Division of property can be a quarrelsome issue during divorce proceedings. A 50-50 equal division of property is hardly ever achievable unless no marital home is owned, financial assets are minimal and one party is apathetic to the process.
Marital property in Tennessee is distributed fairly and equitably. An experienced family law and divorce attorney is required to protect your assets. Mr. Jones has extensive experience in dealing with this issue.
At The Law Offices of Jeffrey Jones, we have been providing family law services to clients in Bartlett and throughout Shelby County since 1977. Attorney Jeffrey H. Jones.
We are committed and proactive in protecting your interests throughout what is possibly the most quarrelsome issue in the divorce process.
What Is Marital Property?
Marital property includes assets and debts that were acquired by either party during the marriage. However, if both spouses contributed to the appreciation of nonmarital property, if there is evidence of intent to treat nonmarital property as marital property, or if nonmarital property was commingled with marital property, the court might decide to include nonmarital property in the property division (asset division) agreement.
Generally, marital property includes:
- Retirement accounts such as 401(k), IRA and pension plans
- Real estate
- Bank accounts
- Personal property such as cars, boats, gun collections and jewelry
- Family business assets
Nonmarital property is generally all assets that were acquired prior to the marriage, and may also include gifts and inheritances. Nonmarital property may include real property, business assets and debts.
The Right Property Division Agreement for You
The opposing party will likely feel just as entitled to marital property as you, if not more so. He or she might also feel entitled to some nonmarital property in your possession. Reaching a fair and equitable agreement requires patience and compromise.
We will work hard to obtain the best possible agreement for you to protect your financial future.
We Will Guide and Protect You in the Right Direction
Please give us a call at 901-410-5751 or toll free at +1-800-863-2561 to schedule a consultation with a lawyer, or contact us online. We offer daytime, evening and weekend appointments for your convenience.