Marriage of Maiberger CA4/2
Opinion
Opinion
BACKGROUND
I. The parties’ marriage and Luke’s acquisition of the stock
Luke’s parents founded P&R Paper Supply Company, Inc. (the paper company) in
1976. Luke began working for the paper company in 1983, and he and Katherine married
in 1985. Luke’s parents were the sole shareholders of the paper company until 1991. In
1991, Luke’s parents gifted him 24 shares of stock in the paper company. The shares
were valued at $8,000 each for gift tax purposes.
We refer to the parties by their first names because of their shared last name. No disrespect is intended. 2 In August 2011, Luke petitioned to dissolve the parties’ marriage. Both the
petition and Katherine’s response asked the court to determine the parties’ property
rights. Both documents also listed the “[c]ommunity interest in P&R Paper” under the
section for declaring community and quasi-community assets. Luke later filed an
amended petition identifying the paper company shares as his separate property.
The court entered a status-only judgment of dissolution in July 2014. The first
page of the status-only judgment stated: “Jurisdiction is reserved over all other issues.”