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Marital property division in Tennessee

| Oct 20, 2016 | Property Division

In divorce proceedings, Tennessee residents have to decide who gets what when it comes to marital assets. If the spouses themselves cannot decide, however, then a court will make the decision for them, and it might not be what’s best for all parties concerned. As such, spouses are always encouraged to do whatever they can to come to an asset division settlement out of court whenever possible.

At the Law Office of Steven C. Girsky, we help divorcing Tennessee spouses negotiate with one another to achieve a successful settlement that honors the property division rights of both parties. At all times, our goal is to represent our clients’ goals and wishes, while educating them on what would likely happen should the matter need to be litigated in court.

We help our clients negotiate the division of the following types of assets:

— Primary residences: Usually both spouses will have the ability to claim the value of a primary residence, but it may be possible for one spouse to keep the family home in exchange for making concessions regarding other areas of property division.

— Automobiles: In many marriages, a vehicle used by one spouse may be much more valuable than the vehicle used by the other spouse. In these scenarios, these discrepancies must be accounted for.

— Complicated assets: These include things like retirement and investment accounts and pensions, which may contain investments that it would not be advantageous to liquidate. Additionally, dividing some assets can bring tax liabilities to former spouses.

— Businesses: Family-owned businesses and those that have experienced significant value growth during the course of a marriage will need to be accurately valuated during the asset division process.

— Furniture and other belongings: Furniture in the home will need to be either sold or agreements will have to be made about who gets what.

At the Law Office of Steven C. Girsky, we recognize that every asset division scenario is unique. Our team of legal advisors are available to work with Tennessee residents to find the most appropriate asset division solutions in their divorce proceedings.


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