Deborah R. Chase v. Christopher W. Chase

                                                                                               12/09/2022
                IN THE COURT OF APPEALS OF TENNESSEE
                           AT KNOXVILLE
                                  August 16, 2022 Session

             DEBORAH R. CHASE v. CHRISTOPHER W. CHASE

                  Appeal from the Circuit Court for Hamilton County
                  No. 19-D-1205            L. Marie Williams, Judge
                       ___________________________________

                            No. E2021-01300-COA-R3-CV
                        ___________________________________


This appeal involves matters of alimony and valuation of marital property upon the
divorce of the parties, who were married for twenty-four years. Following its valuation
of certain marital assets, the trial court distributed the parties’ substantial marital assets in
near-equal shares. The trial court awarded to the wife rehabilitative alimony and alimony
in futuro based on its determinations that the wife had demonstrated a need for alimony
and that the husband had the ability to pay. The husband has appealed. Discerning no
reversible error, we affirm the trial court’s spousal support award in its entirety. We also
affirm the trial court’s value placed on the husband’s medical practice. Exercising our
discretion, we decline to award attorney’s fees to the wife on appeal.


        Tenn. R. App. P. 3 Appeal as of Right; Judgment of the Circuit Court
                             Affirmed; Case Remanded

THOMAS R. FRIERSON, II, J., delivered the opinion of the court, in which JOHN W.
MCCLARTY and KRISTI M. DAVIS, JJ., joined.

John P. Konvalinka and Lawson Konvalinka, Chattanooga, Tennessee, for the appellant,
Christopher W. Chase.

Glenna M. Ramer, Chattanooga, Tennessee, for the appellee, Deborah R. Chase.
                                       OPINION

                         I. Factual and Procedural Background

       The plaintiff, Deborah R. Chase (“Wife”), filed a complaint for divorce against
Christopher W. Chase (“Husband”), in the Hamilton County Circuit Court (“trial court”)
on July 2, 2019. Wife sought a divorce based upon irreconcilable differences or, in the
alternative, inappropriate marital conduct. Wife stated that although two children had
been born of the marriage, those two children were now adults. Wife further averred that
the parties had accumulated marital assets requiring equitable division by the trial court.
Wife sought entry of a divorce, an award of alimony, an equitable distribution of marital
assets and liabilities, and an award of attorney’s fees. Husband filed an answer and a
counter-complaint for divorce on August 14, 2019.

       On August 14, 2020, the parties filed stipulations stating that (1) they had been
married since May 18, 1996; (2) they “should be divorced”; and (3) the issues for
adjudication by the trial court related solely to the type and amount of alimony to be
awarded and the appropriate valuation and distribution of certain marital assets. The
parties also filed various asset/liability and income/expense statements.

       The trial court conducted a bench trial spanning August 25 and 26, 2020. On
September 28, 2020, the trial court entered an order declaring the parties divorced
pursuant to Tennessee Code Annotated § 36-4-129. In this order, the court reserved all
other issues, directing the parties to attend a telephonic status conference to discuss
submitting proposed findings of fact to the court. Wife submitted proposed findings of
fact and conclusions of law on October 16, 2020, and Husband filed proposed findings of
fact and conclusions of law on October 19, 2020.

      On January 29, 2021, the trial court entered a memorandum opinion. In its
opinion, the trial court found that the parties had accumulated significant assets during
the marriage, resulting in issues concerning both the value of those assets and how they
should be equitably distributed. The court further indicated that Wife had requested an
award of alimony in futuro.

       The trial court made several findings regarding the marriage. Wife and Husband
were fifty-two years of age and fifty-six years of age, respectively, at the time of the
hearing. The parties had been married for twenty-four years, and their two children were
adults. As the court noted, each party “acknowledge[d] the other party is and has been an
involved and effective parent.”

       The trial court further observed that Wife held a doctorate in pharmacy and had
maintained her licensure up to the time of trial. Wife was employed as a pharmacist
during the early years of the parties’ marriage and initially earned a greater salary than
                                           -2-
Husband. According to the court’s findings, following completion of Husband’s plastic
surgery residency and his employment with a plastic surgery practice in Chattanooga, the
parties agreed that Wife would be a stay-at-home mother for the parties’ children and that
she would also assist her mother in tending to the needs of her father and disabled twin
brother. Wife therefore assumed primary responsibility for the children’s daily needs and
activities.

       According to the trial court, following her years of being home with the children,
Wife determined that she held no interest in returning to work as a pharmacist, a career
that she had not enjoyed. She instead longed to pursue more artistic and creative pursuits
that she had developed while raising the children. As such, Wife aspired to attend the
Savannah College of Art and Design (“SCAD”) or a comparable institution. Wife also
reported suffering from “degenerative cervical spine with neuroforaminal narrowing,”
Raynaud’s disease, and osteoarthritis. Although no doctor had recommended that Wife
limit her activities, Wife believed that her conditions prevented her from returning to a
career as a pharmacist by reason of the physical strain that employment caused.

        Husband continued to work as a plastic surgeon. By the time of trial, Husband
was the sole surgeon in his practice and had experienced great financial success. He
earned an annual income ranging from $592,748.00 to $1,090,675.00 in recent years.
Although Husband reported that the 2020 pandemic had effected a decrease in his
income, the trial court concluded that no evidence existed that such decrease would be
permanent. Husband also earned rental income of approximately $100,000.00 per year.
The court therefore determined that it would be appropriate to average Husband’s income
for the years 2017-2020 for purposes of determining his ability to pay spousal support.

        The trial court also determined that although Wife was unemployed at the time of
trial, she maintained an earning capacity. The court found that Wife was “intelligent,
well spoken, well educated, talented, and logical.” Moreover, the court found that Wife
could earn minimum wage without further education and that her earning capacity could
be increased with additional education or training. The court noted the testimony of
Husband’s witness, Dr. William Wray, who opined that Wife could earn an annual salary
of $110,000.00 to $140,000.00 based solely on her credentials and Dr. Wray’s internet
research regarding prevailing pharmacist salaries in the area. Nonetheless, Dr. Wray
acknowledged that he had neither interviewed Wife nor considered her physical
limitations.

       The trial court placed values on the items of marital property for which the parties
had not stipulated a value. Specifically, the court valued the property at 3404 Navajo
Drive, the location of Husband’s professional practice, at $725,000.00 and valued the 304
Anderson Cabin Road property at $225,000.00. With regard to Husband’s medical
practice, Associates in Plastic & Reconstructive Surgery, P.C. (“APRS”), the court
indicated that Husband had valued APRS at $110,000.00 while Wife had valued APRS at
                                           -3-
$350,000.00 predicated on the testimony of their competing expert witnesses. With
respect to the expert opinions, the court determined, inter alia, that Wife’s expert had
greater experience and that his valuation was more credible considering his methodology
used. The court ultimately valued the medical practice at $255,000.00. The court
equitably divided the marital assets as delineated in an attached chart.

        Respecting alimony, the trial court determined that Wife had demonstrated a need
for alimony and that Husband maintained the ability to pay. Concerning the type of
spousal support appropriate under the circumstances, the court found that Wife would
experience a monthly shortfall of $11,460.68, which was reasonable and “consistent with
the lifestyle the parties have established.” The court further found that Husband earned
$49,783.40 gross income per month and that after tax deductions and his Roth IRA
deduction, he would enjoy cash flow of $25,496.77 per month, thus establishing his
ability to pay spousal support.

       Following its consideration of the appropriate statutory factors, the trial court
awarded to Wife rehabilitative alimony in the amount of $1,600.00 per month for three
years in order to afford Wife the opportunity to attend art school and improve her earning
capacity. The court also awarded to Wife $7,000.00 per month in alimony in futuro. In
support, the court noted that Husband’s earning potential historically had been greater
and should return to that level following the pandemic.

        Wife filed a motion to alter or amend on April 28, 2021. On April 30, 2021, the
trial court entered its order incorporating the alimony and marital property distribution
determinations. Husband likewise filed a motion to alter or amend on May 20, 2021.

        On October 15, 2021, the trial court entered an order concerning the competing
motions to alter or amend, announcing the parties’ agreement to resolve the motions
without prejudice to their respective appeal rights. The parties agreed, inter alia, to
slightly amend the marital property distribution in order to “equalize” it. Husband then
timely appealed.

                                  II. Issues Presented

       Husband presents the following issues for this Court’s review, which we have
restated slightly:

      1.     Whether the trial court erred by awarding spousal support when
             Wife allegedly failed to demonstrate a need for alimony because she
             was awarded a substantial amount of marital property and had
             sufficient earning capacity.


                                          -4-
      2.     If Wife demonstrated a need, whether the trial court erred in
             awarding rehabilitative alimony and alimony in futuro rather than a
             brief term of transitional alimony.

      3.     Whether the trial court erred in its valuation of Husband’s medical
             practice.

Wife presents the following additional issue, which we have also restated:

      4.     Whether Wife is entitled to an award of attorney’s fees incurred in
             defending against this appeal.

                                 III. Standard of Review

      Related to awards of spousal support, our Supreme Court has “repeatedly . . .
observ[ed] that trial courts have broad discretion to determine whether spousal support is
needed and, if so, the nature, amount, and duration of the award.” Gonsewski v.
Gonsewski, 

 (Tenn. 2011). The High Court has further explained:

      [A] trial court’s decision regarding spousal support is factually driven and
      involves the careful balancing of many factors. Kinard v. Kinard, 

 (Tenn. Ct. App. 1998); see also Burlew [v. Burlew], 40
      S.W.3d [465,] 470 [(Tenn. 2004)]; Robertson v. Robertson, 

 (Tenn. 2002). As a result, “[a]ppellate courts are generally
      disinclined to second-guess a trial judge’s spousal support decision.”
      Kinard, 

. Rather, “[t]he role of an appellate court in
      reviewing an award of spousal support is to determine whether the trial
      court applied the correct legal standard and reached a decision that is not
      clearly unreasonable.” Broadbent v. Broadbent, 

      (Tenn. 2006). Appellate courts decline to second-guess a trial court’s
      decision absent an abuse of discretion. Robertson, 

. An
      abuse of discretion occurs when the trial court causes an injustice by
      applying an incorrect legal standard, reaches an illogical result, resolves the
      case on a clearly erroneous assessment of the evidence, or relies on
      reasoning that causes an injustice. Wright ex rel. Wright v. Wright, 

 (Tenn. 2011); Henderson v. SAIA, Inc., 

 (Tenn. 2010). This standard does not permit an appellate court to
      substitute its judgment for that of the trial court, but “‘reflects an awareness
      that the decision being reviewed involved a choice among several
      acceptable alternatives,’ and thus ‘envisions a less rigorous review of the
      lower court’s decision and a decreased likelihood that the decision will be
      reversed on appeal.’” Henderson, 

 (quoting Lee
      Medical, Inc. v. Beecher, 

 (Tenn. 2010)).
                                            -5-
       Consequently, when reviewing a discretionary decision by the trial court,
       such as an alimony determination, the appellate court should presume that
       the decision is correct and should review the evidence in the light most
       favorable to the decision. Wright, 

; Henderson, 

.

Id. at 105-06 (footnotes omitted).

       With respect to a trial court’s valuation of marital assets, this Court has elucidated:

               The valuation of a marital asset is a question of fact. It is determined
       by considering all relevant evidence, and each party bears the burden of
       bringing forth competent evidence. See Wallace v. Wallace, 

 (Tenn. Ct. App. 1987). If the evidence of value is conflicting, the
       trial judge may assign a value that is within the range of values supported
       by the evidence. See Ray v. Ray, 

 (Tenn. Ct. App.
       1995); Wallace v. Wallace, 

. On appeal, we presume the
       trial judge’s factual determinations are correct unless the evidence
       preponderates against them. See Jahn v. Jahn, 

 (Tenn.
       Ct. App. 1996).

Kinard v. Kinard, 

 (Tenn. Ct. App. 1998).

                                       IV. Alimony

       Husband posits that the trial court erred by awarding alimony to Wife, who
allegedly failed to demonstrate a need for spousal support because she was awarded a
substantial amount of marital property and enjoyed sufficient earning capacity as a
pharmacist. Husband specifically argues that because Wife received $1,986,245.46 in
marital assets plus $102,775.00 in separate assets, the trial court should have considered
the income that she would receive from those assets in determining her need, rather than
simply looking at her earning capacity. Also, with respect to Wife’s earning potential,
Husband urges that the trial court abused its discretion by imputing a reduced income to
Wife based on her “desire to pursue less lucrative employment.”

      Our statutory scheme regarding awards of alimony, provided in Tennessee Code
Annotated § 36-5-121 (Supp. 2022), states in pertinent part:

       (c)(1) Spouses have traditionally strengthened the family unit through
              private arrangements whereby one (1) spouse focuses on nurturing
              the personal side of the marriage, including the care and nurturing of
              the children, while the other spouse focuses primarily on building
              the economic strength of the family unit. This arrangement often
                                           -6-
      results in economic detriment to the spouse who subordinated such
      spouse’s own personal career for the benefit of the marriage. It is
      the public policy of this state to encourage and support marriage, and
      to encourage family arrangements that provide for the rearing of
      healthy and productive children who will become healthy and
      productive citizens of our state.

(2)   The general assembly finds that the contributions to the marriage as
      homemaker or parent are of equal dignity and importance as
      economic contributions to the marriage. Further, where one (1)
      spouse suffers economic detriment for the benefit of the marriage,
      the general assembly finds that the economically disadvantaged
      spouse’s standard of living after the divorce should be reasonably
      comparable to the standard of living enjoyed during the marriage or
      to the post-divorce standard of living expected to be available to the
      other spouse, considering the relevant statutory factors and the
      equities between the parties.

(d)(1) The court may award rehabilitative alimony, alimony in futuro, also
       known as periodic alimony, transitional alimony, or alimony in
       solido, also known as lump sum alimony or a combination of these,
       as provided in this subsection (d).

(2)   It is the intent of the general assembly that a spouse, who is
      economically disadvantaged relative to the other spouse, be
      rehabilitated, whenever possible, by the granting of an order for
      payment of rehabilitative alimony. . . .

(3)   Where there is relative economic disadvantage and rehabilitation is
      not feasible, in consideration of all relevant factors, including those
      set out in subsection (i), the court may grant an order for payment of
      support and maintenance on a long-term basis or until death or
      remarriage of the recipient, except as otherwise provided in
      subdivision (f)(2)(B).

(4)   An award of alimony in futuro may be made, either in addition to an
      award of rehabilitative alimony, where a spouse may be only
      partially rehabilitated, or instead of an award of rehabilitative
      alimony, where rehabilitation is not feasible. Transitional alimony is
      awarded when the court finds that rehabilitation is not necessary, but
      the economically disadvantaged spouse needs assistance to adjust to
      the economic consequences of a divorce, legal separation or other

                                   -7-
      proceeding where spousal support may be awarded, such as a
      petition for an order of protection.

(5)   Alimony in solido may be awarded in lieu of or in addition to any
      other alimony award, in order to provide support, including attorney
      fees, where appropriate.

(e)(1) Rehabilitative alimony is a separate class of spousal support, as
       distinguished from alimony in solido, alimony in futuro, and
       transitional alimony. To be rehabilitated means to achieve, with
       reasonable effort, an earning capacity that will permit the
       economically disadvantaged spouse’s standard of living after the
       divorce to be reasonably comparable to the standard of living
       enjoyed during the marriage, or to the post-divorce standard of living
       expected to be available to the other spouse, considering the relevant
       statutory factors and the equities between the parties.

***

(f)(1) Alimony in futuro, also known as periodic alimony, is a payment of
       support and maintenance on a long term basis or until death or
       remarriage of the recipient. Such alimony may be awarded when the
       court finds that there is relative economic disadvantage and that
       rehabilitation is not feasible . . . .

***

(g)(1) Transitional alimony means a sum of money payable by one (1) party
       to, or on behalf of, the other party for a determinate period of time.
       Transitional alimony is awarded when the court finds that
       rehabilitation is not necessary, but the economically disadvantaged
       spouse needs assistance to adjust to the economic consequences of a
       divorce, legal separation or other proceeding where spousal support
       may be awarded, such as a petition for an order of protection.

***

(i)   In determining whether the granting of an order for payment of
      support and maintenance to a party is appropriate, and in
      determining the nature, amount, length of term, and manner of
      payment, the court shall consider all relevant factors, including:


                                    -8-
(1)    The relative earning capacity, obligations, needs, and
       financial resources of each party, including income
       from pension, profit sharing or retirement plans and all
       other sources;

(2)    The relative education and training of each party, the
       ability and opportunity of each party to secure such
       education and training, and the necessity of a party to
       secure further education and training to improve such
       party’s earnings capacity to a reasonable level;

(3)    The duration of the marriage;

(4)    The age and mental condition of each party;

(5)    The physical condition of each party, including, but
       not limited to, physical disability or incapacity due to a
       chronic debilitating disease;

(6)    The extent to which it would be undesirable for a party
       to seek employment outside the home, because such
       party will be custodian of a minor child of the
       marriage;

(7)    The separate assets of each party, both real and
       personal, tangible and intangible;

(8)    The provisions made with regard to the marital
       property, as defined in § 36-4-121;

(9)    The standard of living of the parties established during
       the marriage;

(10)   The extent to which each party has made such tangible
       and intangible contributions to the marriage as
       monetary and homemaker contributions, and tangible
       and intangible contributions by a party to the
       education, training or increased earning power of the
       other party;

(11)   The relative fault of the parties, in cases where the
       court, in its discretion, deems it appropriate to do so;
       and
                               -9-
             (12)   Such other factors, including the tax consequences to
                    each party, as are necessary to consider the equities
                    between the parties.

      As our Supreme Court has elucidated, “[a]lthough each of these factors must be
considered when relevant to the parties’ circumstances, ‘the two that are considered the
most important are the disadvantaged spouse’s need and the obligor spouse’s ability to
pay.’” Gonsewski, 

 (quoting Riggs v. Riggs, 

(Tenn. Ct. App. 2007)). Moreover, this Court has confirmed that when “considering
these two factors, the primary consideration is the disadvantaged spouse’s need.”
Murdock v. Murdock, No. W2019-00979-COA-R3-CV, 

, at *14 (Tenn.
Ct. App. Mar. 2, 2022).

       On this issue, the trial court determined that Wife should be imputed income at the
time of trial of $30,000.00 annually and had demonstrated a need for alimony. The court
further determined that Husband maintained the ability to pay due to his significant
earnings. In analyzing the statutory factors, the court specifically stated:

             Decisions concerning alimony awards are dictated by the nature of
      the case and the circumstances of the parties. Arrangements made by
      spouses to divide the family responsibilities generally strengthen the family
      but this circumstance often results “ . . . in economic detriment to the
      spouse who subordinated such spouse’s personal career for the benefit of
      the marriage.” T.C.A § 36-5-121. [Husband] was responsible for the
      economic security of the family while [Wife] abandoned her career to focus
      on the personal side of the family. [Wife] did not enjoy her career and
      much preferred to subordinate her career for the benefit of the family.
      However, her contributions to the marriage are of equal dignity and
      importance as are the monetary contributions made by [Husband].

             It is the intent of the general assembly that “ . . . the economically
      disadvantaged spouse’s standard of living after the divorce should be
      reasonably comparable to the standard of living enjoyed during the
      marriage or to the post-divorce standard of living expected to be available
      to the other spouse, considering the relevant statutory factors and the
      equities between the parties.” T.C.A. § 36-5-121(c)(2).

             The analysis of any request for alimony is to be guided by T.C.A. §
      36-5-121. The first inquiry to be made in any alimony analysis is whether
      the person seeking alimony has a need to receive alimony and whether the
      person from whom alimony is sought has the ability to pay. The Court
      must determine in this case whether [Wife] is economically disadvantaged
                                         - 10 -
relative to [Husband]. Clearly she has no earned income at this time and he
has a significant income. The Court finds the threshold issue, when
analyzed, results in the conclusion that [Wife] does have a need for alimony
to meet the standard of living post-divorce anticipated by the statute.
[Husband] has an ability to pay alimony.

***

        [Wife] has not specifically made a claim for rehabilitative alimony
and has not outlined a plan whereby she can be rehabilitated. She has
testified she is interested in returning to school at Savannah College of Art
and Design to develop “the other side of her brain.” She mentioned a
business course of study. However, there was no evidence of a specific
additional training which would be necessary to rehabilitate her
economically. She holds a degree in Pharmacy and experience in that field.
The Court does find that she has significant earning potential but no earning
potential that approximates that of [Husband].

       The Court concludes the skill set which has resulted from her
academic training and her work as a Pharmacist, coupled with her skill set
as a homemaker encompass transferable skills. The Court declines to
accept the opinion of Dr. Wray about earning capacity as he did not
interview [Wife] and consider the impact of a pharmacy career on her
physical condition. When augmented by approximately 3 years of
additional training from an institution such as SCAD, it is reasonable to
believe she would earn approximately $50,000.00 a year. The Court finds,
accordingly, that a combined award of rehabilitative and alimony in futuro
is appropriate. Transitional alimony is not appropriate in this case.

        In making this analysis, the Court finds the earning capacity of
[Wife] currently is about $30,000.00 per year, whereas after continuing
education, would be approximately $50,000.00. Pharmacists may earn
substantially more but her absence from the work force diminishes her
earning capacity. Additionally, her election not to practice pharmacy is
reasonable in light of her physical condition. The Court finds her need as
articulated on her income and expense statement reasonable with the
exception that it should be adjusted to eliminate $2,306.00 expenses
incurred monthly on behalf of the children and to add health insurance of
$1,113.48. Accordingly, her monthly need is $11,460.68. Whereas this
may seem an excessive “need,” it is consistent with the lifestyle the parties
have established. Their lifestyle was financially conservative when viewed
in light of [Husband’s] income.

                                   - 11 -
              [Husband] has an average annual income of $789,000.00 from salary
      alone according to Shannon Farr and $951,000 in the opinion of Mike
      Costello. His range has been $65,750.00 to $79,250.00 per month. The
      COVID-19 pandemic has had a significant impact on his income.
      However, even accepting that his income is significantly compromised by
      COVID-19, he has a net income of $3,389.57 a month (according to EX
      31B, his amended income and expense statement). Clearly, he has an
      ability to pay. According to his income and expense statement, [Husband]
      has $49,783.40 gross income per month and after tax deductions and his
      Roth IRA deduction, he has a net cash flow of $25,496.77 per month. His
      monthly expenses include $4,000.00 in tuition for the children. He has
      other expenses paid on his behalf through the employer. His income and
      expense statement includes car expenses of $450.00 for his wife and
      children and $750.00 a month for counselling for his wife. Post-divorce
      these expenses will be eliminated.         His expenses largely are for
      maintenance of real property he is awarded in the divorce. Accordingly,
      after his expenses are paid, he has excess income from which he can make
      alimony payments.

             The assets held by the parties will generate some income. There is
      no fault to be considered in this case.

              Accordingly, the Court finds rehabilitative alimony in the amount of
      $1,600.00 per month shall be paid by [Husband] for 3 years. He
      additionally shall pay $7,000.00 per month alimony in futuro. The Court is
      well aware that his earning capacity is significantly greater historically than
      that established in this opinion and the Court, as most people, hopes this
      pandemic is concluded shortly and his earning capacity will return to its
      traditional levels, that [Wife] will have established her earning capability
      fully rehabilitated, and if necessary the Court can readdress the alimony
      issue in the future.

              There is no evidence of any Social Security benefits available to
      either spouse.

       The proof elicited at trial supports the trial court’s factual findings. Each party
respectively testified that Wife had worked as a pharmacist during the early years of the
marriage while Husband completed his surgical residency. Although the parties agreed
that they wanted to have children and that Wife would stay home with those children,
Husband asserted at trial that he expected Wife to return to work outside the home when
the children were older. Wife testified that Husband knew she did not enjoy her work as
a pharmacist. She further indicated that he had told her that she would not have to
continue that employment “forever” once he was able to “get settled” as a plastic
                                           - 12 -
surgeon. Husband acknowledged during his testimony that Wife had not enjoyed her
employment as a retail pharmacist.

        According to Wife, following a difficult conception involving in-vitro fertilization,
she became pregnant with twin girls. After Husband procured employment at a practice
in Chattanooga, the couple purchased the marital residence, and Wife left her
employment to stay at home with the children. Wife described those years as “very
busy,” with her caring for the parties’ children and assisting her mother in caring for
Wife’s ailing father and disabled brother. Wife acknowledged that although Husband
worked long hours, he helped care for the children and was an involved parent. Wife also
stated that she helped Husband with certain tasks related to his practice.

        Wife claimed that during the ensuing years after the children were born, Husband
never “bothered” her about returning to employment. Wife explained that she had been
able to enjoy more artistic pursuits during her years at home such that she desired to
attend an art/design school such as SCAD and learn how to market her artistic abilities
and develop a career in art or design. When questioned about her health, Wife explained
that she was currently taking medications for various conditions, such as high cholesterol,
underactive thyroid, tinnitus, and attention deficit disorder. In addition, she had been
diagnosed with Raynaud’s syndrome and had undergone carpal tunnel surgery for both
hands. Wife also testified that she suffered from osteoarthritis and degenerative issues in
her neck and back, which she reported would prevent her from standing for long periods
as required in the field of pharmacy. Related to her health concerns, Wife further
presented the deposition testimony of her rheumatologist, Dr. William Craig, who
confirmed that Wife suffered from degenerative disc disease, osteoarthritis, and
Raynaud’s syndrome. Despite these conditions, Dr. Craig stated that Wife maintained no
limitations on her activities.

        Husband declared during his testimony that he was not advancing the position that
he did not have the ability to pay alimony. The evidence demonstrated that Husband’s
income exceeded one million dollars per year prior to the pandemic. Although Husband
claimed that he had experienced a decrease in income during the early part of the
pandemic when his business was temporarily closed, he admitted that when his business
reopened, he experienced a backlog of cases and was very busy. Husband accordingly
testified that his 2020 year-to-date calculations demonstrated that he was earning
$43,583.00 per month plus $6,845.00 in rental income.

      Husband opined that Wife would benefit financially and socially from returning to
work and stated that he wanted to pay short-term alimony to “bridge the gap” while she
“got back on her feet.” Husband also projected that following the divorce, Wife would
probably have enough money for an “average person” to live. Husband acknowledged
that Wife was talented and artistic and that her artistic pursuits were her “passion.”

                                           - 13 -
       Husband presented the deposition testimony of his expert witness, Dr. Wray, a
licensed clinical psychologist and a certified disability consultant who performed
vocational assessments as part of his practice. Dr. Wray opined that Wife could “easily”
secure employment as a pharmacist. However, Dr. Wray acknowledged that he had
neither interviewed nor assessed Wife in any way. Instead, the expert had reviewed
Wife’s experience and credentials and had completed an internet search of available jobs.
Dr. Wray reported that his internet search had revealed a compensation rate of
$87,000.00 to $140,000.00 annually for pharmacists in the area.

                                      A. Wife’s Need

       With respect to the first statutory factor, the evidence demonstrated that Husband
maintained a significantly greater earning capacity than Wife. Husband’s earnings at the
time of trial averaged approximately $50,000.00 per month, and he had earned in excess
of one million dollars annually in 2017 and 2018 and $912,994.00 in 2019. Although
Husband testified that he had experienced a decrease in income during the pandemic
shutdown, by the time of trial Husband had reopened his practice to a backlog of
scheduled procedures. Husband also continued to receive substantial rental income from
various real properties.

       By contrast, Wife had not maintained employment outside the home for twenty
years by the time of trial. Although Wife had been employed as a retail pharmacist in the
1990s and had maintained her licensure since that time, the trial court declined to give
substantial weight to Dr. Wray’s opinion regarding Wife’s earning capacity as a
pharmacist because, inter alia, Dr. Wray had not considered “the impact of a pharmacy
career on [Wife’s] physical condition.”

        We agree with the trial court’s credibility determination. See Ingram v. Wasson,

 (Tenn. Ct. App. 2011) (noting that when witnesses do not testify
live at trial, the appellate court may make an independent assessment of the witnesses’
credibility because the appellate court is “in just as good a position as the trial court to
judge [their] credibility” (quoting Wells v. Tenn. Bd. of Regents, 

(Tenn. 1999))). Wife testified concerning numerous medical conditions from which she
suffered, including attention deficit disorder, degenerative disc disease, osteoarthritis, and
Raynaud’s syndrome. Although Wife did not claim to be unable to maintain any type of
employment, she specifically related that she felt she would be incapable of physically
performing the long periods of standing required of pharmacists. Dr. Wray had not
interviewed Wife and did not take her physical issues into consideration in rendering his
opinion.

       Nonetheless, Husband advances that Wife’s desire to pursue a different and
potentially less lucrative career outside of pharmacy would render her “voluntarily
underemployed.” As this Court has previously explained in a case involving alimony:
                                         - 14 -
      When called upon to determine whether a person is willfully and
      voluntarily unemployed or underemployed, the courts must consider the
      person’s past and present employment, as well as the reasons for the
      unemployment or the taking of a lower paying job. If the decision for
      unemployment or for taking a lower paying job is reasonable, the court will
      not find the person to be willfully and voluntarily underemployed.

Byrd v. Byrd, 

 (Tenn. Ct. App. 2005). Although the issue in Byrd
concerned whether the obligor spouse was voluntarily underemployed, we find its
reasoning equally applicable to the employment situation of the obligee spouse.

       Following our thorough review of the circumstances surrounding Wife’s decision
to seek employment outside the field of pharmacy, we agree with the trial court’s
determination that such decision was reasonable. As the trial court found, Wife suffers
from physical issues that impact her ability to perform the work of a pharmacist. See
Murdock, 

, at *18 (affirming the trial court’s award of alimony in futuro
based upon evidence that the wife’s medical conditions, including Post Traumatic Stress
Disorder and depression, prevented her from returning to work as an attorney “at the
present time”). In addition, Wife has been out of the workforce for twenty years, with
her most recent employment as a pharmacist occurring in the late 1990s in another state.
Wife has clearly suffered “economic detriment” “for the benefit of the parties’ marriage
by agreeing to be a stay-at-home parent for several years.” See Cain-Swope v. Swope,

 (Tenn. Ct. App. 2016) (determining that the obligee husband had
suffered economic detriment because the parties had agreed that the husband would be a
stay-at-home parent, which limited his “ability to begin or maintain a career”). Husband
presented no evidence, aside from Dr. Wray’s opinion that pharmacy jobs were generally
available in the area, to establish that Wife would be able to procure employment as a
pharmacist after such a lengthy hiatus. In addition, Husband’s argument that Wife should
be forced to return to employment that she cannot physically perform is equally
unavailing. We therefore decline to determine that Wife’s failure to return to
employment as a pharmacist would render her voluntarily underemployed.

       The trial court ultimately imputed income to Wife of $30,000.00 annually at the
time of trial and $50,000.00 annually following her pursuit of an art education. Wife
claimed that she would have post-divorce expenses of $12,653.20 per month; however,
the trial court deducted expenses related to the parties’ adult children and added the
monthly cost of health insurance, finding Wife’s reasonable monthly need to be
$11,460.68. The court determined that Wife’s needs were consistent with the parties’
comfortable marital standard of living, which the court found to have been somewhat
conservative given Husband’s lucrative career. The court further determined that Wife
possessed a skill set that if “augmented by approximately 3 years of additional training
from an institution such as SCAD, it is reasonable to believe that she would earn
                                          - 15 -
approximately $50,000.00 per year.” The court accordingly awarded to Wife $7,000.00
per month in alimony in futuro and $1,600.00 per month in rehabilitative alimony, for a
period of three years.1

       Husband contends that the trial court erred in granting any spousal support to Wife
because she was awarded sufficient assets in the trial court’s division of marital property
so as to generate income and offset her monthly shortfall. Upon review of the assets
awarded to Wife, we disagree. Because Husband desired to retain a majority of the
parties’ real property assets, a few of which generated rental income totaling
approximately $8,300.00 per month, Wife’s portion of the marital estate consisted largely
of investment and retirement funds. Wife did, however, receive cash and other more
liquid accounts totaling approximately $700,000.00, as well as fifty percent of the equity
in the marital residence upon its sale. From these funds, of course, Wife would also be
required to establish a new residence.

       Husband presented the testimony of a certified public and forensic accountant,
Shannon Farr, concerning Wife’s potential income stream from these assets. Ms. Farr
opined that Wife could obtain a five percent rate of return on the assets (the value of
which she had to estimate because the distribution had not yet occurred), and Husband
argues that this would yield to Wife potential income of $8,000.00 to $10,000.00 per
month, thereby obviating any need for alimony. However, Wife’s expert, certified public
and forensic accountant Michael Costello, stated that Wife would not receive a
significant income stream from the assets she received in the marital property
distribution. Mr. Costello also opined that a five percent rate of return could not be
achieved in the current market, as demonstrated by the fact that such a rate of return had
not been achieved by the parties in the past, according to the parties’ income tax returns.
Mr. Costello related that the parties had, in the past few years, reported interest and
dividends totaling approximately $5,000.00 per year at most.

       Inasmuch as the trial court found Wife to have no income stream at the time of
trial aside from imputed income, it appears that the court implicitly credited Mr.
Costello’s opinion on this matter. In general, the court afforded more weight to Mr.
Costello’s expert opinion. As this Court has previously explained:

       [T]he “weight of the theories and the resolution of legitimate but competing
       expert opinions are matters entrusted to the trier of fact.” Brown [v. Crown
       Equip. Corp.], 181 S.W.3d [268,] 275 [(Tenn. 2005)]. “Expert testimony is
       not conclusive, even if uncontradicted, but is rather purely advisory in

1
  Pursuant to the statutory language, alimony in futuro may be awarded in addition to an award of
rehabilitative alimony, “where a spouse may be only partially rehabilitated.” 

-
121(d)(4).

                                               - 16 -
       character, and the trier of fact may place whatever weight it chooses on
       such testimony.” Thurmon v. Sellers, 

 (Tenn. Ct. App.
       2001). “Moreover, it is within the discretion of the trial judge to conclude
       that the opinion of certain experts should be accepted over that of other
       experts and that it contains the more probable explanation.” Hinson v. Wal-
       Mart Stores, Inc., 

 (Tenn. 1983).

Gergel v. Gergel, No. E2020-01534-COA-R3-CV, 

, at *9 (Tenn. Ct.
App. Apr. 26, 2022). We discern no abuse of discretion in the trial court’s decision to
credit Mr. Costello’s opinion that Wife would not have a significant income stream from
the assets that she received in the divorce. Moreover, a portion of the assets were
retirement accounts that Wife would not be able to access before she reached the
appropriate age.

       In support of his position that the assets awarded to Wife in the divorce would
negate her need for alimony, Husband relies on this Court’s prior opinions in Franklin v.
DeKlein-Franklin, No. E2007-00577-COA-R3-CV, 

 (Tenn. Ct. App.
Apr. 30, 2008), and Stratienko v. Stratienko, 

 (Tenn. Ct. App. 2017). We
find Franklin to be readily distinguishable. Although the husband in Franklin was also a
plastic surgeon, he had experienced health problems that limited his ability to perform
certain surgeries. See 

, at *2. The wife in Franklin had worked in the
husband’s medical practice for several years as a salaried employee and possessed
marketable job skills, including the ability to speak several languages fluently. See 

 In
addition, the wife had no reported health problems. 

 Furthermore, in the trial court’s
marital property distribution, the wife received significant liquid assets, including
$1,176,416.00 in cash. The wife also received a home and a vehicle. Id. at *14.
Additionally, the wife retained separate cash savings worth $78,979.00. Id. In total, the
wife received marital assets valued at $2,548,530.00 and retained separate property
valued at $318,979.00. Id.

       The Franklin trial court awarded to the wife transitional alimony in the amount of
$2,400.00 per month for twenty-four months. Id. On appeal, this Court determined that
“there [was] no material evidence to support a finding that Wife ha[d] a need for alimony
of any kind.” Id. Preceding that statement, the Franklin Court recited the facts listed
above concerning the wife’s sizeable assets and her job skills. Id. In this case, however,
Wife did not receive such a sizeable award of liquid assets and would also have to
purchase or otherwise establish a new residence. In addition, Wife herein did not possess
immediately marketable job skills and suffered from medical conditions that limited her
ability to perform the job responsibilities for which she had experience, which was
undisputedly not recent experience. We therefore determine the facts in Franklin to be
distinguishable from the facts in the case at bar.


                                           - 17 -
       We also determine Husband’s reliance on Stratienko to be misplaced. The
husband in Stratienko was a successful cardiologist with a tremendous earning capacity,
and the wife possessed a bachelor’s degree and had completed some coursework toward a
master’s degree. See 

. The wife had been a stay-at-home parent for
many years while simultaneously caring for the husband’s parents, and she had also
helped the husband in his medical practice during the latter portion of their twenty-six-
year marriage. 

. However, the wife’s earning capacity was significantly less
than the husband’s, and the trial court found that the parties had enjoyed a luxurious
standard of living during the marriage, resulting in the wife having a reasonable post-
divorce need of $15,500.00 per month, despite receiving assets valued at $3,400,000.00
in the marital property division. 

. The trial court therefore awarded to the
wife alimony in futuro and alimony in solido totaling $9,500.00 per month, and this
Court affirmed those awards. 

. As such, Stratienko is more supportive of
Wife’s position herein.

        In this matter, Wife has demonstrated an economic disparity similar to that
presented in Stratienko when Wife’s earning potential is compared to Husband’s. As the
trial court determined, Wife will need some additional education in order to pursue a
successful career in the arts such that the court imputed income to Wife of $30,000.00 at
the time of trial and $50,000.00 in three years following her continuing education. By
contrast, Husband’s earnings at the time of trial averaged $50,000.00 per month, and he
had earned in excess of one million dollars annually in 2017 and 2018 and $912,994.00
in 2019, thus demonstrating the income that was available to the parties during the
marriage.

        The trial court found Wife’s reasonable monthly need to be $11,460.68 in
accordance with the standard of living that the parties enjoyed during the marriage, and
the evidence does not preponderate against such finding. The statute explicitly provides
that when one party suffers “economic detriment for the benefit of the marriage,” as Wife
clearly has, “the economically disadvantaged spouse’s standard of living after the divorce
should be reasonably comparable to the standard of living enjoyed during the marriage or
to the post-divorce standard of living expected to be available to the other spouse.” 

(c)(2). As the trial court determined, Wife’s needs were
commensurate with the standard of living that the parties enjoyed during the marriage
and Husband will have no trouble continuing to enjoy post-divorce. We accordingly
conclude that Wife’s need for alimony was supported by the evidence.

                              B. Remaining Statutory Factors

        Turning now from our focus on Wife’s need to examine the remainder of the first
factor, as well as the other statutory factors applicable to the trial court’s award of spousal
support, we note that Husband candidly stated at trial that he had the ability to pay
alimony, and he has not disputed such on appeal. Therefore, pursuant to factor one, Wife
                                             - 18 -
demonstrated that she had a significantly diminished earning capacity when compared to
Husband and that she had a need for alimony, which he had the ability to pay. With
regard to the second factor, although Wife possessed the necessary education for a career
in pharmacy, she was unable to physically perform the requisite duties of that
employment. As such, the trial court determined that Wife would need an additional
three years’ education in order to pursue an artistic career and to be able to earn the
imputed amount of $50,000.00 annually. Husband required no further education in order
to continue his significantly greater earnings.

        Respecting the third and fourth factors, the parties’ marriage was of twenty-four
years’ duration, and Wife was fifty-two and Husband fifty-six years of age at the time of
trial. Concerning factor five, Husband enjoyed good physical health while Wife suffered
from numerous medical conditions, some of which impacted her ability to perform
certain job functions but did not prevent her from maintaining employment in general.
Inasmuch as the parties’ children were adults, factor six was inapplicable.

        With reference to factor seven, each party owned some separate property, the
amount of which was fairly negligible in relation to the marital assets. Respecting the
distribution of marital property and factor eight, the parties’ substantial marital assets
were divided in approximately equal shares. In accordance with factor nine, as the trial
court found, the parties enjoyed a comfortable lifestyle during their marriage, especially
in the latter years.

       Concerning factor ten, both parties contributed to the marriage as wage earners,
although Wife had done so only at the beginning of the marriage when she supported the
couple while Husband completed his surgical residency. However, Wife also made
significant contributions to the marriage as a homemaker, caring for the parties’ children,
other family members, and the marital home. Respecting factor eleven, the parties
stipulated that grounds for divorce existed such that fault was not a consideration.

        Review of the first eleven statutory factors clearly demonstrates support for the
trial court’s award of alimony to Wife. With regard to factor twelve, which requires
consideration of “other factors, including the tax consequences to each party, as are
necessary to consider the equities between the parties,” Husband urges that the trial court
failed to consider the tax implications of its spousal support award. Specifically,
Husband posits that in order to pay Wife alimony of $7,000.00 to $8,600.00 per month,
he would be required to earn an additional $12,500.00 to $15,347.00 in monthly income.
Although the trial court did not expressly address the tax considerations in its analysis,
the court did hear evidence concerning this issue at trial. Given Husband’s substantial
earning capacity, however, we determine the tax implications of the alimony awarded to
be of nominal impact and insufficient to outweigh the remaining factors militating in
favor of an alimony award. We accordingly conclude that the trial court did not abuse its

                                          - 19 -
discretion by determining that Wife should receive specific awards of alimony. See
Gonsewski, 

.

                             C. Type of Alimony Awarded

        Husband next posits that even if Wife adequately demonstrated a need for spousal
support, the trial court erred in awarding rehabilitative alimony and alimony in futuro
rather than a “brief term of transitional alimony.” Following our thorough review of this
issue, we disagree with Husband’s argument.

       Again relying on Wife’s training and experience as a pharmacist, Husband
advances the position that Wife failed to show that rehabilitation was necessary for her to
be able to earn sufficient income. In other words, Husband asserts that the rehabilitation
plan determined by the trial court would actually result in Wife’s earning less income
than she could achieve as a pharmacist, which runs counter to the statutory purpose of
rehabilitative alimony.

      We emphasize the wording of the statute concerning this rehabilitative alimony:

      (d)(4) An award of alimony in futuro may be made, either in addition to an
             award of rehabilitative alimony, where a spouse may be only
             partially rehabilitated, or instead of an award of rehabilitative
             alimony, where rehabilitation is not feasible. Transitional alimony is
             awarded when the court finds that rehabilitation is not necessary, but
             the economically disadvantaged spouse needs assistance to adjust to
             the economic consequences of a divorce, legal separation or other
             proceeding where spousal support may be awarded, such as a
             petition for an order of protection.

      ***

      (e)(1) Rehabilitative alimony is a separate class of spousal support, as
             distinguished from alimony in solido, alimony in futuro, and
             transitional alimony. To be rehabilitated means to achieve, with
             reasonable effort, an earning capacity that will permit the
             economically disadvantaged spouse’s standard of living after the
             divorce to be reasonably comparable to the standard of living
             enjoyed during the marriage, or to the post-divorce standard of living
             expected to be available to the other spouse, considering the relevant
             statutory factors and the equities between the parties.



                                          - 20 -


 (emphasis added). Moreover, as our Supreme Court has
explained regarding the difference between rehabilitative alimony and transitional
alimony:

       [R]ehabilitative alimony is intended to assist an economically
       disadvantaged spouse in acquiring additional education or training which
       will enable the spouse to achieve a standard of living comparable to the
       standard of living that existed during the marriage or the post-divorce
       standard of living expected to be available to the other spouse.
       Rehabilitative alimony thus serves the purpose of assisting the
       disadvantaged spouse in obtaining additional education, job skills, or
       training, as a way of becoming more self-sufficient following the divorce. .
       ..

              The fourth category of support, transitional alimony, is appropriate
       when a court finds that rehabilitation is not required but that the
       economically disadvantaged spouse needs financial assistance in adjusting
       to the economic consequences of the divorce. Simply put, this type of
       alimony “aid[s] the person in the transition to the status of a single person.”
       Mills v. Mills, No. M2009-02474-COA-R3-CV, 

, at *5
       (Tenn. Ct. App. Aug. 4, 2010). In contrast to rehabilitative alimony, which
       is designed to increase an economically disadvantaged spouse’s capacity
       for self-sufficiency, transitional alimony is designed to aid a spouse who
       already possesses the capacity for self-sufficiency but needs financial
       assistance in adjusting to the economic consequences of establishing and
       maintaining a household without the benefit of the other spouse’s income.

Gonsewski, 

 (other internal citations omitted).

       In the instant action, Wife testified that she would be unable to return to her long-
abandoned career as a pharmacist because she was physically unable to perform the
requirements of the job. No countervailing proof was presented. In addition, Wife had
not worked outside the home in twenty years. As such, Wife’s earning capacity was
shown to be minimal unless she completed some additional education that would enable
her to pursue a career utilizing her artistic talents. Rehabilitative alimony would
accordingly “serve[] the purpose of assisting the disadvantaged spouse in obtaining
additional education, job skills, or training, as a way of becoming more self-sufficient
following the divorce.” See 

 (emphasis added).

        Regarding rehabilitation, the trial court determined that if Wife were to complete
an additional three years of education, she would be able to increase her earning capacity
from $30,000.00 to $50,000.00 annually. As such, Wife would be capable of achieving
partial rehabilitation of her earning capacity, even though she would still be unable to
                                             - 21 -
achieve the level of earnings that Husband maintained. Such a circumstance is clearly
contemplated by the statutory language respecting partial rehabilitation resulting in an
award of rehabilitative alimony in addition to alimony in futuro. See 

(d)(4). We accordingly determine that the trial court did not abuse its discretion
in awarding to Wife alimony in futuro in addition to rehabilitative alimony when the
evidence demonstrated that Wife could only be partially rehabilitated. See Lunn v. Lunn,
No. E2014-00865-COA-R3-CV, 

, at *11 (Tenn. Ct. App. June 29,
2015) (“If, as here, the disadvantaged spouse can be only partially rehabilitated, an award
of alimony in futuro may be granted in addition to rehabilitative alimony.”); see also
Singla v. Singla, No. M2017-01278-COA-R3-CV, 

, at *24 (Tenn. Ct.
App. Nov. 27, 2018) (awarding the economically disadvantaged spouse alimony in futuro
in addition to rehabilitative alimony when the evidence demonstrated that the
disadvantaged spouse could only be partially rehabilitated); Mabie v. Mabie, No. W2015-
01699-COA-R3-CV, 

, at *6 (Tenn. Ct. App. Jan. 9, 2017) (affirming an
award of both rehabilitative alimony and alimony in futuro following a determination that
the wife could “be rehabilitated to an extent, but that would never provide her with the
standard of living established by the parties during the marriage or to Husband’s post-
divorce standard of living”).

       Relative to Husband’s contention that a “brief term of transitional alimony” was
more appropriate than rehabilitative alimony and alimony in futuro, we reiterate that the
evidence supports the trial court’s conclusion that Wife would be able to partially
rehabilitate her earning capacity with additional education in order to become more self-
sufficient. Accordingly, transitional alimony would have been inappropriate because
rehabilitation was necessary in order to improve Wife’s self-sufficiency. See 

(d)(4); Gonsewski, 

. We therefore conclude that
Husband’s argument concerning transitional alimony is unavailing.

        Discerning no abuse of discretion concerning the type, duration, or amount of
alimony awarded to Wife, we affirm the trial court’s awards of both rehabilitative
alimony and alimony in futuro. We agree with the trial court’s determination that Wife
could be partially rehabilitated based on the evidence proferred and therefore conclude
that the award of rehabilitative alimony was proper. We also conclude, however, that
Wife would never achieve a standard of living commensurate with the standard of living
established by the parties during the marriage or Husband’s post-divorce standard of
living without an award of alimony in futuro. We affirm the trial court’s alimony awards
in all respects.

                        V. Value of Husband’s Medical Practice

      Finally, Husband contends that the trial court erred in its valuation of Husband’s
medical practice when equitably distributing the marital assets. The trial court awarded

                                          - 22 -
APRS to Husband in the marital property division, valuing the asset at $255,000.00 based
on the evidence presented. In doing so, the trial court explained:

      It is [Husband’s] contention the value of the practice is $110,000.00 as
      opined by Shannon Farr. This opinion was based on consideration of the
      adjusted net asset value and capitalization of cash flow methods. Ninety
      percent weight was given to the adjusted net asset value and 10% weight to
      the capitalization of cash flow method.

              Mr. C[o]stello [Wife’s expert] valued the practice at $350,000.00
      utilizing a capitalized cash flow method as 100% of his analysis. In using
      this valuation method, he adjusted the numbers utilized by Shannon Farr
      finding a 3 year salary average of [Husband] at $951,000.00 was more
      appropriate than a 6 year average salary expense to the business of
      $789,000.00. He noted [Husband] worked more than most plastic surgeons
      and, therefore, the Medical Group Management Economic Resource
      Institute Data needed to be adjusted. Accordingly, the EBITDA numbers
      were adjusted. He also calculated the inventory value differently and
      utilized the Bullington appraisal medical and surgical equipment figure of
      $55,525.00. The business is a C Corporation and derives income not solely
      from [Husband’s] endeavors. Also employed are a Nurse Practitioner and
      an Aesthetician. It is argued that the business possesses features of both
      enterprise and personal goodwill and this argument is valid. However, the
      factors establishing the enterprise goodwill are less prevalent than those of
      personal goodwill.       While he employs a Nurse Practitioner and
      Aesthetician, [Husband] is the primary generator of income.

             The Court finds both experts well qualified but finds Mr. C[o]stello
      more experienced. The Court finds it must consider the extent to which
      [Husband’s] work ethics and his personal goodwill increase the income
      stream of the business and not consider personal goodwill in valuing the
      business. But the increase in cash on hand by the trial date, the way
      supplies were counted by Ms. Farr, and the failure of Ms. Farr to use the
      Bullington method impact the strength of the Farr opinion.

             Considering the evidence presented by both parties, the Court finds
      the business has a value of $255,000.00.

       Husband postulates that his expert’s value of $110,000.00 was correct and should
have been adopted by the trial court. Husband contends that the trial court erred in
adopting a greater value than that found by his expert, proferring the theory that the
court’s value must contain some element of goodwill. Although Husband acknowledges
that enterprise goodwill is an appropriate component of business value in certain
                                          - 23 -
circumstances for the purposes of marital property distribution, he argues that personal
goodwill should not be included when valuing and dividing marital property upon
divorce. According to Husband, the trial court improperly included some measure of
personal goodwill in its valuation of APRS.

     As this Court has previously elucidated concerning business valuation and
goodwill:

             As the trial court properly recognized, this Court has repeatedly held
      that professional goodwill in a sole proprietorship is an intangible asset that
      is not divisible as marital property upon divorce because it is personal to
      the proprietor. See, e.g., Hartline v. Hartline, No. E2012-02593-COA-R3-
      CV, 

 at *13 (Tenn. Ct. App. Jan. 13, 2014); Eberting v.
      Eberting, No. E2010-02471-COA-R3-CV, 

 at *19 (Tenn.
      Ct. App. Feb. 27, 2012). Although the courts of our state have recognized
      the existence of “enterprise” or “business” goodwill as a distinct concept
      from professional or personal goodwill, see, e.g., McKee v. McKee, No.
      M2009-01502-COA-R3-CV, 

 at *3 (Tenn. Ct. App. Aug.
      17, 2010) and York v. York, No. 01-A-01-9104-CV-00131, 

 at *3 (Tenn. Ct. App. July 31, 1992), this Court has been reluctant
      to allow enterprise goodwill to be divided as a marital asset upon divorce
      when the business involved is a sole proprietorship, as here. . . .

              We recognize the trial court’s stated reliance on Eberting, wherein
      this Court explained that the value of a sole proprietorship may be based on
      other evidence apart from the expert valuations, such as the business’s
      previous purchase price, the business’s location in a state-of-the-art facility,
      increasing revenues for the business, and the value assigned to the business
      by its owner on a financial statement. See 

 at *19.

Lunn, 

, at *6-7.

       In the case at bar, the evidence presented at trial consisted of two distinct values
and approaches by the experts. Husband’s expert, Ms. Farr, testified that after
considering three different valuation methods—asset, income, and market value—she
chose to give the most weight to the adjusted net asset value method because it
“represent[ed] the way that most physician practice transactions actually work.” She
opined that the other valuation methods would not be as accurate in this factual scenario.
In addition, she explained that she chose the adjusted net asset value method because it
did not consider goodwill, consistent with Tennessee law.

      When asked about enterprise goodwill, Ms. Farr explained that enterprise goodwill
“generally would represent intangibles that were related to the enterprise itself.” By way
                                          - 24 -
of example, Ms. Farr stated that if the enterprise had its own branding and were known in
the community by the brand name rather than the physician’s name, this would create
enterprise goodwill. She articulated that it was also significant if the enterprise had other
revenue-producing employees, such as a dentist employing dental hygienists who
generated income. By contrast, Ms. Farr described personal goodwill as consisting of
such elements as the practitioner’s reputation, the practitioner’s skill, and patient
satisfaction. Ms. Farr opined that the goodwill of Husband’s practice would be personal
goodwill despite the fact that APRS was a corporation and not a sole proprietorship, was
branded with its own name rather than Husband’s name, and employed other revenue-
generating employees. Ms. Farr further opined that she did not believe another doctor
could purchase APRS and thereby step in and maintain the same income level without
Husband.

       With regard to the other evidence of the value of APRS, Ms. Farr acknowledged
that Husband had previously paid $100,000.00 to purchase the two-thirds interest owned
by other physicians in the practice. Ms. Farr also acknowledged that APRS employed
twelve employees, including a nurse practitioner and an aesthetician who billed
separately for their services. Ms. Farr conceded that it was possible that any goodwill
associated with APRS did not fall “neatly” into the box of either enterprise or personal
goodwill, acknowledging that APRS could maintain a mixture of both. Ms. Farr also
agreed that if she had used the values assigned to the tangible assets by Bullington
Associates, her valuation would have been $28,000.00 higher.

       Mr. Costello, Wife’s valuation expert, testified that he had reviewed Ms. Farr’s
valuation report and had reached his own conclusion concerning the practice’s value of
$350,000.00. Mr. Costello opined that Ms. Farr should not have relied primarily upon
the adjusted net asset value method because APRS was a corporation and was more than
simply the sum of its assets. According to Mr. Costello, it was proper to also consider the
income stream and value of earnings made possible by APRS’s standing in the local
community and its customer base.

        Mr. Costello concluded that the capitalized cash flow method was a more
appropriate valuation method because it included the value of tangible and intangible
assets. Mr. Costello related information that he had reviewed concerning the fact that in
a plastic surgery practice, thirty-eight percent of cosmetic surgery patients and fifty-eight
percent of non-surgery patients would be repeat clients. Mr. Costello opined that it was
probable that if Husband left the practice, another qualified doctor would be able to
continue its success. When asked about enterprise versus personal goodwill, Mr.
Costello stated that he did not prepare a report specifically concerning those items.

       In response to the query of whether he held an opinion as to the value of APRS,
Husband stated that he would rely on the opinion of his expert. He acknowledged during
his testimony, however, that APRS employed several full-time employees, including a
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nurse practitioner and an aesthetician. He admitted that their services also generated
income for APRS, as did the sale of Botox, fillers, and other products. Husband
confirmed that he previously had paid $100,000.00 for the two-thirds interest of former
doctors in the practice.

       The value of marital property is a question of fact, and a trial court’s decision with
regard to the value of a marital asset should be given great weight on appeal. See
Wallace v. Wallace, 

 (Tenn. Ct. App. 1987); Lunn, 

, at *4. A trial court’s decision with respect to the valuation of a marital asset
will be presumed to be correct unless the evidence preponderates otherwise. See
Wallace, 

. The trial court should determine the value of a marital asset
by considering all relevant evidence regarding value, and the parties are bound by the
evidence they present. 

 The trial court, in its discretion, is free to place a value on a
marital asset that is within the range of the evidence submitted. 

       In this matter, the trial court placed a value of $255,000.00 relative to APRS,
which was clearly within the range of the evidence submitted. We must presume that
value to be correct unless the evidence preponderates otherwise. See 

 Husband
specifically asserts that the evidence preponderates against that value because that value
necessarily includes some element of personal goodwill. We disagree with Husband’s
postulate.

       Husband argues that Ms. Farr’s value, based on the adjusted net asset value
method, is more appropriate because it does not consider goodwill. However, Mr.
Costello’s report also contains a value based on this method despite the fact that Mr.
Costello did not find this valuation method to be the most appropriate given the
circumstances. In his report, Mr. Costello made adjustments to Ms. Farr’s value based on
APRS’s list of supplies on hand and the cost of those supplies, as well as to the value of
the assets as determined by Bullington Associates. Accordingly, Mr. Costello found a
value for APRS of $173,000.00 based on the net asset method.

        Mr. Costello further opined, however, that it was inappropriate to rely on the net
asset method concerning the value of APRS because the “potential earnings a buyer of
the business could generate” should also be considered. As such, Mr. Costello opined
that the capitalized cash flow method was the more appropriate method to use, thus
resulting in his value of $350,000.00. Concerning the capitalized cash flow method,
although she did not assign it great weight, Ms. Farr’s report contained a calculation of
the value of APRS based on this method of $216,310.00.

       During his testimony, Mr. Costello implicitly acknowledged that utilizing the
capitalization of cash flow method could include considerations that were typically
associated with enterprise and personal goodwill. Husband disputes Mr. Costello’s value

                                           - 26 -
for this reason. We determine, however, that consideration of enterprise goodwill would
not be entirely inappropriate in this matter given the nature of the business.

       In Witt v. Witt, No. 01-A-019110-CH-00360, 

 (Tenn. Ct. App.
Mar. 20, 1992), this Court addressed the question of whether a medical business could
only be valued in accordance with the net asset method. The husband in Witt was a
medical practitioner who operated a diagnostic clinic that employed eight non-physician
technicians providing various radiological services including CT and MRI scans. Id. at
*3. The trial court set a value for the clinic that was higher than the net asset value, and
this Court agreed with that determination. Id. In so holding, this Court explained:

              We are convinced, however, that excluding the professional
       goodwill, William’s practice has a value over and above the net asset value.
       The clinic employs eight people providing CT scans and MRI
       examinations. William works a full day at the VA Hospital and then goes
       to the clinic to apply his expertise to the work performed during the day by
       technicians. William’s professional fees are billed separately from the
       technical fees generated by the technicians. One expert estimated the
       professional component at 36% and the technical component at 64%.
       William’s accountant had the figures reversed, giving the professional
       component at 72% and the technical component at 28%. The gulf between
       the two figures persuaded the trial judge to disregard both and adopt a
       figure in between.

               The trial judge found that the net asset value of the clinic amounted
       to $950,000. The evidence does not preponderate against that finding. The
       evidence further showed that William had a net income from the clinic of
       $143,786 in 1986, $390,060 in 1987 and $147,736 in 1988. The trial judge
       set a value on the medical practice at $1,300,000, i.e., $350,000 over and
       above the net asset value. We think the part of the business that does not
       include William’s professional goodwill has a substantial value and that the
       trial judge’s valuation of $350,000 for that portion of the business is
       supported by the evidence.

Id. See York v. York, No. 01-A-01-9104-CV-00131, 

 (Tenn. Ct. App.
July 31, 1992) (concluding that the trial court did not abuse its discretion in assigning a
value to the husband’s professional corporation, which employed other medical
practitioners, that was substantially greater than the net asset value).

       APRS is a corporation employing several employees other than Husband. At least
two of those employees generate income separate and apart from Husband’s services,
including but not limited to the sale of various products. APRS is separately branded and
generates income over and beyond Husband’s services. Accordingly, we conclude that
                                            - 27 -
the trial court did not err in setting a value for the business that was greater than its net
asset value.

       Regarding Husband’s argument that the trial court improperly considered personal
goodwill in its valuation, we reiterate that although the trial court generally afforded more
weight to Mr. Costello’s expert opinion, a finding that is within the trial court’s discretion
to make, see Gergel, 

, at *9, the court also declined to adopt Mr.
Costello’s value in total. Instead, the trial court adjusted Mr. Costello’s value downward
by $95,000. By doing so, the court specifically stated that it was “not consider[ing]
personal goodwill in valuing the business.” In this case, as in Witt, the corporation
clearly has value over and above the sum of its assets and that value is not based solely
on Husband’s services. We therefore find Husband’s assertion in this regard to be
unpersuasive.

        Our review of the trial court’s opinion reveals that the court considered all of the
evidence presented and determined value specifically based upon such factors as (1) the
business’s income stream in recent years; (2) APRS’s status as a corporation; (3)
differing asset values, including the value of inventory; (4) APRS’s employment of other
revenue-generating employees; and (5) the increase in cash on hand in APRS by the time
of trial. Ergo, the trial court clearly considered “all relevant evidence regarding value”
and placed a value on APRS that was “within the range of the evidence submitted.” See
Wallace, 

. We conclude that the trial court’s valuation of APRS was
supported by the evidence, and we affirm the trial court’s determination in that regard.

                              VI. Attorney’s Fees on Appeal

       As her sole issue on appeal, Wife asserts that Husband should be ordered to pay
her attorney’s fees incurred in defending against his appeal. As this Court has explained:

       In divorce proceedings, the recovery of attorney’s fees by a litigant is
       provided for by statute which provides that a spouse seeking enforcement
       of an alimony or custody award in a decree may be granted attorney’s fees
       in the discretion of the court before whom the action is pending. Tenn.
       Code. Ann. 36-5-103(c) (2003).

              The discretion to award attorney’s fees on appeal in a proceeding of
       this nature rests within the discretion of the Court. Archer v. Archer, 

 (Tenn. Ct. App. 1995). When considering a request for
       attorney’s fees on appeal, we also consider the requesting party’s ability to
       pay such fees, the requesting party’s success on appeal, whether the
       requesting party sought the appeal in good faith, and any other equitable
       factors relevant in a given case.

                                            - 28 -
Darvarmanesh v. Gharacholou, No. M2004-00262-COA-R3-CV, 

, at
*16 (Tenn. Ct. App. July 19, 2005).

       In the present case, although Husband was not successful on appeal, we do not
conclude that Husband sought the appeal in bad faith. We are also cognizant of the fact
that Wife was awarded sufficient assets in the divorce from which she can pay her
attorney’s fees. We therefore decline to award attorney’s fees on appeal to Wife.

                                    VII. Conclusion

       For the foregoing reasons, we affirm the trial court’s spousal support award in its
entirety. We also affirm the trial court’s value placed on APRS. Exercising our
discretion, we decline to award attorney’s fees to Wife on appeal. This matter is
remanded to the trial court for enforcement of the judgment and collection of costs
below. Costs on appeal are assessed to the appellant, Christopher W. Chase.



                                                   s/ Thomas R. Frierson, II
                                                   _________________________________
                                                   THOMAS R. FRIERSON, II, JUDGE




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