Marriage of Matkovic CA6

I. BACKGROUND

Kate and Peter married in 1985.1 They emigrated to the United States from Croatia, had three children (Ivan born in 1986, Magdalena in 1988, and Andrej in 1995), and operated a successful Silicon Valley manufacturing business (Accura Precision, Inc.) for nearly 25 years before separating in July 2012. Peter managed Accura’s business operations and Kate handled the company’s finances as well as the parties’ personal finances. The parties acquired several properties during the marriage including a primary residence in Cupertino, commercial and rental properties in the Bay Area, and a home in Croatia. They also helped Ivan start his own company (Spendgo, Inc.) and helped Ivan and Magdalena purchase real estate. When the parties separated in July 2012, they executed a transmutation agreement related to their real property in California, and they transferred ownership of their company to Ivan and Magdalena. The parties also gifted their children large sums of money, of which approximately $2.5 million was documented in gift declarations

1We refer to the parties and their adult children by their given names for clarity, intending no familiarity or disrespect. 2 executed…