When it comes to divorce, Tennessee courts follow equitable distribution laws to divide marital assets. Despite its name, these laws do not mean an equal 50-50 split but rather a fair division based on various factors. If you are a business owner, this process can...
Property Division
What factors affect stock options division in divorce?
Dividing assets during divorce brings unique challenges. This is particularly true when dealing with complex finances like stock options. In Tennessee, stock options usually fall under marital property. It doesn't matter which spouse holds them. If you're a business...
Who gets the jewelry after divorce?
A diamond ring’s sparkle or a family heirloom’s sentimental value can quickly lose its luster in divorce. What happens to jewelry when couples decide to call it quits? Determining if the jewelry is a gift or a marital asset Courts generally classify jewelry into two...
How people can rebuild financially after a divorce
Divorce is notorious for causing financial setbacks. Even those with relatively comfortable standards of living may experience financial hardship after the end of a marriage. After all, divorce generally requires the division of marital property. It also costs money....
Avoid costly mistakes in property division during divorce
Divorce is never easy, but when it involves the division of substantial assets, the stakes become exponentially higher. The emotional attachment to certain possessions, the uncertainty of the future and the complexity of property division can create a perfect storm of...
Do you have to divide your business in divorce?
When a married couple divorces in Tennessee, they must divide their marital property in a way that meets guidelines of fairness under state law. This can be a complicated process in any divorce, but when your marital property includes ownership of a business, it can...
Who gets the retirement accounts in your divorce?
One of the most complex issues in many high-asset divorces involves dividing retirement accounts. Under Tennessee divorce law retirement accounts are typically subject to property division, and must be divided in a way that meets state guidelines of fairness. However,...
How is spousal support or alimony determined in Tennessee?
Financial matters are often the biggest challenge that people must address when pursuing divorces in Tennessee. For some couples, disagreements center on their shared assets or debts. Both spouses might want to continue living in the marital home, for example. In...
Considering a prenuptial agreement
Although creating a prenuptial agreement might not be the first item that comes to mind for engaged couples, it is an important planning document. This is especially true where one or both partners have a high income or significant assets. Prenuptial agreement...
Who gets the retirement accounts in a Tennessee divorce?
If you are going through a divorce, you may wonder how your retirement accounts will be affected. Retirement accounts are often one of the most valuable assets that Murfreesboro, Tennessee, couples have, and they can also be one of the most complicated to divide....