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BnB)‹D3´açâûÎÝv~«vÓ)˜HP LaserJet 4SiHPPCL5MS,ü,,,,,ü0nLHÎ(ÈhH  Z ‹6Times New Roman RegularX($¡¡ D E F G H£IJKÓ€WZB\J#lic3|xZ((3üÝ$¤¤Ý ƒ!ÝÝ  Ýà  àòòÚ  Ú0Ú  Úóó(#Ã$òòÚ  Ú0Ú  Úóó2 ÿÿ0Indent1Ô2ÔÔ3  Ô\2" ÿÿ0Indent2à0 àÔ2ÔÔ3  Ô2, ÿÿ0Indent3à0 àà0 àÔ2ÔÔ3  Ô26 ÿÿ0Indent4à0 àà0 àà0 àÔ2ÔÔ3  Ô 2@ ÿÿ0Indent5à0 àà0 àà0 àà0 àÔ2ÔÔ3  Ô2J ÿÿ0Indent6à0 àà0 àà0 àà0 àà0 àÔ2ÔÔ3  Ô2T ÿÿ0Indent7à0 àà0 àà0 àà0 àà0 àà0 àÔ2ÔÔ3  Ô2^ ÿÿ0Indent8à0 àà0 àà0 àà0 àà0 àà0 àà0 àÔ2ÔÔ3  Ô  ÿÿ?AGMSYaioIndent0I.A.1.a.(1)(a)i)a)P ÿÿ8Mac DefaultMac DefaultÓ ` °šXÓ d("ÿÿ$££Ò  ÒÒ  Ò'ÿÿdxd< Œ 9p`(&Times New Roman% Line 7 d####7Border 1dd* $Cþÿ << Gÿÿ< Œ 9p`(Arial üÝ ƒ!ÝÔ€"ÔÝ  ÝÝ ƒ+"ÝÝ  ÝÔ€&ÔÔ€&ÔÓ  ÓÔ YYY ÔFILEDÔ€&XÔÌÌò òDecember€4,€1997ÌÌCecil€Crowson,€Jr.ÌÔ€&ôÔAppellate€Court€Clerkó ó*+ ,-Cþÿ<< CÿÿƒLevel 1Level 2Level 3Level 4Level 5(3¯$¢¢Ý ƒ!ÝÝ  Ý($$””ò òÚ  Ú1Ú  Úó ó..'÷ÿ dxdüÿP Pd% Line 8 d////'ÿÿddTABLE_A ØÝ ƒ!ÝÔ€"ÔÝ  ÝÝ ƒ $Ýà àòòÚ  ÚÚ  ÚóóÝ  ÝThe€Husbandððs€brother€was€the€head€of€the€companyððs€other€major€division,€the€furnitureÏdivision.€€Ì ÄÝ ƒ!ÝÔ€"ÔÝ  ÝÝ ƒ $Ýà àòòÚ  ÚÚ  ÚóóÝ  ÝGeneral€Appliance€had€retained€earnings€of€$650,083€in€1979€and€$2,194,807€in€1996.€€ÌPtPtHHÚ(ÿáÿâùFG(üHHØ(d'`Styl{WP}01•ÃÃÃÃÃÃÃÃÃÃÃÃÃÃÃÃÃÃà Ãà Ãà Ãà Ãà ÃÃÃÃÃÃÃÃÃÃÃÐ ÐÐHHÐÐ  ÐÐ2ÐÐÿÿ¸æ$ÿÐÐHHÐÐÐÐÐÐÐÐ  ÐÐ ÐÐ ÐÑÑÑGenevaÑÑ ÑÑ € ÑÑ<Px–ÈÑÒÒÒ443!#4ÒÒ$ *$ÒÒ$*$ÒÒ ÿKK ÒÒ  Geneva ÒÒ  Geneva ÒÓ.,ÓÓÓÓ6ÓÓ ÓßßßßßßßßßßßßßßßßßßÑGenevaÑÑ ÑÒ  ion-F Geneva ÒÒ  ion-F Geneva ÒÝ ƒ!ÝÔ . ÔÔ€"ÔÝ  ÝÓ` Ü` p”XÓò òÑ\R AØ'\ÑÞ ÞÌà@ àIN€THE€COURT€OF€APPEALS€OF€TENNESSEE,€WESTERN€SECTIONÌà@ àAT€JACKSONó óÌÌà@ à_______________________________________________________ÌÌà à)ÌÙ€*Ùò òßR€%'$A1-j|VÎ` Å `€€@ÿRßJANICE€BLALOCK€YATESó ó,à à)à àDyer€County€Chancery€CourtÌà à)à àNo.€96„C„60Ì€€€€€Plaintiff/Appellee.à à)Ìà à)ÌVS.à à)à àC.A.€No.€02A01„9706„CH„00122Ìà à)Ìò òWILLIAM€MARK€YATESó ó,à à)Ìà à)Ì€€€€€Defendant/Appellant.à à)Ìà à)Ì______________________________________________________________________________ÌÌFrom€the€Chancery€Court€of€Dyer€County€at€Dyersburg.Ìò òHonorable€William€B.€Acree,€Jr.,€Judge€ó óÌÌÌÌò òDouglas€W.€Wilkersonó ó,Ìò òW.€Lewis€Jenkins,€Jr.ó ó,ÌWILKERSON€GAULDIN€&€HAYES,€Dyersburg,€TennesseeÌAttorney€for€Defendant/Appellant.ÌÌÌò òThomas€H.€Strawnó ó,€KELLY,€MILLAR,€STRAWN€&€KELLYÌAttorney€for€Plaintiff/Appellee.ÌÌÌÌOPINION€FILED:ÌÌò òAFFIRMED€AND€REMANDEDó óÌÌÌà àò òFARMER,€J.ó óÌÌò òCRAWFORD,€P.J.,€W.S.ó ó:€(Concurs)Ìò òHIGHERS,€J.ó ó:€(Concurs)ÌÌÌÌÌÌÌÌÌÌÌÌÌÌÌÌÌÌÓ  ÓÓ` Ü` ˜XÓÓÓà àDefendant€William€Mark€Yates€(Husband)€appeals€the€final€divorce€decree€enteredÏby€the€trial€court€which€awarded€primary€physical€custody€of€the€partiesðð€minor€child€toÏPlaintiff/Appellee€Janice€Blalock€Yates€(Wife),€ordered€the€Husband€to€pay€child€support€andÏalimony€ò òòòin€solidoó óóó€to€the€Wife,€and€distributed€the€partiesðð€real€and€personal€property.€€We€affirm.ÌÌÔ&  Ôà@ àò òòòI.€€Factual€and€Procedural€Historyóóó óÌÌà àThe€parties€were€married€for€seventeen€years€and€had€one€child,€a€daughter.€ÏÔ'  ÔThroughout€the€marriage,€the€Husband,€who€had€a€B.S.€degree€from€the€University€of€TennesseeÏat€Knoxville,€worked€in€his€familyððs€furniture€and€appliance€business,€General€Appliance€andÏFurniture€Company,€located€in€Dyersburg.€€The€Husbandððs€father,€Billy€Yates,€had€been€theÏpresident€of€General€Appliance€for€almost€fifty€years.€€At€the€time€of€trial,€the€Husband€managedÏthe€companyððs€appliance€division.€€The€Husband,€also€a€General€Appliance€director,€owned€tenÏpercent€of€the€companyððs€stock.€€The€Husbandððs€average€income€for€the€three€years€prior€to€trialÏexceeded€$125,000.ÌÌà àThe€Wife,€on€the€other€hand,€had€a€high€school€education€and€worked€outside€theÏmarital€home€for€only€seven€years€of€the€partiesðð€seventeen„year€marriage.€€The€Wife€worked€atÏGeneral€Appliance€for€approximately€four€of€these€seven€years.€€Primarily,€the€Wife€served€as€theÏfamilyððs€homemaker€and€as€caretaker€of€the€partiesðð€child.€€The€Wife€also€supported€the€HusbandÏby€participating€in€General€Appliance€business€trips€and€social€functions.€€In€1995,€the€Wife€wasÏdiagnosed€with€chronic€fatigue€and€immune€dysfunction,€and€she€was€seeking€counseling€to€treatÏdepression€associated€with€this€illness.€€Despite€her€illness,€the€Wife€was€physically€capable€ofÏworking.€€Since€the€partiesðð€separation,€the€Wife€had€tried€to€find€employment€at€various€retailÍestablishments;€however,€the€Wife€had€been€offered€only€part„time,€minimum„wage€employment€atÏa€health€food€store.ÌÌà àIn€the€final€divorce€decree,€the€trial€court€awarded€the€parties€joint€custody€of€theirÏminor€daughter,€with€the€Wife€to€have€primary€physical€custody€of€the€child,€per€the€partiesððÏstipulation.€€The€trial€court€ordered€the€Husband€to€pay€child€support€in€the€amount€of€$1,559€perÏmonth€based€on€the€courtððs€finding€that€the€Husbandððs€gross€annual€income€was€$126,958.€€InÏcalculating€the€Husbandððs€gross€annual€income,€the€trial€court€included€bonuses€which€theÏHusband€had€received€the€previous€three€years€from€General€Appliance.€€These€bonuses€averagedÏ$45,000€per€year.€€The€trial€court€also€ordered€the€Husband€to€pay€alimony€ò òòòin€solidoó óóó€to€the€WifeÏin€the€amount€of€$150,000,€payable€in€monthly€installments€of€$1,000.€€The€trial€court€made€theÏfollowing€distribution€of€the€partiesðð€marital€property:€€ÌÌÔ*ƒ(0/1 dÔÔ, ddÔÔ,6 ddÔÔ,6 ddÔÔ+  ÔÐ  „„ÐÓ  Óò òASSETó óÐ  „„ÐÓ  Óò òWIFEó óÐ  „„ÐÓ  Óò òHUSBANDó óÐ  „„ÐÓ  ÓMarital€homeÐ  „„ÐÓ  Ó$€€105,000Ð  „„ÐÓ  ÓÐ  „„ÐÓ  ÓHousehold€furnitureÐ  „„ÐÓ  Ó$€€€€17,500Ð  „„ÐÓ  ÓÐ  „„ÐÓ  Ó1995€ToyotaÐ  „„ÐÓ  Ó$€€€€22,000Ð  „„ÐÓ  ÓÐ  „„ÐÓ  ÓGeneral€Appliance€notes€receivableÐ  „„ÐÓ  Ó$€€105,533Ð  „„ÐÓ  ÓÐ  „„ÐÓ  ÓOne„half€of€profit€sharing€accountÐ  „„ÐÓ  Ó$€€€€78,375Ð  „„ÐÓ  ÓÐ  „„ÐÓ  ÓSavings€accountÐ  „„ÐÓ  Ó$€€€€€€4,000Ð  „„ÐÓ  ÓÐ  „„ÐÓ  Ó1991€JeepÐ  „„ÐÓ  ÓÐ  „„ÐÓ  Ó$€€€€11,000Ð  „„ÐÓ  ÓOne„half€of€profit€sharing€accountÐ  „„ÐÓ  ÓÐ  „„ÐÓ  Ó$€€€€78,375Ð  „„ÐÓ  ÓIRA€accountÐ  „„ÐÓ  ÓÐ  „„ÐÓ  Ó$€€€€27,724Ð  „„ÐÓ  Ó137€shares€First€Citizen€BanksharesÐ  „„ÐÓ  ÓÐ  „„ÐÓ  Ó$€€€€€€6,028Ð  „„ÐÓ  ÓU.S.€savings€bondsÐ  „„ÐÓ  ÓÐ  „„ÐÓ  Ó$€€€€€€2,700Ð  „„ÐÓ  ÓGeneral€Appliance€stockÐ  „„ÐÓ  ÓÐ  „„ÐÓ  Ó$€€211,606Ð  „„ÐÓ  Óò òTOTAL€ASSET€VALUESó óÐ  „„ÐÓ  Ó$€€332,408Ð  „„ÐÓ  Ó$€€337,433Ð „„ÐÌÌà àOn€appeal€from€the€final€divorce€decree,€the€Husband€contends€that€the€trial€courtÏerred€(1)in€ruling€that€the€increase€in€value€of€the€Husbandððs€General€Appliance€stock€was€maritalÏproperty;€(2)in€valuing€the€increase€in€value€of€the€Husbandððs€General€Appliance€stock;€(3)inÏincluding€the€Husbandððs€previous€bonus€income€in€calculating€the€Husbandððs€gross€income€forÏpurposes€of€determining€child€support;€(4)in€ruling€that€the€marital€home,€which€was€titled€in€theÏHusbandððs€name,€constituted€marital€property;€and€(5)in€awarding€the€Wife€alimony€for€a€periodÏof€twelve€and€one„half€years.ÌÌÔ&  Ôà@ àò òòòII.€€The€General€Appliance€Stockó óóóÌÌà àWe€first€conclude€that€the€trial€court€properly€ruled€that€the€increase€in€value€of€theÔ'  ÔÏHusbandððs€General€Appliance€stock€was€marital€property.€€Inasmuch€as€the€Husband€received€theÏGeneral€Appliance€stock€prior€to€the€partiesðð€marriage,€the€stock€was€the€Husbandððs€separateÏproperty.€€T.C.A.€ðð36„4„121(b)(2)(A)€(1996).€€Any€increase€in€value€of€the€stock€during€theÏpartiesðð€marriage,€however,€constituted€marital€property,€provided€each€party€substantiallyÏcontributed€to€the€preservation€and€appreciation€of€the€stock.€€T.C.A.€ðð36„4„121(b)(1)(B)€(1996).ÌÌà àAs€this€court€observed€in€ò òòòBrownv.€Brownó óóó,€913€S.W.2d€163€(Tenn.€App.Ï1994),ÌÌÓÓþÓà8 àà àDetermining€whether€a€spouse€has€made€a€substantialÏcontribution€to€the€preservation€and€appreciation€of€the€otherÏspouseððs€separate€property€is€a€question€of€fact.€€ò òòòSherrillv.ÏSherrilló óóó,€831€S.W.2d€293,€295€(Tenn.€Ct.€App.€1992).€€As€aÏresult€of€a€1987€amendment€to€the€property€division€statute,Ïsubstantial€contributions€are€not€limited€to€direct€contributions€butÏalso€include€indirect€contributions€such€as€those€as€a€ð ðhomemaker,Ïwage€earner,€parent€or€family€financial€manager.ðð€€Tenn.€Code€Ann.Ïðð36„4„121(b)(1)(C).€€In€order€to€be€substantial,€a€spouseððsÏcontributions€must€be€real€and€significant.€€They€need€not,€however,Ïbe€monetarily€commensurate€to€the€appreciation€in€the€separateÏpropertyððs€value,€nor€must€they€relate€directly€to€the€separateÏproperty€at€issue.€€ò òòòMahaffeyv.€Mahaffeyó óóó,€775€Ô&  ÔS.W.2d€618,Ï623€(Tenn.€Ct.€App.€1989).ÌÌÓ¥ýÓÌò òòòBrownó óóó,€913€S.W.2d€at€167€(footnote€omitted).Ô'  ÔÌÌà àApplying€the€foregoing€standard,€we€conclude€that€the€preponderance€of€theÏevidence€supports€the€trial€courtððs€finding€that€the€Wife€substantially€contributed€to€the€preservationÏand€appreciation€of€the€Husbandððs€General€Appliance€stock.€€The€Wife€worked€as€a€bank€tellerÏearly€in€the€partiesðð€marriage€but€left€this€position€when€she€experienced€complications€with€herÏpregnancy.€€The€Wife€did€not€work€outside€the€home€when€the€partiesðð€child€was€young.€€DuringÏthis€time,€and€throughout€the€marriage,€she€was€the€childððs€primary€care€giver€and€the€familyððsÏhomemaker.€€Moreover,€the€Wife€made€other,€more€direct€contributions€to€General€Appliance.€€TheÏWife€worked€at€General€Appliance€for€approximately€four€years€during€the€partiesðð€marriage,€threeÏof€those€years€as€manager€of€the€businessððs€video€rental€operation.€€The€Wife€also€accompanied€theÏHusband€on€business€trips,€attended€company€dinners€and€meetings,€and€helped€to€organizeÏcompany€social€functions,€such€as€a€Chamber€of€Commerce€dinner€and€an€employee€anniversaryÏparty.€€Several€times€per€year,€the€Wife€baby„sat€her€brother„in„lawððs€daughter€so€that€her€brother„in„law,€the€Husbandððs€brother,€could€travel€on€company„related€business.€€We€conclude€that,Ïwhen€considered€together,€the€Wifeððs€direct€and€indirect€contributions€to€General€ApplianceÏconstitute€a€substantial€contribution€to€the€preservation€and€appreciation€of€the€Husbandððs€stock.€Ïò òòòSeeó óóó€ò òòòWadev.€Wadeó óóó,€897€S.W.2d€702,€714„15€(Tenn.€App.€1994).ÌÌà àWe€further€conclude€that€the€evidence€supports€the€trial€courtððs€finding€that€theÏHusband€himself€substantially€contributed€to€the€preservation€and€appreciation€of€his€stock€inÏGeneral€Appliance.€€Although€the€Husband€and€his€father€attempted€to€convince€the€trial€court€thatÏthe€Husbandððs€father€was€solely€responsible€for€any€increase€in€value€in€the€General€ApplianceÏstock,€the€trial€court,€in€its€discretion,€rejected€this€testimony.€€ò òòòSeeó óóó€òòò òHudson€v.€Cappsó óóó,€651ÏS.W.2d€243,€246€(Tenn.€App.€1983)€(when€conflict€in€testimony€requires€trial€court€to€makeÏdetermination€regarding€credibility€of€witnesses,€such€determination€is€binding€on€appellate€courtÏunless€from€other€real€evidence€appellate€court€is€compelled€to€conclude€to€contrary).€€The€evidenceÏindicated€that€the€Husband€had€worked€at€General€Appliance,€a€closely„held,€family„ownedÏcorporation,€since€his€graduation€from€the€University€of€Tennessee.€€By€the€time€of€trial,€theÏHusband€was€a€company€director€and€head€of€its€appliance€division.× ƒ2 ××  ×€€The€Husband€wasÏresponsible€for€determining€what€appliances€the€company€bought€each€year,€purchasing€theÏappliances,€and€then€selling€them€to€customers.€€The€trial€courtððs€finding€was€further€supported€byÏthe€testimony€of€the€companyððs€certified€public€accountant,€who€stated€that€the€Husbandððs€fatherððsÏparticipation€in€the€company€had€ð ðslacked€offðð€the€preceding€year.€€ÌÌà àIn€holding€that€the€trial€court€properly€found€the€increase€in€value€of€the€HusbandððsÏGeneral€Appliance€stock€to€be€marital€property,€we€distinguish€the€present€case€from€the€cases€citedÏby€the€Husband,€ò òòòSherrillv.€Sherrilló óóó,€831€S.W.2d€293€(Tenn.€App.€1992),€and€ò òòòHarrisonv.ÏHarrisonó óóó,€912€S.W.2d€124€(Tenn.€1995).€€In€ò òòòSherrilló óóó,€this€court€affirmed€the€trial€courtððsÏfinding€that€the€husbandððs€150,000€shares€of€Krystal€Company€stock€constituted€non„maritalÏproperty€where€the€evidence€showed€that€the€husbandððs€job€performance€had,€if€any,€a€negativeÏinfluence€upon€the€increase€in€value€of€the€stock.€€ò òòòSherrilló óóó,€831€S.W.2d€at€294„95.€€InÏò òòòHarrisonó óóó,€the€supreme€court€held€that€a€125„acre€farm€constituted€non„marital€property€where€theÏevidence€showed€that€the€appreciation€in€value€of€the€property€was€due€solely€to€the€construction€ofÍan€interstate€across€the€farm€rather€than€the€activities€of€either€party.€€ò òòòHarrisonó óóó,€912€S.W.2d€atÏ126„27.€€In€contrast,€the€evidence€in€the€present€case€demonstrated€that€the€Husband€served€as€aÏmanager€and€director€of€General€Appliance€during€the€period€in€question,€and€the€trial€court€wasÏjustified€in€finding€that€these€activities€substantially€contributed€to€the€preservation€and€appreciationÏof€the€stock.ÌÌà àAs€for€the€trial€courtððs€valuation€of€the€increase€in€value€of€the€stock,€the€HusbandÏcontends€that€the€trial€court€erred€in€rejecting€the€testimony€of€his€expert,€Richard€Johnson,€as€toÏthe€fair€market€value€of€the€stock.€€In€ò òòòBlasingamev.€American€Materials,€Inc.ó óóó,€654ÏS.W.2d€659,€666€(Tenn.€1983),€our€supreme€court€recognized€three€methods€for€determining€theÏvalue€of€a€corporation:€€(1)the€market€value€method;€(2)the€asset€value€method;€and€(3)theÏearnings€value€or€capitalization€of€earnings€method.€€In€initially€valuing€the€stock,€Johnson,€aÏcertified€public€accountant,€essentially€considered€the€latter€two€methods,€the€net€asset€valueÏmethod€and€the€capitalization€of€earnings€method.€€ò òòòSee,€e.g.ó óóó,€ò òòòElk€Yarn€Millsv.€514€SharesÏof€Common€Stockó óóó,€742€S.W.2d€638,€641„44€(Tenn.€App.€1987).€€After€considering€aÏweighted€combination€of€these€two€methods,€Johnson€arrived€at€an€adjusted€value€for€theÏHusbandððs€stock,€which€represented€ten€percent€of€General€Applianceððs€stock.€€Johnson€testifiedÏthat€the€adjusted€value€of€the€stock€was€$42,096€in€1979€and€$253,703€at€the€time€of€trial,€for€anÏincrease€in€the€stockððs€value€of€$211,607.€€Johnson€then€arrived€at€the€fair€market€value€of€theÏstock€by€taking€the€adjusted€value€of€the€stock€and€making€certain€discounts€for€the€stockððs€lack€ofÏmarketability,€the€Husbandððs€minority€interest€in€the€company,€and€the€imminent€retirement€of€theÏHusbandððs€father,€all€factors€which€Johnson€testified€would€negatively€affect€the€stockððs€marketÏvalue.€€In€Johnsonððs€opinion,€the€fair€market€value€of€the€stock€in€1979€when€the€HusbandÏreceived€the€stock€was€$14,734,€and€the€fair€market€value€of€the€stock€at€the€time€of€trial€wasÏ$63,426,€for€an€increase€in€value€of€$48,692.€€ÌÌà àIn€its€final€order,€the€trial€court€found€the€increase€in€value€of€the€stock€to€beÍ$211,606,€the€same€as€the€increase€in€the€stockððs€adjusted€value.€€In€so€finding,€the€trial€courtÏspecifically€rejected€Johnsonððs€testimony€as€to€the€discounts€he€took€in€arriving€at€the€stockððs€fairÏmarket€value.€€The€Husband€now€contends€that€this€was€error.ÌÌà àThe€trial€court,€in€its€discretion,€was€free€to€place€a€value€on€the€partiesðð€maritalÏassets,€including€the€Husbandððs€General€Appliance€stock,€as€long€as€such€value€was€within€theÏrange€of€competent€evidence€submitted.€€ò òòòWallacev.€Wallaceó óóó,€733€S.W.2d€102,€107€(Tenn.ÏApp.€1987).€€In€this€case,€the€trial€courtððs€finding€that€the€increase€in€value€of€the€Husbandððs€stockÏwas€$211,606€was€within€the€range€of€the€evidence€presented€at€trial.€€Moreover,€our€review€ofÏTennessee€case€law€in€this€area€convinces€us€that€the€trial€court€was€justified€in€rejecting€JohnsonððsÏtestimony€as€to€the€fair€market€value€of€the€stock.€€By€definition,€the€fair€market€value€of€aÏcorporationððs€stock€is€ð ðthe€price€at€which€the€stock€could€be€sold€if€both€a€willing€seller€and€aÏwilling€buyer€existed.ðð€€ò òòòGenesco,€Inc.v.€Scolaroó óóó,€871€S.W.2d€487,€490€(Tenn.€App.€1993);Ïò òòòsee€alsoó óóó€ò òòòWallaceó óóó,€733€S.W.2d€at€107.€€This€court€previously€has€held€that€the€market€valueÏmethod€is€an€improper€method€for€determining€the€value€of€the€stock€of€a€closely„held€corporation,Ïinasmuch€as€such€stock€is€rarely€traded€and€there€is€no€established€market€for€the€stock.€€ò òòòWallaceó óóó,Ï733€S.W.2d€at€107.€€Thus,€in€the€valuation€of€stock€of€a€closely„held€corporation,€the€market€valueÏmethod€should€be€given€little€weight,€if€any.€€ò òòòElk€Yarn€Millsó óóó,€742€S.W.2d€at€641.ÌÌà àIn€accordance€with€the€foregoing€authorities,€we€conclude€that€the€trial€court€did€notÏerr€in€rejecting€Johnsonððs€testimony€as€to€the€fair€market€value€of€the€Husbandððs€General€ApplianceÏstock.€€The€evidence€showed€that€General€Appliance€was€a€closely„held€corporation€and€that€thereÏwas€no€established€market€for€its€stock.€€Inasmuch€as€the€market€value€method€should€have€beenÏgiven€little,€if€any,€weight€in€the€valuation€of€the€Husbandððs€stock,€the€trial€court€properly€selectedÏa€valuation€which€emphasized€the€latter€two€methods€of€valuation,€the€net€asset€value€method€andÏthe€capitalization€of€earnings€method.€€ò òòòSeeó óóó€ò òòòGenesco,€Inc.v.€Scolaroó óóó,€871€S.W.2d€487,€491Ï(Tenn.€App.€1993)€(noting€that,€ð ð[w]ith€no€established€market€the€question€simply€is€one€ofÍfinding€what€part€of€the€company„„€its€assets€and€its€potential€for€earning€a€return„„€is€representedÏby€each€fraction€of€the€companyððs€ownershipðð).€€A€valuation€which€emphasized€the€net€asset€valueÏmethod€was€particularly€appropriate€in€this€case€because€of€General€Applianceððs€established€patternÏof€accumulating€earnings€over€the€years.€€ò òòòSeeó óóó€ò òòòElk€Yarn€Millsó óóó,€742€S.W.2d€at€643.× ƒ3 ××  ×€€ÌÌÔ&  Ôà@ àò òòòIII.€€The€Husbandððs€Bonus€Incomeóóó óÌÌà àWe€likewise€affirm€the€trial€courtððs€decision€to€include€the€Husbandððs€bonus€incomeÔ'  ÔÏfrom€previous€years€in€the€Husbandððs€gross€income€for€purposes€of€determining€child€support.€€InÏentering€its€initial€child€support€order,€the€trial€court€was€required€to€calculate€the€Husbandððs€childÏsupport€obligation€using€the€Husbandððs€average€income€over€the€past€two€years.€€ò òòòSeeó óóóÏò òòòMayfieldv.€Mayfieldó óóó,€No.01A01„9611„CV„00501,€1997€WL€210826,€at€*6€(Tenn.€App.ÏApr.30,€1997);€Tenn.€Comp.€R.€&€Regs.€ch.€1240„2„4„.04(e)€(amended€1994).€€Under€the€ChildÏSupport€Guidelines,€this€average€amount€is€presumed€to€be€correct€unless€it€is€rebutted€by€eitherÏparty.€€ò òòòIdó óóó.ÌÌà àIn€the€present€case,€the€Husband€attempted€to€rebut€this€presumption€by€testifyingÏthat,€although€he€received€bonuses€averaging€$45,000€for€the€years€1993,€1994,€and€1995,€he€didÏnot€receive€a€bonus€for€the€year€1996.€€Again,€however,€we€consider€this€to€be€a€credibility€issueÏwhich€the€trial€court€was€in€the€best€position€to€determine.€€ò òòòSeeó óóó€òòò òHudson€v.€Cappsó óóó,€651€S.W.2dÏ243,€246€(Tenn.€App.€1983).€€The€evidence€demonstrated€that€the€Husband€had€received€thisÏbonus€for€the€past€three€years€and,€with€the€exception€of€1996,€there€was€no€evidence€that€theÏHusband€would€not€receive€similar€bonuses€in€the€future.€€Accordingly,€we€conclude€that€the€trialÏcourt€did€not€err€in€including€these€bonuses€in€the€Husbandððs€gross€income€for€purposes€ofÏdetermining€the€Husbandððs€child€support€obligation.ÌÌÔ&  Ôà@ àò òòòIV.€€The€Marital€Homeóóó óÌÌà àInasmuch€as€the€trial€court€was€in€the€best€position€to€judge€the€credibility€of€theÔ'  ÔÏwitnesses,€we€also€affirm€the€trial€courtððs€ruling€that€the€entire€value€of€the€marital€home€constitutedÏmarital€property.€€The€Wife€believed€that€the€marital€home€was€titled€in€the€names€of€both€partiesÏwhen€it€was€purchased€in€1980.€€During€these€divorce€proceedings,€however,€the€Wife€learned€thatÏthe€home€was€titled€in€the€Husbandððs€name€only.€€ÌÌà àThe€resolution€of€this€issue€turned€on€the€testimony€of€the€Husband€and€theÏHusbandððs€father€as€to€whether€$55,000€in€cash€gifts€made€by€the€Husbandððs€parents€wereÏintended€as€gifts€to€both€parties€or€to€the€Husband€only.€€Although€the€Husbandððs€father€testifiedÏthat€the€gifts€were€for€the€Husband€only,€certain€evidence€in€the€record€suggested€otherwise.€€EvenÏthe€fatherððs€testimony€on€this€issue€was€equivocal.€€For€example,€regarding€$15,000€given€as€aÏdown€payment€on€the€marital€home,€the€Husbandððs€father€gave€the€following€testimony:ÌÌÓÓþÓà8 àQà àNow,€when€Mark€[the€Husband],€your€son,€and€Janice€[theÏWife]€bought€a€home€on€Lake€Road€you€and€[your]€wife€gave€òòò òthemó óóóÏ$15,000„„ÌÌà8 àAà àYes,€sir.ÌÌà8 àQà à„„to€Mark€to€help€òòò òthemó óóó€do€that,€didnððt€you?ÌÌà8 àAà àYes,€sir.€€(emphasis€supplied).€€ÌÌÓ¥ýÓÌà àThe€Husbandððs€father€and€mother€made€an€additional€gift€in€1990€when€theyÏcredited€$40,000€against€the€note€on€the€house,€thereby€eliminating€most€of€the€debt€on€the€home.€ÏAgain,€the€Husbandððs€father€testified€that€the€$40,000€gift€was€to€the€Husband€only;€however,€thisÏamount€was€consistent€with€a€finding€that€this€was€a€gift€to€both€of€the€parties.€€The€HusbandððsÏfather€acknowledged€that€he€was€aware€that€he€and€the€Husbandððs€mother€could€each€give€$10,000Ïto€each€of€the€parties€(for€a€payment€to€each€party€of€$20,000€and€a€total€payment€of€$40,000)Íwithout€paying€any€gift€tax€on€the€gifts.€€Despite€this€knowledge,€the€Husbandððs€father€was€ð ðnotÏsureðð€whether€he€filed€a€gift€tax€return€on€the€additional€$20,000€gift.€€The€trial€court€found€that€heÏhad€not.€ÌÌà àMoreover,€we€note€that,€when€questioned€at€trial,€the€Husband€was€unable€toÏexplain€why€he€titled€the€marital€home€in€his€name€alone:ÌÌÓÓþÓà8 àQà à...€€Now,€the€$15,000€was€given€to€you€when?ÌÌà8 àA.à àWhen€ò òòòweó óóó€bought„„€as€a€down€payment€on€the€house.ÌÌà8 àQà àOkay.ÌÌà8 àAà àWhenever€the€house€was€executed,€when€it€became€myÏproperty.ÌÌà8 à....ÌÌà8 àQà àOkay.€€Now,€in€November€of€1980,€was€there€any€specialÏreason€why€you€put€that€house€in€your€name€alone?ÌÌà8 àAà àNo,€sir.ÌÌà8 àQà àWell,€why€did€you€do€that€then?€€Iððm€just€curious.ÌÌà8 àAà àI€donððt€know.€€(emphasis€supplied).€€ÌÌÓ¥ýÓÌAfter€carefully€reviewing€the€testimony€of€the€witnesses,€we€conclude€that€the€evidence€does€notÏpreponderate€against€the€trial€courtððs€finding€that€the€gifts€toward€the€marital€home€were€intended€toÏbe€gifts€to€both€parties.ÌÌÔ&  Ôà@ àò òòòV.€€The€Alimony€Awardóóó óÌÌà àFinally,€we€affirm€the€trial€courtððs€decision€to€award€the€Wife€alimony€ò òòòin€solidoó óóó€inÔ'  ÔÏthe€amount€of€$150,000,€payable€in€monthly€installments€of€$1000.€€The€trial€court€has€broadÏdiscretion€in€determining€whether€to€award€alimony.€€ò òòòLoydv.€Loydó óóó,€860€S.W.2d€409,€412Í(Tenn.€App.€1993).€€Here,€the€parties€stipulated€that€the€Wife€was€entitled€to€an€award€of€alimonyÏò òòòin€solidoó óóó€but€merely€disagreed€as€to€the€amount€of€alimony€to€be€awarded.€€In€deciding€theÏamount€of€alimony€to€be€awarded€in€this€case,€the€trial€court€was€required€to€consider€the€followingÏfactors:ÌÌÓÓþÓà8 àà à(A)à àThe€relative€earning€capacity,€obligations,€needs,€andÏfinancial€resources€of€each€party,€including€income€from€pension,Ïprofit€sharing€or€retirement€plans€and€all€other€sources;ÌÌà8 àà à(B)à àThe€relative€education€and€training€of€each€party,€theÏability€and€opportunity€of€each€party€to€secure€such€education€andÏtraining,€and€the€necessity€of€a€party€to€secure€further€education€andÏtraining€to€improve€such€partyððs€earning€capacity€to€a€reasonableÏlevel;ÌÌà8 àà à(C)à àThe€duration€of€the€marriage;ÌÌà8 àà à(D)à àThe€age€and€mental€condition€of€each€party;ÌÌà8 àà à(E)à àThe€physical€condition€of€each€party,€including,€butÏnot€limited€to,€physical€disability€or€incapacity€due€to€a€chronicÏdebilitating€disease;ÌÌà8 àà à(F)à àThe€extent€to€which€it€would€be€undesirable€for€aÏparty€to€seek€employment€outside€the€home€because€such€party€willÏbe€custodian€of€a€minor€child€of€the€marriage;ÌÌà8 àà à(G)à àThe€separate€assets€of€each€party,€both€real€andÏpersonal,€tangible€and€intangible;ÌÌà8 àà à(H)à àThe€provisions€made€with€regard€to€the€maritalÏproperty€as€defined€in€ðð36„4„121;ÌÌà8 àà à(I)à àThe€standard€of€living€of€the€parties€establishedÏduring€the€marriage;ÌÌà8 àà à(J)à àThe€extent€to€which€each€party€has€made€suchÏtangible€and€intangible€contributions€to€the€marriage€as€monetary€andÏhomemaker€contributions,€and€tangible€and€intangible€contributionsÏby€a€party€to€the€education,€training€or€increased€earning€power€ofÏthe€other€party;ÌÌà8 àà à(K)à àThe€relative€fault€of€the€parties€in€cases€where€theÏcourt,€in€its€discretion,€deems€it€appropriate€to€do€so;€andÌÌà8 àà à(L)à àSuch€other€factors,€including€the€tax€consequences€toÏeach€party,€as€are€necessary€to€consider€the€equities€between€theÏparties.ÌÌÓ¥ýÓÌT.C.A.€ðð36„5„101(d)(1)€(1996).€€Of€these€factors,€need€and€the€ability€to€pay€are€the€most€critical.€Ïò òòòLoydó óóó,€860€S.W.2d€at€412.ÌÌà àAn€application€of€the€foregoing€factors€reveals€that€the€Wife€has€the€need,€and€theÏHusband€has€the€ability€to€pay,€alimony€in€the€amount€awarded€by€the€trial€court.€€Specifically,€theÏtrial€court€found€that:ÌÌÓÓþÓà8 àThe€wife€(plaintiff)€is€50€years€old€and€has€a€high€school€education.€ÏDuring€the€17€years€of€marriage,€the€wife€worked€for€about€sevenÏyears€but€has€not€worked€in€several€years.€€Part€of€the€time,€sheÏworked€for€the€General€Appliance€and€Furniture€Company,€Inc.€ÏThe€jobs€which€she€has€held€have€been€low€paying€jobs,€and€sheÏhas€no€special€skills€or€training.€€The€wife€testified€that€she€hasÏchronic€health€problems€including€a€chronic€fatigue€syndrome€andÏdepression.€€There€is€no€evidence€in€the€record€that€these€conditionsÏwill€prohibit€her€from€holding€some€type€of€employment.ÌÌà8 àà àThe€husband€is€43€years€of€age€and€has€a€college€education.€ÏSince€his€graduation€from€college,€he€has€been€employed€by€GeneralÏAppliances€and€Furniture€Company,€Inc.,€a€family€owned€business.€ÏThe€husband€is€in€good€health.ÌÌÓ¥ýÓÌThe€trial€court€further€found€that€the€Husbandððs€average€annual€income€was€$126,958,€an€amountÏmore€than€sufficient€to€pay€the€$1000€per€month€alimony€awarded€by€the€court.€€Based€on€theseÏfindings,€we€conclude€that€the€trial€court€did€not€abuse€its€discretion€in€awarding€the€Wife€alimonyÏò òòòin€solidoó óóó€in€the€total€amount€of€$150,000.€€ò òòòSee,€e.g.ó óóó,€ò òòòDoverv.€Doveró óóó,€821€S.W.2d€593,Ï594€(Tenn.€App.€1991)€(affirming€award€of€periodic€alimony€to€wife€in€amount€of€$3,000€perÏmonth€and€alimony€ò òòòin€solidoó óóó€of€$100,000€where€husbandððs€annual€income€was€$450,000,Ïwifeððs€earning€capacity€was€$24,000,€and€wife€worked€part„time€throughout€marriage€whileÏrearing€partiesðð€two€children).ÌÌÔ&  Ôà@ àò òòòVI.€€Attorneyððs€Fees€and€Conclusionó óóóÌÌà àThe€Wife€has€requested€an€award€of€her€attorneyððs€fees€incurred€on€this€appeal.€Ô'  Ô€WeÏnote€that€the€trial€court€denied€the€Wifeððs€request€for€attorneyððs€fees€below€based€on€the€courtððsÏfinding€that€the€Wife€was€awarded€sufficient€assets€with€which€to€pay€her€own€attorney.€€In€light€ofÏthis€finding,€we€similarly€decline€to€award€the€Wife€any€attorneyððs€fees€incurred€on€this€appeal.€Ïòòò òSeeó óóó€òòò òIngram€v.€Ingramó óóó,€721€S.W.2d€262,€264€(Tenn.€App.€1986).ÌÌà àThe€final€divorce€decree€entered€by€the€trial€court€is€affirmed.€€Costs€of€this€appealÏare€taxed€to€the€Husband,€for€which€execution€may€issue€if€necessary.ÌÌÓÓþÓà àà àà àà àà àà à____________________________________Ìà àà àà àà àà àà àFARMER,€J.à àà àÌÌÌÌ______________________________ÌCRAWFORD,€P.J.,€W.S.€(Concurs)ÌÌÌÌ______________________________ÌHIGHERS,€J.€(Concurs)