Increase in value of Roth Individual Retirement Account (IRA) during marriage was attributable solely to market factors.

This is an appeal from the General Sessions Court of Loudon County, Tennessee.  The parties were married for (8) eight years and both parties were 60 years old at the time of trial. Because the parties reached an agreement with regard to the division of certain marital assets, the trial court was requested, among other things, to divide the parties’ retirement and pension accounts. Of note, the trial court classified the wife’s Roth individual retirement account (IRA) as her separate property. The wife testified that the origin of the money used to create the Roth individual retirement account was from wife’s separate premarital earnings.  The court found that any increase in value of the Roth individual retirement account (IRA) was attributable solely to market factors rather than any contributions to its preservation or appreciation by husband.

Harrison v. Harrison, (Tenn.Ct.App. 5/22/17)

 

 

 

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