Smith v. Smith

OPINION

CANTRELL, Judge.

The chief complaint in this appeal is of the failure of the Trial Judge to treat the husband’s law practice as a marital asset. For the reasons set forth below, we hold that a law practice may be a marital asset but that the value placed on it does not include the professional good will of the firm.

The parties married in 1952. The two children born of the marriage have reached the age of majority. The husband, licensed as an attorney in 1956, is a thirty percent partner in a Murfreesboro law firm in which his father was a partner before him. Mr. Smith’s income from the…