Understanding How Tennessee Courts Divide Property
If you have ever been through a divorce, then you know that things can get contentious fairly quickly. With competing interests, property distribution can be one of the most hotly disputed issues throughout the proceedings. In order to avoid some tension, it is in your best interest to take steps to protect your assets. The best way to do this is with the help of a qualified divorce lawyer.
At the Zanger Law Firm, we represent individuals in divorce proceedings throughout White House, TN, and the greater Nashville area. Our family law attorneys understand that this may be a difficult time for you and your family, which is why we handle every aspect of your case with the integrity and compassion you deserve. If you are considering or have already filed for divorce in Tennessee, contact our office to schedule a free, confidential case evaluation today.
What Type of Property Will Be Distributed in a Divorce?
Tennessee follows the principle of equitable distribution, which means the court divides marital property fairly—but not necessarily equally—between spouses. Understanding what qualifies as marital property is key to protecting your assets.
- Marital property includes all real or personal property acquired by either spouse during the marriage. This can include income, real estate, vehicles, bank accounts, retirement accounts, and business interests.
- Separate property, such as assets you owned before the marriage or received as a gift or inheritance, is generally not divided. However, increases in value of separate property during the marriage may be considered marital if your spouse contributed to its appreciation.
Many people mistakenly believe that just because an asset is titled in their name, it is protected. In Tennessee, that’s not always the case. An attorney can help clarify what’s marital vs. separate property and ensure your rights are protected.
How to Protect Your Assets During a Divorce in Tennessee
Whether or not you have a prenuptial or postnuptial agreement, there are proactive steps you can take to safeguard your financial future during a divorce:
Work with an Experienced Divorce Attorney
The earlier you involve an attorney, the better your chances of protecting your financial interests.
Identify Separate vs. Marital Property
Work with a lawyer to properly categorize your assets. Misclassification can lead to disputes or loss of property.
Get an Accurate Valuation of All Assets
Properly valuing your home, business, retirement accounts, and other assets is crucial for fair division.
Avoid Hiding Assets
Attempting to conceal property can damage your credibility and lead to legal penalties.
Consider a Buy-Out Option
If you want to keep a particular asset, such as the family home or a business, consider offering your spouse a buy-out.
Talk to a Tennessee Divorce Lawyer Today
If you’re going through a divorce in White House, Tennessee, or the surrounding area, don’t go through it alone. At Zanger Law Firm, our experienced family law attorneys are ready to help you navigate the property division process and protect your assets.
Call today to schedule a free, no-obligation consultation with one of our knowledgeable legal professionals. We're here to fight for your best interests and guide you every step of the way.
