Marriage of Evert

MR. JUSTICE SHEA delivered the opinion of the Court. The wife appeals the Flathead County District Court’s amended decree of dissolution because there was not substantial evidence to support its division of marital property. We vacate the judgment of the District Court because it failed to determine the net worth of the marital estate and because it *192 was clearly unadvised of the current values of the parties’ assets. The wife, currently 58 years old, married the respondent, currently 43 years old, in 1974. The District Court found that she brought into this marriage a home with an equity of $30,000, savings of $13,000, $5,800 in cash, a 1966 Ford Galaxy worth $800, and $4,000 worth of furnishings. The District Court determined that the husband brought into the marriage a trailer and 2-1/2 acres of land with an equity of $21,000, a 1973 Dodge pickup worth $600, a farm truck worth $600, an $800 boat, 2 head of cattle, and a $2,000 interest in a retirement home. The court found that he also owed $4,000 in debts at this time. During the course of their 3-1/2 year marriage, the parties purchased a 16 acre parcel of land, and constructed a small, mobile home park on it. They also purchased assorted equipment, appliances, a car, antiques, and other personalty during the marriage. The court awarded the wife her home and furnishings, her 1966 Ford Galaxy, her savings and checking accounts, and most of the major appliances purchased during the marriage. The court, however, did not place any current values on these items. The husband was awarded the 2-1/2 acre parcel of land with trailer, the boat, his savings and checking accounts, and the car, equipment and antiques purchased during the marriage. Again, the court did not place current values on these items. The husband was also awarded the 16 acre parcel of land purchased during the marriage, and was ordered to pay the wife $8,500 in exchange for her interest in that property. The court found that the property’s purchase price was $21,500 and its current value was $40,000. The balance remaining unpaid on the property when the parties separated was $14,379. The court later amended its findings to include that the parties’ net worth at separation was $101,600. Although the wife presents several issues for our consideration, we need not discuss them because we hold that the court acted arbitrarily by failing to place current values on the parties’ assets. We can only speculate upon how the court determined that the parties’ net worth at separation was *193 $101,600, since no values were placed on the wife’s home, the husband’s 2-1/2 acre parcel, and the parties’ personalty at the date of separation. In the absence of a valid, written separation agreement, the trial court must value all the marital assets and determine the parties’ net worth based upon those valuations. Section 40-4-201, MCA; Cook v. Cook (1980), Mont., 614 P.2d 511, 37 St.Rep. 1180; Miller v. Miller (1980), Mont., 616 P.2d 313, 37 St.Rep. 1523. The District Court’s judgment is vacated and we remand for a proper determination of the parties’ net worth before the assets are divided. MR. CHIEF JUSTICE HASWELL and JUSTICES WEBER, MORRISON and SHEEHY concur.