The parties separated after a seven-year marriage.
The core issues at trial involved claims for retroactive child and spousal support, equalization of net family property, and a claim for unequal division under s. 5(6) of the Family Law Act.
A significant portion of the trial focused on determining the fair market value of the applicant's 33.3% interest in a logistics company.
The court preferred the valuation evidence of the respondent's expert, with some modifications, valuing the interest at $358,500.00.
The court dismissed the applicant's claim that equalization would be unconscionable due to a post-separation decline in the company's value.
The court ordered the respondent to pay retroactive child support and reimburse the applicant for an overpayment of spousal support.
Ultimately, the applicant was ordered to pay an equalization payment of $183,589.09 to the respondent.
