Divorce in Tennessee can be complicated for couples older than age 50, especially if the marriage has a high net worth. Dividing assets can be particularly harmful to your financial health later in life, so how do you get through it? Enlisting the help of a financial...
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Property Division
How can I maximize alimony in Tennessee?
Many divorcing spouses believe that the most important aspect of a divorce settlement is the process of asset division. They may heavily prioritize ensuring that they are awarded the family home, vacation home or car. However, in doing so, they may fail to realize...
Dividing marital assets in Tennessee
Going through a divorce means that you need to make yourself familiar with different laws and processes. While this may feel overwhelming and tedious right now, taking early action to understand how the divorce process works could make for a better outcome.Dividing...
Tips for dividing assets in Tennessee
When going through a divorce in Tennessee, one of the most important agreements you will need to come to is the agreement on how marital assets will be divided. All assets belonging to either divorcing spouse can fall into one of two categories: separate assets or...
Getting the upper hand in the property division process
All divorces require that marital property is divided between spouses. Some states divide this marital property according to the legal theory of community property, meaning that both marital assets and marital debts get divided equally between spouses. Other states,...
Equitable distribution factors for you to consider
Individuals who are going through a divorce will have to split up their property. This is done either by negotiating a settlement or by the court issuing a ruling that's determined by the judge. In Tennessee, the standard that's used is equitable distribution. This...
Retirement account value matters in property division
There are many different types of assets that you have to split up when you're going through a divorce. Making sure that you understand some important points about this may help you to make decisions as you go through the process. One particular type of asset that...
Splitting assets in divorce is often challenging
The property division process during divorce is one that is usually either calm or very contentious. It can be rather challenging to go through everything amassed during the marriage and determine who is going to get what.One thing that needs to be decided from the...
How is marital property divided in Tennessee?
When a couple goes through a divorce, not only do they need to separate themselves emotionally from the marriage, but they also need to separate all financial assets. After being married for many years, it's common for couples to be very financially intertwined, and...
Sentimental value may require creative property division methods
Property division isn't usually an easy process because both parties have ties to certain items. Not only do they have to consider that, but they also have to think about how it might impact their financial future. One thing that you can't do is to allow the...