Anyone planning to get a divorce may have questions about how the court distributes property and assets. In Tennessee, asset distribution hinges on whether the property is marital or separate. Although separate property usually reverts to its pre-marital owners,...
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Property Division
How is marital property divided in Tennessee?
Whether you have filed for legal separation or divorce, there are a host of issues to negotiate before creating the final settlement. One of the most daunting tasks is dividing marital property and assets accumulated throughout your marriage. Depending on the...
Does your spouse have a digital wallet?
Dealing with a digital wallet is an important part of the divorce process specifically because of how it might tie to digital assets. In asset division, this is an important category you should not miss. But what should you watch out for in terms of suspicious...
How may a divorce affect my ownership of a business?
Tennessee's divorce laws divide marital assets through an equitable distribution method based on fairness. If you started or acquired a business during your marriage, your soon-to-be ex-spouse has a right to receive his or her fair share of it. Business ownership...
Keeping your inheritance in a divorce settlement
If you inherited property from a loved one, you might worry about losing it if you divorce. According to the Tennessee Board of Law Examiners, Tennessee is an equitable distribution state. As a result, the court divides marital property equitably but not necessarily...
How may I differentiate marital property from separate property?
When divorcing in Tennessee, the court generally requires a list of how you and your soon-to-be ex-spouse plan to divide your assets. As described by Tennessee Code Title 36, you must show all your marital property splitting fairly. As noted by Kiplinger's Personal...
The fate of your business will be a property division highlight
If you and your spouse have decided to end your marriage, does this mean an end to the family business, too? Your business will be front and center during the property division phase of your divorce. Here are three options to consider in determining its fate. Sell the...
3 things you might forget during property division
Even under the best circumstances, a divorce will likely carry with it emotional and financial turbulence. The divorcing couple is concerned about navigating the process while focusing on creating a better, independent future. Depending on the length of the marriage,...
