Tennessee appeals court upholds 75% home equity award to wife in divorce case
A Tennessee appeals court affirmed a trial court's valuation of a marital home at $160,400. The wife was awarded 75% of the home's equity, roughly $47,139. The court rejected the husband's higher valuation, which had been based on comparable sales. It also found the trial court's valuations of the husband's artwork and tools flawed and ordered them reassessed. Finally, the court made changes to the permanent parenting plan regarding visitation rights.
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