Tankersley v. Tankersley

MILLER, Justice:

This is an appeal by Richie Calvin Tank-ersley, the plaintiff below, from a final divorce decree entered in the Circuit Court of Wyoming County. The defendant below is Debra Rosemary Tankersley. The central issue in this case is how to determine the value of a marital asset, a funeral home operated by a closely held corporation owned by Mr. Tankersley.

Mr. Tankersley contends that the trial court erred in deducting only one debt from the $325,000 market value of the business. *629This debt was for $170,000, which was the amount owed to the former owner of the funeral home. Mr.…