Panagopulos v. Panagopulos
A court can consider parties' incomes, educations and abilities to acquire future assets when it distributes property. The parties married in 1983 and have two children. The husband complained that the wife spent too much and undermined his efforts to discipline the children. The wife complained that the husband drank too much and had outbursts of temper. The parties participated in counseling. The court found that both parties contributed to the breakdown of the marital relationship. The husband, 55, earns about $200,000 gross per year from his auction businesses. The wife, 53, worked as a homemaker and currently earns $15 per hour at a retail clothing store. The court ordered the husband to pay alimony of $4,750 per month, until the wife's death, marriage, civil union, the wife's sale, rental or occupancy of the marital residence or Oct. 31, 2024, whichever takes place first. Unless alimony ends as a result of death, marriage or civil union, the court ordered the husband to pay alimony of $7,500 per month until Oct. 31, 2024. The court provided the wife a "safe harbor," to earn up to $40,000 gross per year, without earnings affecting alimony. The court ordered the husband to name the wife the beneficiary of $300,000 in life insurance, as long as he is obligated to pay alimony. The court kept jurisdiction for the purposes of education support orders. The court ordered the parties to sell the marital residence and awarded the wife 65 percent of the net proceeds. The court awarded each party bank accounts and investments. The court awarded the husband his business interests. The court awarded the wife the Porsche. The court awarded the husband the Toyota, the Nissan, the Pursuit and the SeaPro.