Going through a divorce is a challenge on many levels. Like most people facing divorce, you’ll spend a lot of time thinking about the steps you can take to secure as many assets as possible.
It’s important to learn more about property division, including the likely end result of the process. At some point, you will turn your attention to creating a list of all your assets, including personal property.
Some of the most common types of personal property include:
- Home furnishings
- Home electronics
- Sports memorabilia
- Stamp and coin collections
- Motor vehicles
- Recreational vehicles
If you brought any of these items into the marriage, they may not be subject to property division. Property owned before marriage is usually separate property. However, anything you purchased during your marriage will be subject to division during this process.
When creating a list of personal property, leave no stone unturned. Even if you don’t think the asset is worth much it’s better to be safe than sorry. You don’t want the court to think you’re trying to hide something.
Keep in mind that your soon to be ex-spouse could attempt to hide personal property. With this in mind, you should make note of anything that he or she may try to keep secret or consider the help of a forensic accountant.
You won’t get to keep everything in your divorce, but there are steps you can take and things you can do to put yourself in position to receive the personal property you deserve.
As you learn more about divorce and property division In Tennessee divorces, turn your attention to your legal rights in regards to personal property and other assets.
Source: FindLaw, “Checklist: Dividing Marital Property,” accessed Jan. 24, 2018