Division of Property During a Murfreesboro Divorce
Protecting Your Rights and Financial Interests
If you are considering filing for divorce in Murfreesboro, TN, you most likely have serious concerns about how your property division issues will be resolved and how that may affect your financial security in the future.
Tennessee is an “equitable division” state, which means that absent an enforceable prenuptial or postnuptial agreement, the basic starting point for dividing marital assets and debts is a 50/50 split. That’s in theory. In practice, however, courts will often order equitable but unequal divisions of property based on the criteria set forth in the state’s equitable division statute (Tennessee Code Annotated 36-4-121).
Our knowledge of Tennessee’s equitable division law, our experience with both modest and high-asset divorce cases, and our commitment to providing excellent personal service can be a great source of comfort and confidence for you in the weeks and months that follow a decision to file for divorce. Should you choose to hire us, rest assured that our attorneys will work closely with you throughout the process and make every effort to achieve the best possible results on your behalf.
Our family law practice encompasses a full range of property division issues and problems, including:
- Spousal support claims (alimony)
- Classification of property, assets and debts as marital or separate
- Identification of hidden assets and fraudulent transfers
- Real estate appraisals and division
- Appraisals/valuations of business interests, professional practices and other complex assets
- Division of pensions, 401(k) plans and other types of retirement funds with qualified domestic relations orders (QDROs)
Separate Property vs. Marital Property
In Tennessee, marital property includes all property acquired during the marriage, other than inherited property and gifts. Separate property includes property acquired before the marriage or after the date of legal separation, as well as inheritances and gifts.
Because separate property is not subject to equitable division in a divorce, the issue of what property is “marital” or “separate” is hotly contested in many divorce proceedings. This is especially true in longer marriages where separate assets often get co-mingled with marital assets over time. With access to a variety of experts, including professional investigators and forensic accountants, we have the resources needed to effectively establish or challenge the nature of any asset for purposes of division.
Free Initial Consultations · Serving All of Middle Tennessee
To discuss your marital property division and divorce concerns with an experienced lawyer, contact us today to schedule a free initial consultation.