(a) The financial resources of the party seeking maintenance, including marital property apportioned to him, and his ability to meet his needs independently. (2) The maintenance order shall be in such amounts and for such periods of time as the court deems just, and after considering all relevant factors including: (a) Lacks sufficient property, including marital property apportioned to him, to provide for his reasonable needs. the court may grant a maintenance order for either spouse only if it finds that the spouse seeking maintenance: (1) In a proceeding for dissolution of marriage or legal separation.
LIQUID ASSETS ASHLAND TRIAL
We took discretionary review, and now reverse the decision of the Court of Appeals and reinstate the order of the trial court.
Patricia appealed on the issue of maintenance, and the Court of Appeals reversed, directing the trial court to award maintenance to continue until Febru(William's mandatory retirement date). In the same order the court awarded Patricia an additional $21,000 as her portion of William's 1988 after-tax bonus of $42,000. Her reasonable needs do not exceed $46,000.00 per annum. The evidence establishes that after taxes, the marital estate apportioned to the respondent is in excess of $533,000.00 and that the same can be invested at a return rate of nine percent per annum which is sufficient to provide for the respondent's needs. Following a hearing, the trial court terminated maintenance, finding: In July 1989, William moved to terminate maintenance. A qualified domestic relations order was entered on May 24, 1989. The agreement was incorporated into the decree of dissolution, the court finding that it was not unconscionable. On October 7, the parties entered into an agreement as to the distribution of property, which was essentially a half-and-half division, including equal division of William's accrued employment benefits, pension, and deferred compensation plans at Ashland Oil. The trial court entered an order requiring William to pay Patricia temporary maintenance of $1,500 every two weeks. In August, Patricia moved for an order of temporary maintenance in an amount of not less than $3,000 per month. *826 The petition for dissolution was filed in June 1988. He is also eligible for conditional performance bonuses, and has vested interests in several company retirement and stock option programs. William is an administrative vice-president of Ashland Oil, Inc., and in 1989 received a base salary of $151,000. They are now in their late fifties, and have no minor children. William and Patricia were married for thirty-four years. The sole issue presented in this marital dissolution case is whether the trial court abused its discretion in terminating a temporary maintenance order. John Marion Williams, Ashland, for appellant.
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