Getting divorced is undoubtedly one of the most difficult and stressful events a person can go through. If you are considering divorce or may be headed for one, chances are you are overwhelmed with feelings like anxiety, anger, fear, confusion and sadness. These feelings can make it all but impossible to have a clear understanding of your rights and options.
This can be especially true when it comes to the division of marital assets. Money, property and other items are tangible and therefore often end up representing much more than their actual values. Marital homes can be a symbol of comfort and success, gifts can be a reminder of happier times and money can mean stability and protection in the future. Because of all this, it is completely understandable that you may be very concerned about what will happen to these things in your divorce.
Tennessee courts observe equitable distribution laws when it comes to property division. What this means is that the courts will divide assets according to what is deemed “equitable.” This does not mean equal or 50/50. It means that spouses will receive a share of the marital assets deemed to be fair.
Of course, this can all seem very scary and make you feel powerless. You may not agree with the courts on what is considered fair. You may disagree with the valuation of property or feel like your spouse is hiding assets. You may be scared that the full extent of your contributions to the marriage — financial and otherwise — may not be adequately represented.
These are all common concerns regarding property division in Tennessee divorces. However, working with an attorney can help you better prepare and present your case in court. An attorney can also work with you to explore the possibility of coming to property division agreement outside of court. Regardless of the route that is taken in your case, it can be crucial to have the support and guidance of an attorney who is there to protect you and your best interests.