                    IN THE COURT OF APPEALS OF TENNESSEE

                         EASTERN SECTION AT KNOXVILLE              FILED
                                                                      May 13, 1997

                                                                  Cecil Crowson, Jr.
                                                                   Appellate C ourt Clerk


CURTIS EUGENE BUNCH,                       )       ROANE GENERAL SESSIONS
                                           )
        Plaintiff/Appellee                 )       NO. 03A01-9609-GS-00301
                                           )
v.                                         )       HON. THOMAS A. AUSTIN
                                           )       JUDGE
SYNDIE TARENE MURPHY BUNCH,                )
                                           )       AFFIRMED in part;
        Defendant/Appellant                )       REVERSED in part, and
                                           )       REMANDED




Charles H. Child and Wade H. Boswell, II, Knoxville, for Appellant.
Browder G. Williams, Harriman, for Appellee.


                                      OPINION

                                                   INMAN, Senior Judge

        The issues propounded by Wife, the appellant, are (1) whether the marital assets

were properly apportioned, (2) whether she was entitled to alimony, (3) whether she was

entitled to attorney fees, and (4) whether child support was properly determined.

        Our review is de novo on the record, accompanied by a presumption that the

findings of fact of the trial court are correct unless the evidence otherwise

preponderates. RULE 13(d), TENN. R. APP. P. There is no presumption of correctness

with regard to the trial court's determination of questions of law. NCNB v. Thrailkill, 856

S.W.2d 250, 153 (Tenn. App. 1993).

        These parties were married in 1977. They have two children, ages 16 and 11 at

the time of the trial. Wife is 37 and husband is 40 years of age. At an earlier time in her

history Wife suffered a debilitating mental illness, but she had fully recovered at the time

of trial.

        The marital asset with which we are chiefly concerned is a boat business known

as Bunch Marine, a going concern established by Husband’s grandfather, which he

purchased in 1980 for $13,000.00. This business is a sole proprietorship, with three
employees. Boat sales constitute the bulk of his business, and substantially all of his

net profits. The evidence reflects that without Husband the business would founder.

       Wife assisted with bookkeeping chores until late 1984, although she was

employed full-time at Union Carbide. The evidence reflects that she complained volubly

about doing the books, and since 1984 had no contact with the business. Although she

protests that she was ‘supportive’ of Husband’s business efforts, the weight of the

evidence is somewhat to the contrary, a point that requires no further elucidation.

       Steve Parsons, a CPA, testified that the value of the net estate was $50,000.00,

the tangible assets had a value as of December 1995 of $154,000.00, and the

intangible asset [good will] had a value of $54,800.00.

       Another CPA, Steve Harb, was called to testify about the current value of Bunch

Marine, but he declined to state an opinion of the overall value of the business. The trial

court found the value of the business to be $104,000.00. In light of the testimony of

Husband that he thought Bunch Marine inclusive of the real estate had a market value

of $163,000.00, and the testimony of Husband’s expert that he valued the business at

$209,000.00, it appears evident that the valuation found by the Court is not supported

by the preponderance of the evidence. Barnhill v. Barnhill, 826 S.W.2d 423 (Tenn. App.

1991). There was considerable evidence of so-called good will value offered which may

have contributed to the somewhat confusing testimony as to asset values. Good will is

a nebulous concept at best, and upon consideration of the sole proprietorship nature of

Bunch Marine we cannot fault the trial court for refusing to include any amount for good

will in determining the value of the business. See, Koch v. Koch, 874 S.W.2d 571

(Tenn. App. 1993). But the values of assets as found must be within the range of the

values proved by opinion testimony. Wallace v. Wallace, 733 S.W.2d 102 (Tenn. App.

1987). Husband argues that the trial judge was justified in making a determination of

values as of the date of the separation of the parties, since Wife made no contribution

after that time. Without addressing the correctness of this assertion, we are of the

opinion that Bunch Marine should have been valued, for marital asset purposes, at

$165,000.00.




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       The issues of alimony and attorney fees will be jointly considered.              Wife

complains of the refusal of the trial court to award her alimony, notwithstanding that she

earns $35,000.00. annually from Union Carbide in addition to significant perquisites.

She argues that her monthly expenses are more than $1,200.00 in excess of disposable

income; we have examined her statement of expenses and suffice to say that we agree

with the trial court that “this is not a case for alimony,” which is essentially discretionary

in any event. Lancaster v. Lancaster, 671 S.W.2d 501(Tenn. App. 1984). Attorney fees

are a part of alimony, and we agree with the trial judge that each party should pay his

own attorney. Loyd v. Loyd, 860 S.W.2d 409 (Tenn. App. 1993).

       Husband was directed to pay $1,200.00 per month child support, which assumes

gross income of $5,300.00 monthly. Wife says this amount does not comport with the

Guidelines, since Husband’s average gross monthly income is $5,900.00. We know of

no reason why the most recent two years of income derived from self-employment may

not be utilized, and on this basis suffice to state that Wife cannot justifiably complain of

the award.

       Except for the adjustment in the marital asset value of Bunch Marine, the

judgment is affirmed. We conclude that a remand to the trial court for the purpose of

redetermining the apportionment of marital assets is a more provident procedure, and

the case is accordingly remanded. Costs on appeal are assessed to the parties evenly.


                                            __________________________________
                                            William H. Inman, Senior Judge

CONCUR:



_______________________________
Houston M. Goddard, Presiding Judge



_______________________________
Charles D. Susano, Jr., Judge




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