Most people in Montgomery, Tennessee, would agree that going through a divorce is never easy when it comes to a person’s emotional stability. Additionally, most separating couples also have to deal with the demands and negotiations of the spouse in relation to property, child custody, relocation and alimony, among other things. Although most aspects of a divorce like alimony, child custody and visitation rights are long term, one issue that can be resolved once and for all at the time of separation is asset division.
Many people are aware about the recent split between reality television star Evelyn Lozada and professional football player Chad Johnson. Their marriage lasted a mere 41 days. The divorce proceedings were even shorter and lasted only 30 days. In their case, they were wise enough to have a prenuptial agreement. This enabled them to make a quick valuation of their assets and other marital property. The agreement also saved them the hassle of prolonged court battles and costs incurred from court and lawyer fees.
At times, the issues that a couple is fighting over may seem insignificant. In fact, the couple may be fighting over one item, such as the silverware. As bizarre as it sounds, the truth is that even issues as trivial as that can cause separating couples to be embroiled in a lengthy and expensive legal battle. Once the final decision for divorce has been made, it is best to stay calm and think rationally.
Divorce laws in Tennessee are in place but they require the right approach from a plaintiff’s point of view to ensure that what rightfully belongs to that person is not lost during the course of separation. If a prenuptial agreement exists, property division is likely to be fair. The agreement should ideally be validated so that any loopholes can be discovered.
Source: MainStreet, “Hell Hath No Fury Like an Expensive Divorce,” Juliette Fairley, Nov. 22, 2013