Divorce Court Lacks Jurisdiction to Determine Property Interest of LLC which is Not Party to Case
Tennessee case summary on property division and business valuation in divorce. Thomas John Pitera v. Samantha Pitera The husband and wife in this Blount County, Tennessee, were married in 1998 when the husband was in the Marine Corps and the wife was employed on base. Starting in 2005, the husband was employed as a contractor […]
Read More»Enterprise Goodwill of Dental Practice is Separate When Intertwined with Professional Goodwill
Lunn v. Lunn, No. E2014-00865-COA-R3-CV (Tenn. Ct. App. June 29, 2015). The professional goodwill of a one-person professional practice is the professional’s separate property, and this rule was discussed in the Lunn case. Andrew Lunn, DDS, brought a divorce action against his wife Carole in 2011. They were married in 1995 and had three children, […]
Read More»Lawyer’s Assets May Be Marital Property But Professional Goodwill is Separate Property
Bloggers note: Smith is another important, if not iconic case, family lawyers and business valuation experts should know well. Smith v. Smith, 709 S.W.2d 588 (Tenn. Ct. App. 1985) Angelyn Jenkins Smith and Ewing Smith were married in 1952. Mr. Smith was an attorney and was first licensed in 1956. He was a 30% partner […]
Read More»Professional Goodwill of Medial Practice is Separate Property
Bloggers note: Hazard is considered by many of Tennessee’s most experienced forensic accountants to a be a cornerstone case that all forensic accountants and family lawyers should study and know. Hazard v. Hazard, 833 S.W.2d 911 (Tenn. Ct. App. 1991) Patrick and Myra Hazard were married in 1980 At the time of the marriage, Mrs. […]
Read More»Employment Not a Substantial Contribution to Family Business
Keyt v. Keyt, 244 S.W.3d 321 (Tenn. 2007) The husband and wife in this 2007 case were married in 1988. The wife did not work outside the home, and the husband was employed by a trucking company founded by his father. The husband had been employed by this firm prior to the marriage, and before […]
Read More»Nonowner Spouse Fails to Prove Appreciation of Chiropractic Practice
Cutsinger v. Cutsinger, 917 S.W.2d 238 (Tenn. Ct. App. 1995). Mr. Cutsinger owned a chiropractic practice as a sole proprietorship. He began the practice two years before he married. Days after the marriage, Mrs. Cutsinger began working at the practice as a licensed nurse. Mr. Cutsinger later became seriously ill with skin cancer and was […]
Read More»What is a business valuation for divorce purposes?
What is a business valuation for divorce purposes? Thank you to Melissa Gragg for inviting me to join her on her vlog. Melissa is a nationally recognized valuation expert witness for people getting divorced in Missouri and Illinois and who may also own a business. View the complete pod cast: Business Valuations from a Divorce […]
Read More»How Are Business Assets Divided in Divorce?
How Are Business Assets Divided in Divorce? Thank you to Melissa Gragg for inviting me to join her on her vlog. Melissa is a nationally recognized valuation expert witness for people getting divorced in Missouri and Illinois and who may also own a business. View the complete pod cast: Business Valuations from a Divorce Attorney’s […]
Read More»What divorce lawyers just don’t get about business valuation
What divorce lawyers just don’t get about business valuation Thank you to Melissa Gragg for inviting me to join her on her vlog. Melissa is a nationally recognized valuation expert witness for people getting divorced in Missouri and Illinois and who may also own a business. View the complete pod cast: Business Valuations from a […]
Read More»What happens to a business during a divorce?
What happens to a business during a divorce? Thank you to Melissa Gragg for inviting me to join her on her vlog. Melissa is a nationally recognized valuation expert witness for people getting divorced in Missouri and Illinois and who may also own a business. View the complete pod cast: Business Valuations from a Divorce […]
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