Rapp v. Rapp
A court can award each party approximately 50 percent of the equity in the marital residence. The parties married in September 1988 and have two children. The plaintiff husband, 48, earns $1,164 net per week, as a production manager at Pratt & Whitney. The wife, 47, earns $460 net per week, as a special education worker for the Middletown Board of Education. The wife contributed approximately $37,071 from an inheritance toward the purchase and maintenance of the marital residence. The court awarded the husband the marital residence, which has equity of approximately $139,890, and ordered the husband to remove the wife's name from the mortgage within 90 days. The court ordered the husband to pay the wife 50 percent of the equity in the marital residence, plus $37,071, for a total of $88,481, as a property distribution. The court ordered the husband to pay alimony of $450 per week, until the wife's marriage, cohabitation or May 14, 2028, whichever takes place first. The court awarded the wife 50 percent of the husband's pension and 401(k). The court ordered each party to hold the other harmless from debt. The court awarded the husband the Jaguar and the wife the Buick.