ÿWPC& UßÉÚr3#Ë’=SG” )Å=ªƒ6ªò¤ÊÊØÖ„?n׬½ž^>·;dš—A”4•¦RjSFR=„Uͱ]Î<ýmÿÌ¡0›©‰y–1ä°ÚÈM,%œ|}˜X›^fí¾ÃìhNb1f¦GÙ|Ê$ŠÛruÉK'&PþêÇÚJç‚OqÜ]Ð}ØX^:•¯êÇ ­G’./#ØP±¾Ê~…@5J9»ì-A8ÿϸÆ;ˆÖbAóz<#Û$ÙlhQ§ˆfܱf~âei‰Ö ½v“<,ƒá1;W—€ÉœðŸ|,ÿW®œ„ RÝŠ‰˜²tH™¨œ‡ oÛ¬tzX{ÀPK~ŒÐ?V˜(¶¦”™JbŠ.'¿ÎU?àϘ„G“*i÷LsùŒ»‰T]Py–1ØöÈÁòl­{˜"9ªÄ°œZ©Œ)J§lŲÔ ÕPiŽ’`º'I‚LÆìº:jÀoÔ¯vA1c äd1ɳ— ØéüŠÐèw[êO.†ÆÒ}êå<Šð€ û[k±ÃW°GÉÿÈk¦òÌYBœø´Ù³ÜÏ ôkÉ Ç8O‹lërØþ³­ŽF ·*ËKÊ2’Û&ß÷a—N.'¶2¬œ'*# LUNW %¥ 0(«w@Ó4'UN6|„ 0 l 0 Dl °[»*-@Zm AQÇ]ZuÏU:ÏÏÏ£     9¬ ¬ ¬ Bå#Æ$ 0DÈ$ 0D % 0DP%P% D/”%”% BÃ% D3à%˜HP LaserJet 4SiHPPCL5MS,ü,,,,,ü0nLdÒ(ÈhH  Z ‹6Times New Roman RegularX($¡¡ РѠҠӣÔÕÖU×Ó€áâ©yË&ú úÿÿú,3|xâ(ÈhH  Z 6Times New Roman Regular rÝ ƒ üÝ$Ýà  àòòÚ  Ú1Ú  ÚóóÝ  ÝThis€asset€consists€of€three€categories€of€property€including€(1)€the€right€to€receive€futureÐ ° Ðsongwriter€royalties,€(2)€the€right€to€receive€future€recording€artist€royalties,€and€(3)€the€right€toÏreceive€income€from€licensing€agreements€and€other€enumerated€intellectual€properties.((3üÝ$¤¤Ý ƒ!ÝÝ  Ýà  àòòÚ  Ú0Ú  Úóó(#Ã$òòÚ  Ú0Ú  Úóó Ý ƒ üÝ$Ýà  àòòÚ  Ú8Ú  ÚóóÝ  ÝThe€trial€court€in€ò òòòGreenfield€óóó óillustrated€the€difference€between€these€two€methods€ofÐ ° Ðcalculation€as€follows:€€ÌÌà8  àà ` àLet€us€assume€that€the€net€probate€estate€of€a€decedent€is€$300,000€and€theÏwidowððs€statutory€elective€share€is€one„third.€€Thus,€upon€her€election€sheÏbecomes€entitled€to€$100,000.€€If€federal€taxes€and€legacies€are€paid€out€of€theÏnon„elective€share€(as€they€must€be)€in€the€amount€of€$100,000,€there€remains€inÏthe€estate€$200,000€in€principal.€€The€elective€and€non„elective€shares€then€areÏ$100,000€each.€€However,€if€this€principal€increases€by€$150,000€and€becomesÏ$350,000,€under€the€fixed€fraction€method,€the€widow€receives€one„third€of€theÏincrease€and€her€distributive€share€is€$150,000.€€The€non„elective€share€would€getÏtwo„thirds€of€the€increase,€and€its€distributive€share€would€be€$200,000.€€Thus,€theÏvalue€of€the€non„elective€share€increased€by€100%€[a]nd€the€value€of€the€electiveÏshare€increased€50%€[a]lthough€both€shares€had€exactly€the€same€amount€ofÏmoney€attributable€to€their€respective€shares€in€the€estate.€.€.€.€Ð Ð Ð  ÐÌà8  àà ` àUnder€the€changing€fraction€method,€each€would€receive€a€proportionateÏshare,€i.e.€$175,000.€€The€method€would€also€function€if€there€were€a€loss€ofÏ$150,000.€€Each€would€get€$25,000,€thus€sharing€in€the€loss€proportionately.Ð Ð Ð  ÐÌòòò òGreenfieldóóó ó,ò òòò€ó óóó398€A.2d€at€986€n.2.€€€ QÝ ƒ üÝÿÝà  àòòÚ  Ú2Ú  ÚóóÝ  ÝIn€1997,€the€Tennessee€General€Assembly€eliminated€this€provision€and€replaced€it€withÐ ° Ðan€accrual„type€elective€share€statute.€€ò òòòSee€óóó ó1997€Tenn.€Pub.€Acts€ch.€426,€ðð€17.€€Under€theÐ  ð Ðcurrent€statute,€the€surviving€spouseððs€share€of€the€decedentððs€net€estate€is€calculated€according€toÏthe€length€of€time€that€the€decedent€was€married€to€the€surviving€spouse.€€òòò òSee€óóó óTenn.€Code€Ann.€ððÐ €Ð Ð31„4„101(a)€(Supp.€1998)(effective€January€1,€1998). Ý ƒ üÝ$Ýà  àòòÚ  Ú3Ú  ÚóóÝ  ÝThis€provision€was€also€amended€in€1997.€€ò òòòSee€óóó ó1997€Tenn.€Pub.€Acts€ch.€426,€ðð€17.€Ð ° ÐCurrently,€subsection€(b)€provides€as€follows:ÌÌà8  àà ` àThe€value€of€the€net€estate€includes€all€of€the€decedentððs€real€and€personalÏproperty€subject€to€disposition€under€the€provisions€of€the€decedentððs€will€or€theÏlaws€of€intestate€succession,€reduced€by€the€following:€secured€debts€to€the€extentÏthat€secured€creditors€are€entitled€to€realize€on€the€applicable€collateral,€funeralÏand€administration€expenses,€and€award€of€exempt€property,€homestead€allowanceÏand€yearððs€support€allowance.Ð Ð Ð  ÐÌTenn.€Code€Ann.€ðð€31„4„101(b)€(Supp.€1998)(effective€January€1,€1998). #Ý ƒ üÝ$Ýà  àòòÚ  Ú4Ú  ÚóóÝ  ÝThis€provision€was€renumbered€in€1984.€€òòò òSeeó óóó€Tenn.€Code€Ann.€ðð€31„2„103Ð ° Ð(1984)(amended€by€1985€Tenn.€Pub.€Acts€ch.€140,€ðð€28€(codified€as€Tenn.€Code€Ann.€ðð€31„4„¼101(b)€(Supp.€1985))). PÝ ƒ üÝ$Ýà  àòòÚ  Ú7Ú  ÚóóÝ  ÝThe€appellant€in€òòò òGreenfield€ó óóódid€not€challenge€the€trial€courtððs€ruling€with€respect€toÐ ° Ðproper€method€of€calculating€income€earned€during€the€administration€of€the€decedentððs€estate.€Ïò òòòSee€Greenfieldó óóó,€398€A.2d€at€986€n.3.!"#$&Cþÿ<< Cÿÿ SÝ ƒ üÝ$Ýà  àòòÚ  Ú9Ú  ÚóóÝ  ÝThe€Surviving€Spouse€conceded€that,€if€the€changing€fraction€method€of€calculation€wasÐ ° Ðused,€she€would€be€entitled€to€much€more€than€a€one„third€share€of€the€income€received€by€theÏDecedentððs€estate€prior€to€the€distribution€of€her€elective€share.€€ PÝ ƒ üÝ$Ýà  àòòÚ  Ú6Ú  ÚóóÝ  ÝAt€least€fourteen€other€jurisdictions€also€recognize€that€a€surviving€spouse€is€entitled€to€aÐ ° Ðshare€of€the€profits€or€income€earned€prior€to€the€distribution€of€his€or€her€elective€share.€€ò òòòSeeÐ  ð Ðóóó óCharles€C.€Marvel,€Annotation,€ò òòòExtent€of€Rights€of€Surviving€Spouse€Who€Elects€to€TakeÐ à ÐAgainst€Will€in€Profits€of€or€Increase€in€Value€of€Estate€Accruing€After€Testatorððs€Deathóóó ó,€7Ð €Ð ÐA.L.R.4th€994„95€(1981)(citations€omitted).€€ öÝ ƒ"¯"ÝÝ  ÝÔ€X‚( XXXÔÔ€ÝF  XX‚(ÔÓ  Óò òÔ Ad ÔFILEDÔ€X‚( X ÝFÔÐ  ÐÌJune€18,€1999ÌÌCecil€W.€CrowsonÌAppellate€Court€ClerkÔdAhÔó ó,c½¬AZ‹"Arial Regular ™Ý ƒ üÝ$Ýà  àòòÚ  Ú5Ú  ÚóóÝ  ÝAssume€for€example€that€the€decedent€died€owning€a€piece€of€real€property€with€a€fairÐ ° Ðmarket€value€of€$200,000.00.€€At€the€time€of€the€decedentððs€death,€however,€this€property€wasÏsubject€to€secured€debt€totaling€$50,000.00.€€Under€the€interpretation€of€the€ð ðsubject€toÏdispositionðð€language€espoused€by€the€Co„Executors€and€the€Children,€this€property€would€beÏincluded€in€the€decedentððs€net€estate€only€to€the€extent€of€the€decedentððs€equity€in€the€property€orÏ$150,000.00.€€The€current€version€of€section€31„4„101(b),€which€shares€the€same€ð ðsubject€toÏdispositionðð€language€as€the€statute€that€is€applicable€to€the€case€at€bar,€further€provides€for€aÏreduction€in€the€net€estate€equal€to€the€amount€of€the€decedentððs€secured€debts.€€Thus,€theÏ$150,000.00€in€the€decedentððs€net€estate€would€again€be€reduced€by€$50,000.00.€€Because€we€doÏnot€think€this€was€the€result€intended€by€the€drafters€of€section€31„4„101(b),€we€decline€toÏconstrue€the€ð ðsubject€to€dispositionðð€language€of€the€statute€in€the€manner€suggested€by€the€Co„¼Executors€and€the€Children. /Ý ƒ üÝ$Ýà  àòòÚ  Ú10Ú  ÚóóÝ  ÝIn€light€of€our€ruling,€we€are€compelled€to€offer€guidance€to€the€Co„Executors€regardingÐ ° Ðthe€proper€method€of€distributing€the€income€earned€by€the€intellectual€property€during€theÏadministration€of€the€Decedentððs€estate.€€The€Loeb€&€Loeb€appraisal€estimated€the€value€of€thisÏproperty€as€it€existed€in€June€of€1995.€€Thus,€any€income€generated€by€the€Decedentððs€intellectualÏproperty€between€the€Decedentððs€date€of€death€and€June€of€1995€should€be€distributed€in€theÏsame€manner€as€all€other€income€received€by€the€estate.€€Any€income€earned€by€the€intellectualÏproperty€after€June€of€1995,€however,€should€be€set€aside€and€ultimately€distributed€to€theÏrecipient€of€the€Decedentððs€intellectual€property€rights.€€€ dƒLevel 1Level 2Level 3Level 4Level 5(3¯$¢¢Ý ƒ!ÝÝ  Ý(3¯$££Ý ƒ!ÝÝ  Ý($$””ò òÚ  Ú1Ú  Úó ó(('÷ÿ dxdüÿP Pd 'ÿÿdxdÝ ƒ!ÝÝ  ÝÑTR[¤ AØ'ÿ Legal3Ø' AØ'ÿ Legalÿ3Ø'TÑÓ'°,X°À”X°œX'Óò òà@O O ìàIN€THE€COURT€OF€APPEALS€OF€TENNESSEE,€ˆÐ ° Ðà@áá$ìàAT€NASHVILLE€ó óˆÐ œì ÐÌñâñßt€)>.*jxÙþÇ` `€€@E¡;` 8ttxPÙtð Ç tßñâñà@. . ìà_______________________________________________________ˆÌñÖñÌÌÌÌÌÌñÖññâññ×ñßr€)<,(j 8` `€€@EÈë ` 8ttxPè ð  rßñ×ññâñÌà À à)Ìò òIN€RE:€ESTATE€OF€HAROLD€L.ó óà À à)à  àSumner€County€ChanceryÐ À  Ðò òJENKINS,€Deceasedó óà À à)à  àProbate€Court€No.€93P„30Ð °  Ðà À à)Ìà À à)Ìà À à)à  àC.A.€No.€01A01„9804„PB„00223Ð xÈ Ðà À à)Ì______________________________________________________________________________ÌÌFrom€the€Chancery€Probate€Court€of€Sumner€County€at€Gallatin.Ìò òHonorable€Tom€E.€Gray,€Chancellor€ó óÐ d ÐÌÌò òTimothy€L.€Warnockó ó,€Ð Ø( ÐBOWEN,€RILEY,€WARNOCK€&€JACOBSON,€PLC,€Nashville,€TennesseeÌò òMichael€D.€Sontagó ó,Ð ´ ÐBASS,€BERRY€&€SIMS,€PLC,€Nashville,€TennesseeÌAttorneys€for€Appellant€Dolores€Henry€Jenkins.ÌÌÌò òCharles€W.€McElroyó ó,Ð T!¤ ÐWHITE€&€REASOR,€Nashville,€TennesseeÌò òBrenda€Rhoton€Littleó ó,Ð 0#€! ÐPARKER€&€CROFFORD,€Nashville,€TennesseeÌAttorneys€for€Appellees/Cross€Appellants€Joni€L.€Jenkins€and€Kathy€A.€Jenkins.ÌÌò òÌDenty€Cheathamó ó,Ð Ð' #& Ðò òRose€Palermoó ó,Ð À($' ÐCHEATHAM€&€PALERMO,€Nashville,€TennesseeÌAttorneys€for€Appellee€Co„Executors€of€the€Estate€Of€Harold€L.€Jenkins,€Deceased,€Hugh€C.ÏCarden€and€Donald€W.€Garis.ÌÌò òÌJimmy€Harold€Jenkinsó ó,€Pro€SeÐ L.œ)- Ðò òMichael€Lloyd€Jenkinsó ó,€Pro€SeÐ