Deferred Compensation & Divorce: IRAs, Military Pensions, Disability Insurance Benefits, and Marital Nexus | PART TWO
In Tennessee law, deferred compensation includes a spouse’s income deferred by the employer for already-performed work, functioning as a “substitute for life savings.” See Gragg v. Gragg, discussed later. When earned during the marriage, a deferred compensation plan may be a divisible marital asset along with any appreciation, or increase in value, that also happened […]
Read More»Qualified & Nonqualified Deferred Compensation & Divorce: PART ONE
Division of deferred compensation is a hot-button issue in all divorce proceedings. For reasons highlighted throughout this series, family law attorneys assist their divorce clients in preparing for division of deferred benefits earned from current or past employment during the marriage or before, such as a pension, IRA, or 401(k). Qualified & Nonqualified Deferred Compensation […]
Read More»Rental Property Owned Before Marriage Became Marital Asset
Tennessee case summary on property classification and transmutation in divorce. Michael Lee Givens v. Tristine Ann Givens The husband and wife in this Hamilton County, Tennessee, case were married in 2002 and had no children. The husband filed for divorce in 2012, and the trial was held in 2015, at which time the husband was […]
Read More»Divorcing Wife Entitled to Extra Time To Complete Business Valuation
Tennessee case summary on business valuation in divorce and gifting a painting. Jennifer Kate Watts v. Scottie Lee Watts The husband and wife in this Shelby County, Tennessee, case had been married for twenty years and had two minor children at the time of their 2014 divorce. The wife was a certified public accountant, and […]
Read More»Husband Failed to Prove Prenup to Reserve Lake House as Separate
Tennessee case summary on property division, classification, retirement and prenuptial agreements in divorce. Jimmy D. Ogle v. Julie D. Duff The husband and wife in this Loudon County, Tennessee, case were married for about five and one-half years before their divorce. The husband, 58, was a self-employed surveyor, and the wife, 45, was a teacher. […]
Read More»Pre-marital Stock Options Became Marital Property When Comingled
Tennessee case summary on commingling in divorce. Kathryn Lynn Jones v. Gary Edward Jones The husband and wife in this Tennessee divorce case met in 1985 and were married in 1990. In 2011, the wife filed a complaint for divorce, and trial was held in 2014, after their youngest child had turned 18. The marital […]
Read More»TN Wife’s Inheritance Remains Her Separate Property, Despite Joint Account
Tennessee case summary on transmutation in divorce. Robert Harold Douglas v. Susan Mercedes Douglas The husband and wife in this Tennessee divorce case were married in 1995 and separated in 2013. They had one child, who was already over the age of majority at the time of the divorce. One of the major assets was […]
Read More»Wife’s Relationship With Expert Witness Did Not Warrant New Trial
Tennessee case summary on classification of debentures in divorce. Jill St. John-Parker v. Virgil Duane Parker The husband and wife in this Tennessee case were married in 1990 and had one child, who was over 18 at the time of their divorce. The husband was an attorney and the wife was a certified public accountant. […]
Read More»TN Couple’s Extensive Real Estate Held To Be Marital Property
Tennessee case summary on divorce valuation and special master. Timothy James Hardin v. Veronica Hensley-Hardin The husband and wife in this Tennessee divorce case were married in 1992 and had four children, one of whom died during the marriage. The husband owned and operated a heating and air conditioning business, and the wife worked for a […]
Read More»TN Husband Bound By Deed To Wife Signed During Divorce
- At May 09, 2016
- By Miles Mason
- In Property Classification
- 0
Tennessee case summary on transmutation of real property in divorce. Mildred S. Draper v. Donald Mark Draper – Tennessee divorce separate v. marital property The wife in this Tennessee case filed for divorce after nearly forty years of marriage. She cited inappropriate marital conduct and irreconcilable differences. The husband denied wrongdoing, but before doing so, he […]
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