Dramatic Appreciation in Property Value Was Result of Freeway Coming Through and Not Spouse’s Substantial Contribution; Therefore Property Interest Remained Separate
Harrison v. Harrison, 912 S.W.2d 124 (Tenn. 1996). Mr. Harrison and his brother each inherited a half interest in a 45 ½ acre tract of land that was used for farming. At the time Mr. Harrison married Mrs. Harrison, the value of the land was $7,000. After an interstate was constructed across the tract of […]
Read More»Investment Advice and Use of Word “Ours” Were Insufficient to Transmute Wife’s Trust Fund
Luttrell v. Luttrell, No. W2012-02279-COA-R3-CV (Tenn. Ct. App. Jan. 28, 2014). William and Beverly Luttrell were married in 1987 in Mississippi. The wife came from a well-to-do family, since her grandfather had started Bryan Foods, which later became part of the Sara Lee Corporation. Prior to the marriage, she was the beneficiary of a trust […]
Read More»Support During Marriage Was One Factor of Substantial Contribution When It Resulted in Preservation of Asset
Wade v. Wade, 897 S.W.2d 702 (Tenn. Ct. App. 1994) This 1994 case involved a number of different pieces of property which the court was required to classify as separate or marital. These had been owned by the husband prior to the marriage, and the husband argued that they had remained his separate property. One […]
Read More»Whether Retirement Benefits are Vested Irrelevant for Determining Separate or Marital
Cohen v. Cohen, 937 S.W.2d 823 (Tenn. 1996). Cohen is widely cited for its holding that “the value of unvested retirement plans and increased equity in real separate property accruing during the marriage constitute marital property.” It reached this conclusion rather quickly by noting that marital property is defined as “all” property acquired during the […]
Read More»For Property to Transmute, Substantial Contribution Must Relate Directly to the Asset
Spergl v. Spergl, No. M2018-00934-COA-R3-CV (Tenn. Ct. App. May 16, 2019) The husband and wife in this Williamson County, Tennessee, case were married in 2004 and had no children. In September 2015, the wife filed for divorce, arguing irreconcilable differences and inappropriate marital conduct. After an initial answer, the husband admitted inappropriate conduct, and also […]
Read More»Premarital Balances, But Not Gains, in Retirement Accounts Were Separate Property
Snodgrass v. Snodgrass, 295 S.W.3d 240 (Tenn. 2009). In this 2009 case, the Tennessee Supreme Court attempted to clarify and distinguish its decision in Langschmidt v. Langschmidt, 81 S.W.3d 741 (Tenn. 2002). Once salaried employees with Alcoa, Mr. and Mrs. Snodgrass were married for about 23 years. Both participated in employer-provided 401(k) plans. Before their […]
Read More»Appreciation of Separate Property: The Forensic Accountant’s Full Employment Act
On October 20, 2020, with Anne Hamer, we presented at the Tennessee Society of CPAs Forensic and Valuation Services Conferences. Appreciation of Separate Property: The Forensic Accountant’s Full Employment Act is a substantive presentation on the subtleties of classification. Classification is the determination of whether an asset is separate property or marital property subject to […]
Read More»How The Forensic Accounting Deskbook Came About
https://youtube.com/watch?v=zzs2QpU56VwVideo can’t be loaded because JavaScript is disabled: How "The Forensic Accounting Deskbook" came about (Attorney Memphis and St. Louis) (https://youtube.com/watch?v=zzs2QpU56Vw) How The Forensic Accounting Deskbook Came About 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 […]
Read More»How do you value a business for divorce?
https://youtube.com/watch?v=aMozO5N-kzgVideo can’t be loaded because JavaScript is disabled: Attorneys Perspective on Business Valuation Experts (St. Louis and Memphis) (https://youtube.com/watch?v=aMozO5N-kzg) How do you value a business for divorce? A Divorce Attorney’s Perspective on Business Valuation Experts For a much more detailed discussion, see The Forensic Accounting Deskbook: A Practical Guide to Financial Investigation and Analysis for […]
Read More»Financial Forensic Experts Find Lies That Win Divorce Cases
- At May 16, 2020
- By Miles Mason
- In Divorce Tips, Forensic Accounting
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https://youtube.com/watch?v=ERqPxGcDRKsVideo can’t be loaded because JavaScript is disabled: Financial Forensic Experts Find Lies That Win Divorce Cases (https://youtube.com/watch?v=ERqPxGcDRKs) The first step is cross-checking key financial documents like tax returns, financial statements and other disclosures. What “smells wrong?” What is the continuum of lies? How lying can lose a divorce trial. For a much more detailed […]
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