WPC  3V!L Z+z5FPmR<7Q4z|#}{96Mkb Ajzeu,,&#sbU8CH_añ#tnLs4i~+ ?xəjE$ҦMW^PbMf4ggU&7skZΝ ˂wui 9:r܇yiDID>Cj_vIA ׾6)z|D3 Lၫ|$'uM6Bk q]zE ܎6YKB~Q=DU52E[ Qly "qt *wԳIr& rX]t.Үfo#ѱfXaD e)65Oɽ\95V A-Uh p#jHX*# LU:W % 0(b w@4 .6LU:OOOOOOOOOOOOOOOOOOOO AQ 0D 0D 0D( ( D/l B B D3 HP LaserJet 4SiHPPCL5MS,,,,,,0nLh,  AZ"Arial RegularX($- -  PD PDӀօ#%3|x  X  ""   X?XXX pX X?   Ad FILED X?X p  October14,1998CecilW.CrowsonAppellateCourtClerkdAh ,cAZ"Arial Regular!"#$&C<< CLevel 1Level 2Level 3Level 4Level 5(3$ !  (3$ !  ($$   1  ((' dxd dP Pd'''''dxd !  TR[A' Legal3'A' Legal3'T7?XXdd7    #XX   /Vr )<,(j 8` `@E ` 8ttxP,  rt )>.*jx ` `@E` 8ttxP3L tߛ@  INTHECOURTOFAPPEALSOFTENNESSEE@(ATNASHVILLE X?X#Ԉ  CAROLYNVIRGINIAWALLACE,  )     0      8   ) Plaintiff/Appellee,   8   )    0      8   )  AppealNo. zr    0      8   )  01A019712CC00751 `X  МVS.  0      8   ) F>    0      8   )  DavidsonCircuit ,$    0      8   )  No.96D248   МRANDELEUGENEWALLACE, 8   )   @      H!  #      0      8   ) Defendant/Appellant. 8   )  @ APPEALEDFROMTHECIRCUITCOURTOFDAVIDSONCOUNTY@#ATNASHVILLE,TENNESSEE@ THEHONORABLEMARIETTAM.SHIPLEY,JUDGELOUISER.FONTECCHIOBRUCE,WEATHERS,CORLEY,̀DUGHMAN&LYLE2075FirstAmericanCenter315DeaderickStreetNashville,Tennessee372382075 AttorneyforPlaintiff/AppelleeW.A.MOODYMOODY,WHITFIELD&CASTELLARIN95WhiteBridgeRoad,Suite509Nashville,Tennessee37205 AttorneyforDefendant/Appellant@$AFFIRMEDANDREMANDED  0      8     BENH.CANTRELL,JUDGECONCUR:KOCH,J.CAIN,J. NXX?@tt(OPINION X?XNԈ ;x4: Ї  0 ThiscaseinvolvesthevalueofaCPAfirmincludedinthemaritalassets.Thetrialjudgefoundthevaluetobe$140,000.Weaffirm.@- I.  l d   0 Amongotherassetsthepartieshadaccumulatedduringtheirmarriagewasanaccountingfirmthatstartedasthewifesbookkeepingbusinessinthelate1970's.Husband,aCPAandateacheratNashvilleTech,begantogetinvolvedanddotaxworkforhiswifesclients.Atfirstthepartiesworkedoutoftheirhome,butbythetimeofthedivorcetheyworkedoutofanofficebuildingonWhiteBridgeRoad.Thehusbandwasbythentheprimarysourceoftheprofessionalservicesrenderedtotheclients.  0 InNovemberof1994thehusbandpurchasedanotheraccountingfirmsclientlistandofficeassetsforapproximately$100,000.InDecemberof1995hefiledafinancialstatementwiththebankshowingthevalueofhisfirmat$260,000.Hetestifiedinthedivorcehearingthatthepersonalpropertyinthebusinesswasworth$64,900andthattheaccountsreceivableamountedto$40,000.Thewifetestifiedthatin1995thehusbandwasconsideringsellingthebusinessandthathevalueditatbetween$310,000and$350,000.Thetrialjudgefoundthatthefirmwasamaritalassetandvalueditat$140,000.̜ /VX  @- II.  4,2   /VX   5.4  /VX    0 WedecidedinSmithv.Smith,709S.W.2d588(Tenn.App.1985)that  thegoodwillofasmalllawfirmwasnotpartofthemaritalproperty.Itcannotbesold /VX  separatelyfromthebusiness,anditisextremelyhardtoevaluate.   0 Thehusbandinthiscaseinsiststhatthesameruleappliestohisbusinessandthatthetrialjudgesfindingofthevalueofthebusinessfordivisionasmartialpropertyincludedalargeportionofthefirmsgoodwill.WeagreethattheruleinSmithv.Smithapplieshere.Butwecannotagreethatthevaluefoundbythetrial  judgeincludedthefirmsgoodwill.TherecordshowsthatthehusbandhadanongoingbusinesswhichhemanagedwiththehelpofthreeorfourotheremployeeswhileteachingfulltimeatNashvilleTech.In1995hepurchasedanotherfirmsclientlistandothertangibleassetsforapproximately$100,000.Thepersonalpropertyandaccountsreceivableamountedtoapproximately$105,000atthetimeofthedivorce.Thereisevidenceintherecordthatafirmsuchasthisonewouldsellforapproximatelytheamountofitsgrossreceiptsforoneyear.Inthiscasethefirmwasaveragingaround$250,000ingrossreceiptseachyear.  0 Withproofshowingtangibleassetsof$105,000andamarketvalueincludingitsgoodwillof$250,000,thetrialjudgechosetovaluethefirmat$140,000.Wethinkthefindingissupportedbytherecordandthatitdoesnotincludegoodwill.  0 ThejudgmentofthetrialcourtisaffirmedandthecauseisremandedtotheCircuitCourtofDavidsonCountyforanyfurtherproceedingsnecessary.Taxthecostsonappealtotheappellant.̛̜  0      8     ____________________________  0      8     BENH.CANTRELL,JUDGE x