Property Valuation Vacated in Memphis, Tennessee Divorce: Trezevant v. Trezevant
What if I said you looked like a million dollars?
Read MoreTag: Property Valuation
Value of Military Pension Appealed in Clarksville, Tennessee Postdivorce Dispute: Foster v. Foster
Facts: Husband and Wife divorced in 2006 after 13 years of marriage. At the time of divorce, Husband had served 14 years in the United States Army and held the rank of Captain. Their marital dissolution agreement provided: The parties mutually acknowledge that they have been married during 13 years (156 months) of Husband’s active […]
Read MorePretrial Stipulation and Continuance Examined in Memphis, Tennessee Divorce: Watts v. Watts
Facts: Husband and Wife divorced after 20 years of marriage. Husband owned three small businesses. In May 2015, husband and Wife filed with the trial court a written stipulation that they would hire Mr. Orndorff to value two of the businesses. They agreed to stipulate that whatever values Mr. Orndorff placed on the businesses would […]
Read MoreBusiness 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 […]
Read MoreReduced Value of Marital Residence Reversed in Murfreesboro, TN Divorce: Yates v. Yates
Facts: Husband and Wife divorced after approximately three years of marriage. At trial, each introduced an expert appraiser to testify about the current value of the marital residence. Husband’s expert testified the house was worth $535,000. Wife’s expert testified the house was worth $505,000. The trial court averaged the two appraisals to reach a value […]
Read MoreReduction of Value for Cost of Sale Reversed in Chattanooga Divorce: Gaither v. Gaither
Facts: The parties divorced after 28 years of marriage. At trial, the parties disputed the value of the marital residence. The trial court ordered the marital residence to be appraised and for Wife to have the opportunity to purchase Husband’s interest in the home at the appraised value. The court-ordered appraisal established the fair market […]
Read MoreProperty Valuation and Rehabilitative Alimony Reversed in Shelbyville Divorce: Barnes v. Barnes
Facts: After 25 years of marriage, a five-day divorce trial, 15 witnesses, and 161 exhibits, the parties were divorced.The trial court divided the marital estate and awarded Wife alimony in futuro, i.e., permanent alimony, of $6000 per month. On a post-trial motion to alter or amend, the trial court, upon considering the Tennessee Supreme Court’s […]
Read MoreBusiness Valuation Reversed in Cleveland Divorce: Hartline v. Hartline
Facts: The parties divorced after 25 years of marriage. Husband is a dentist who operated a solo practice for over 30 years. Although many issues were raised on appeal, the only one I find noteworthy is the valuation of Husband’s dental practice. Wife presented the testimony of an expert witness who valued Husband’s dental practice […]
Read MoreClassification of Lawsuit Proceeds as Marital Property and Valuation of Unvested Pension in Tennessee Divorce: Lane v. Lane
Facts: Shortly after marrying in 2006, Husband was injured at work. When Husband was injured and unable to work, Wife cared for him. He filed a workers’ compensation claim and a products liability lawsuit and received financial settlements from both. Wife was also named as a co-plaintiff in the products liability lawsuit. Husband claimed that he and Wife […]
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