Business Goodwill at Issue in Bradley County, Tennessee Divorce: Fuller v. Fuller

Facts: Husband and Wife divorced after 26 years of marriage. Husband is a certified financial planner who owns his owns practice. Husband testified that his practice typically receives two types of income. First, he earns direct commissions from the sale of financial products. Second, he earns resulting income from financial products he previously sold and […]

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Protecting Assets in Divorce

This article by Kelli Grant at CNBC may be of interest. Breaking up is hard to do: Protecting assets in divorce Getting divorced has a significant impact on your finances — and some missteps can make it even more costly. Divorce is an issue plenty of Americans will find themselves navigating. In 2014, divorces and […]

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Ability to Designate Life Insurance Beneficiary at Issue in Anderson County, Tennessee: Helton v. Helton

Facts: Husband and Wife divorced after 30 years of marriage. When dividing the marital property, the trial court placed a constructive trust over Husband’s $1.2 million life insurance policy and designated Wife as the trustee. The trial court directed Husband to designate Wife as a one-third beneficiary, each of their two children as a one-sixth beneficiary, […]

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Tennessee Family Law Legislative Update 2015

2015 was a quiet year for family law legislation in Tennessee. The Republican super-majority devoted it’s time to other issues such as preventing a floor vote on the Governor’s “Insure Tennessee” plan to expand Medicaid to low-income Tennesseans, imposing medically-unnecessary restrictions on women’s healthcare, or preventing local governments from prohibiting guns in local parks. While […]

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Property Classification Reversed in Bradley Co., TN: Griffith v. Griffith

Facts: Husband and Wife divorced after 15 years of marriage. When the parties married, Husband owned a one-third interest in a family business. He subsequently inherited the remaining two-thirds interest upon the death of his parents during the marriage. Because Husband’s business was failing and producing little income, Wife was responsible for paying most household […]

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