Marriage Allen M. Oldfield v. Nancy L

Allen M. Oldfield appeals from the property distribution and maintenance portions of the decree dissolving his marriage to Nancy L. Oldfield. This is the second appeal from a decree in this case. The first, Oldfield v. Oldfield, 666 S.W.2d 17 (Mo.App. 1984), resulted in a reversal and remand for reconsideration of the division of marital property, the trial court having adopted certain erroneous valuations placed on marital assets by wife's accountant, and for having failed to distribute an IRA account. In that opinion it was noted that the distribution of marital property on remand may require a reconsideration of the issue of maintenance. The trial court was affirmed as to child support and attorneys' fees. The parties were married in 1963 and have one child, a daughter, who was 15 years old at the time of trial. The husband is employed by Professional Career Development, Inc. (PCD), a company which he co-founded in 1970 and of which he owns 45 percent (42 shares) of the stock. Husband's gross income fro PCD in 1981 was $148,313 and in 1982 was $156,000. Due to the nature of the business tangible assets are few and the company has never declared a dividend.