Tennessee case abstract on asset valuation and division in divorce.
Meredith Lee Taylor v. Christopher Bryan Taylor
On attraction, the daddy argued the account was owned collectively along with his girlfriend, and that solely his curiosity ought to have been thought-about.
The events on this Lincoln County, Tennessee case had been married in 2007 and had one son, who was born in 2016. When the spouse discovered that the husband was having an affair, she filed for divorce in 2020. The online marital property was divided virtually equally, and the everlasting parenting plan referred to as for the mom to be major residential mum or dad, with 235 days per yr parenting time. The daddy then appealed to the Tennessee Court docket of Appeals.
Among the many property was a secret day buying and selling account maintained by the daddy, valued at $20,000. He didn’t embody this account in interrogatories, and was evasive when requested concerning the omission. The court docket awarded this account to the daddy, however awarded the mom $10,000 for her share. On attraction, the daddy argued that the valuation was incorrect. He additionally argued that the account was owned collectively along with his girlfriend, and that solely his curiosity ought to have been thought-about. However upon analyzing the proof, the appeals court docket discovered no error with the decrease court docket’s ruling. The daddy additionally quibbled as to the worth of his car, however the appeals court docket discovered that the decrease court docket had pegged its worth correctly. It additionally affirmed the disposition to the mom of a hoop which had belonged to the daddy’s grandmother. They’d put it in a brand new setting and it was given to the mom. The appeals court docket agreed that the ring was a present to the mom.
The daddy additionally argued that he ought to have obtained extra parenting time. The appeals court docket first identified that it doesn’t usually second guess the trial court docket, for the reason that ruling usually hinges on delicate components corresponding to demeanor and credibility. The trial court docket had utilized the statutory components, and the appeals court docket may discover no purpose to reverse the ruling.
For these causes, the Court docket of Appeals affirmed, and assessed the prices of attraction towards the daddy.
No. M2022-00140-COA-R3-CV (Tenn. Ct. App. Could 2, 2023).
See authentic opinion for actual language. Authorized citations omitted.
To study extra, see Property Division in Tennessee Divorce and think about our video Is Tennessee a 50 50 divorce state?
