Pursuant to Ind.Appellate Rule 65(D),
this Memorandum Decision shall not
be regarded as precedent or cited
before any court except for the purpose
of establishing the defense of res
judicata, collateral estoppel, or the law
of the case.


                                                               Jan 15 2015, 8:56 am

ATTORNEYS FOR APPELLANT:

KATHERINE A. HARMON
JARED S. SUNDAY
Mallor Grodner, LLP
Indianapolis, Indiana


                               IN THE
                     COURT OF APPEALS OF INDIANA

KAREN E. FIELDER,                                 )
                                                  )
        Appellant-Petitioner,                     )
                                                  )
               vs.                                )       No. 49A04-1405-DR-216
                                                  )
BRANDON E. FIELDER,                               )
                                                  )
        Appellee-Respondent.                      )


                     APPEAL FROM THE MARION SUPERIOR COURT
                          The Honorable Cynthia J. Ayers, Judge
                            Cause No. 49D04-1104-DR-12772


                                       January 15, 2015

                MEMORANDUM DECISION – NOT FOR PUBLICATION

BARNES, Judge
                                      Case Summary

       Karen Fielder appeals the trial court’s distribution of marital property. We affirm

and remand.

                                           Issues

       Karen raises two issues, which we consolidate and restate as:

              I.     whether the trial court properly valued certain
                     retirement accounts; and

              II.    whether the trial court’s final order allows for the
                     review of its distribution of the marital estate.

                                            Facts

       Karen and Brandon Fielder married in 1998 and had three children. In April 2011,

Karen petitioned for dissolution of the marriage, and Brandon cross-petitioned. On April

1, 2011, Brandon had one retirement account valued at $98,927.83 and another retirement

account valued at $82,942.75. Brandon was involved in day trading using his retirement

accounts. On April 30, 2011, the accounts had decreased in value to $28,077.30 and

$36,123.94.

       On March 10, 2014, the trial court conducted a final hearing on the dissolution

petitions. By this time, the retirement accounts had no value. The trial court issued an

order dissolving the marriage on March 11, 2014. On April 21, 2014, the trial court

issued an order addressing outstanding issues, including the distribution of marital

property. On that issue, the trial court found in part:

              12.   Husband participated in “day trading” during the
              marriage as well as after the date of separation.


                                              2
13.    Although Husband was at times successful in the “day
trading” and increased the net value of his Schwab investment
account in the months leading up to the parties’ separation, he
was unsuccessful in his trading efforts near the date of filing.

14.    Husband stopped “day trading” as he was ordered by
the court at the preliminary hearing.

15.    While Husband’s efforts were unsuccessful, the Court
finds that he was attempting to continue to increase the value
of the estate. Husband made no withdrawals from these
accounts and he did not intend to diminish the value of the
marital assets.

16.    Wife removed personal property from the marital
residence when she relocated after the preliminary hearing.
She took furniture, appliances, children’s toys and furniture.
She even removed the light bulbs from the marital residence.
An inventory of the items taken by Wife is attached hereto
and marked as Exhibit “A”. The value of the property
removed by Wife is $35,500.00.

17.    Wife did not contribute on a regular and/or consistent
basis to the support of the minor children during the pendency
of this action. Husband utilized other marital assets in order
to maintain payments for the marital residence for him and
the children.

18.    Husband’s actions were not designed to hide, deplete
or divert marital assets.

19.    Wife filed two (2) verified financial declaration forms
during the course of the pendency of this action, and Husband
filed one (1) verified financial declaration form.

20.    Both parties testified at Final Hearing to asset values
that were different from their financial declarations.

21.   During the lengthy pendency of this action, Husband
assumed responsibility for the vast majority of the marital
debt which was substantial (approximately $143,000.00).
Wife assumed debts of approximately $4,300.00.


                               3
22.   In light of these facts, the Court makes the following
Orders:
      a.     Husband retain sole ownership and possession
      of the marital residence . . . .

      b.     Husband shall refinance the mortgage into his
      name alone within 180 days and shall make efforts to
      do so immediately.

      c.     Wife shall request from Husband’s counsel [sic]
      execute a quit claim deed and sales disclosure form,
      and provide same to Husband’s counsel for recording.

      d.      A portion of the proceeds from the sale of the . .
      . Black Locust real property have been divided. Prior
      to the sale, Husband withdrew $30,000.00 in equity
      from this property. Husband used at least a portion of
      this money to pay joint marital debts and maintain a
      home for the parties’ three children. Husband was
      ordered to hold the sale proceeds in escrow, which he
      did not do. Wife received only $13,000.00 of the sale
      proceeds of $37,000. Husband, therefore, owes Wife
      the sum of $20,500.00, ($15,000.00 from Husband’s
      equity withdrawal and $5,500.00 from additional sales
      proceeds) which must be paid to her within 12 months
      of this Order.

      e.     Husband shall retain ownership and possession
      of the 1995 Camaro, the 1993 Honda Nighthawk, and
      any other vehicles in his possession. . . .

      f.    Wife shall retain ownership of the 1992 Bravo
      Invader boat and trailer, the 2003 Kia Sedona, and the
      2000 Grand Am, and any other vehicles in her
      possession. . . .

      g.     Each party shall retain all accounts in his or her
      own name, including checking, savings, retirement,
      and investments.

      h.      Each party shall retain all personal property in
      his or her possession.


                              4
                       i.     Husband shall be responsible for the following
                       debts:

                               i.      Lowe’s;

                               ii.     Home Depot;

                               iii.    The joint Chase credit card . . .;

                               iv.     the Key Bank credit card;

                               v.     The first and second mortgages on the
                               marital residence;

                               vi.    All other debt in his name and all debt he
                               incurred after the date of separation. . . .

                       j.     Wife shall be responsible for all debts in her
                       name, and all debts incurred after the date of
                       separation. . . .

App. pp. 24-27. Karen now appeals.1

                                              Analysis

       The trial court entered sua sponte findings. In such a situation, the specific factual

findings control only the issues that they cover, and a general judgment standard applies

to issues upon which there are no findings. Stone v. Stone, 991 N.E.2d 992, 998 (Ind. Ct.

App. 2013), aff’d on reh’g. “It is not necessary that each and every finding be correct,

and even if one or more findings are clearly erroneous, we may affirm the judgment if it

is supported by other findings or is otherwise supported by the record.” Id. We may

affirm a general judgment with sua sponte findings on any legal theory supported by the


1
   The trial court awarded Brandon sole legal and physical custody of the children, continued orders of
protection against Karen relating to Brandon and the children, and ordered that Karen have no parenting
time or other contact with the children until she receives adequate psychotherapy and participates in
reunification therapy with the children. Karen does not appeal any child-related matters.
                                                  5
evidence. Id. In reviewing the accuracy of findings, we first consider whether the

evidence supports them.      Id.   We then consider whether the findings support the

judgment. Id. “We will disregard a finding only if it is clearly erroneous, which means

the record contains no facts to support it either directly or by inference.” Id.

       A judgment also is clearly erroneous if it relies on an incorrect legal standard, and

we will not defer to a trial court’s legal conclusions. Id. at 998-99. We give due regard

to the trial court’s ability to assess the credibility of witnesses and will not reweigh the

evidence, and we must consider only the evidence most favorable to the judgment along

with all reasonable inferences drawn in favor of the judgment. Id. at 999. Additionally,

we “‘give considerable deference to the findings of the trial court in family law matters . .

. .’” Id. (quoting MacLafferty v. MacLafferty, 829 N.E.2d 938, 940 (Ind. 2005)). This

deference is a reflection that the trial court is in the best position to judge the facts,

ascertain family dynamics, and judge witness credibility and the like. Id. “‘But to the

extent a ruling is based on an error of law or is not supported by the evidence, it is

reversible, and the trial court has no discretion to reach the wrong result.’” Id. (quoting

MacLafferty, 829 N.E.2d at 941).

       Finally, Brandon has not filed an appellee’s brief. In such a case, we need not

bear the burden of developing an argument on his behalf.             See Morgal-Henrich v.

Henrich, 970 N.E.2d 207, 210 (Ind. Ct. App. 2012). We will reverse if Karen establishes

prima facie error, which means error “‘at first sight, on first appearance, or on the face of

it.’” Id. (quoting Trinity Homes, LLC v. Fang, 848 N.E.2d 1065, 1068 (Ind. 2006)). If

Karen does not meet this burden, we will affirm. See id.

                                              6
                                   I. Retirement Accounts

       Karen first argues that the trial court abused its discretion in valuing the retirement

accounts on the date of the final hearing, when they had no value, as opposed to the date

she filed for dissolution, when they had a value of more than $180,000.00. It is clear

“that the trial court has discretion when valuing the marital assets to set any date between

the date of filing the dissolution petition and the date of the hearing.” Quillen v. Quillen,

671 N.E.2d 98, 102 (Ind. 1996). “The selection of the valuation date for any particular

marital asset has the effect of allocating the risk of change in the value of that asset

between the date of valuation and date of the hearing. We entrust this allocation to the

discretion of the trial court.” Quillen, 671 N.E.2d at 102-03.

       Karen argues that, because she had no control of the accounts and the reduced

value was caused by Brandon’s actions, the trial court abused its discretion by not

valuing them at the date of filing. In support of her argument, Karen relies on Reese v.

Reese, 671 N.E.2d 187, 192 (Ind. Ct. App. 1996) and Trabucco v. Trabucco, 944 N.E.2d

544, 560 (Ind. Ct. App. 2011), in which we held that it was not an abuse of discretion to

allocate the risk to the party who had control of the respective assets. However, nothing

in either case requires a trial court to allocate the risk of loss to the party in control of the

property or to use the date of filing to value marital property.

       Here, the trial court found that, although Brandon had increased the net value of

the investment accounts in the months leading up to the separation, he was unsuccessful

in his trading efforts near the date of filing. The trial court also found that Brandon was

attempting to increase the value of the marital estate. Based on these findings, we cannot

                                               7
say that the trial court’s decision to allocate the risk of loss to both parties was an abuse

of discretion.

       Karen also claims the trial court abused its discretion when it concluded that

Brandon’s actions did not constitute dissipation of marital assets. Generally, we review

findings of dissipation under an abuse of discretion standard. Troyer v. Troyer, 987

N.E.2d 1130, 1140 (Ind. Ct. App. 2013), trans. denied. “We will reverse only if the trial

court’s judgment is clearly against the logic and effect of the facts and the reasonable

inferences to be drawn from those facts.” Id. Waste and misuse are the hallmarks of

dissipation, and our legislature intended that the term carry its common meaning denoting

“foolish” or “aimless” spending.        Id. (quotation omitted).    Dissipation involves the

frivolous, unjustified spending of marital assets, which includes the concealment and

misuse of marital property. Id.

                 Factors to consider in determining whether dissipation has
                 occurred include: (1) whether the expenditure benefited the
                 marriage or was made for a purpose entirely unrelated to the
                 marriage; (2) the timing of the transaction; (3) whether the
                 expenditure was excessive or de minimis; and (4) whether the
                 dissipating party intended to hide, deplete, or divert the
                 marital asset.

Id.

       On this issue, the trial court found:

                 12.   Husband participated in “day trading” during the
                 marriage as well as after the date of separation.

                 13.    Although Husband was at times successful in the “day
                 trading” and increased the net value of his Schwab investment
                 account in the months leading up to the parties’ separation, he
                 was unsuccessful in his trading efforts near the date of filing.

                                                8
              14.    Husband stopped “day trading” as he was ordered by
              the court at the preliminary hearing.

              15.    While Husband’s efforts were unsuccessful, the Court
              finds that he was attempting to continue to increase the value
              of the estate. Husband made no withdrawals from these
              accounts and he did not intend to diminish the value of the
              marital assets.

                                          *****

              18.    Husband’s actions were not designed to hide, deplete
              or divert marital assets.

App. pp. 24-25. It is clear that the trial court was not persuaded by Karen’s attempt to

characterize Brandon’s day trading as dissipation. Karen’s argument on appeal is nothing

more than a request to reweigh the evidence, which we cannot do. In light of the trial

court’s findings and the evidence supporting the findings, we cannot conclude that the

trial court’s judgment was clearly against the logic and effect of the facts.

                                  II. Adequacy of Order

       Karen argues that, due to the lack of assigned values of all of the marital property,

she cannot determine whether the marital estate was equally divided as required by

Indiana Code Section 31-15-7-5, which requires a trial court to “presume that an equal

division of the marital property between the parties is just and reasonable.” Given our

prima facie standard of review, we agree that, because the order does not include the

value of the parties’ various assets and liabilities, we are unable to fully review the

distribution of the marital estate. Accordingly, we remand for a more specific order

showing how the marital estate was valued. In the event that a deviation from the


                                              9
presumptive 50/50 split is warranted, the trial court should include specific findings to

support such. See Smith v. Smith, 938 N.E.2d 857, 860 (Ind. Ct. App. 2010) (“[A] trial

court may deviate from equal division so long as it sets forth a rational basis for its

decision.”).

                                       Conclusion

       The trial court did not abuse its discretion by valuing the retirement accounts as of

the date of the final hearing or by finding that Brandon did not dissipate marital assets.

However, because of the manner in which the trial court’s order is drafted, we cannot

review the division of the marital estate. We affirm and remand.

       Affirmed and remanded.

MAY, J., and PYLE, J., concur.




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