Statistical data from across the United States indicate that about half of all marriages end in divorce. The end of a marriage changes everything for the family involved. For couples with children, child custody can become a major battle of wills, but often the most...
Your Legal Guide Through Life’s Twists And Turns
Property Division
How to divide property in a Tennessee divorce
Divorce can be a tumultuous experience for any Tennessee couple. Not only are there several issues, such as child support and child custody but there are financial matters to be settled as well. Property division is just one of them. In Tennessee, a separate form...
How the Tennessee Investment Services Trust Act works
Tennessee residents who divorce often wonder how they can protect their assets. Although both premarital and postmarital agreements are good options, others are also available. One of those, the Tennessee Community Property Trust, was discussed on this blog a few...
Overview of the Tennessee Community Property Trust Act
Many Montgomery County residents would agree that property division between spouses can be a highly contested area of a divorce. Since Tennessee is an equitable division state, it is not a foregone conclusion that a divorcing spouse will receive a 50 percent share of...
Tennessee man dances in bank to celebrate end of alimony payments
Along with the child-centric aspects of divorce, such as child custody and child support, monetary issues, such as alimony and property division, are also a highly contested area. Couples often spend a considerable amount of time, energy and money before reaching an...
Ignoring retirement assets during property division a big mistake
Many Tennessee residents may agree that when couples divorce, property division is often the most complicated aspect of the separation. According to Tennessee laws, all marital property is equitably distributed in the event of a divorce. Marital property in Tennessee...
Can a forensic accountant help with divorce property division?
Many Tennessee couples know that dividing complex assets, such as a business, retirement accounts and stock and bonds is quite a task for divorce proceedings. As a result, many divorced couples complain that property division was not equitable. Consequently,...
How is information shared during a legal “discovery” process?
After filing for divorce, spouses must disclose details pertaining to their financial and personal situation. This process, known as "discovery," involves exchanging information related to assets, debts and income. Tennessee law requires discovery; state courts...
Some important assets not to ignore during property division
When a Tennessee couple heads for divorce, is the spouses are usually prepared for an equitable division of property as directed by Tennessee law. However, sometimes spouses overlook assets and debts, which are a part of marital property and as a result emerge from...
Dividing complex and business assets during divorce in Tennessee
For some Tennessee couples who decide to divorce, one of the major decisions that they need to make involves business and other complex assets that the husband and wife own together. At the end of a marriage, the parties must divide their marital property, including...
