Chattanooga Property Division Lawyers
Experienced Representation From a Chattanooga Property Division Attorney to Protect Your Future
The manner in which your property is divided during a divorce will greatly affect your future. With an experienced Chattanooga property division lawyer from Conner & Roberts, PLLC representing your interests in property division, you can feel confident about your future.
Our Chattanooga Property Division Lawyer Advocates for Your Rights & Interests During Divorce
With nearly 40 years of combined legal experience, our trusted family law firm represents men and women who are facing property division and other divorce matters. Our Chattanooga property division lawyers provide knowledgeable legal advocacy throughout all stages of dividing property, assets, and debts.
The property division process includes:
- Identifying the assets: Defining the property, assets, and debts attributed to each spouse. When necessary, our Chattanooga property division attorneys can assist in identifying hidden assets when one spouse may be withholding financial information.
- Categorizing separate and marital property: Marital property is any property that was acquired by either spouse throughout the course of the marriage. Separate property is that which was acquired prior to the marriage or through gift or inheritance during the marriage.
- Asset valuation: Marital property and assets will be appraised and a value assigned.
- Property and asset distribution: The spouses will be awarded property and assets, including the marital home, real estate property, vehicles, investments, cash, retirement accounts, family-owned businesses, and other items.
Is TN a 50/50 State for Divorce?
When a married couple goes through a divorce in Tennessee, their property is divided per the state’s “equitable distribution” laws. Equitable means “fair,” rather than to a 50-50 split of property, assets, and debt.
How Is Property Divided in a Divorce in Tennessee?
Tennessee courts may consider the following factors when dividing marital property:
- Marriage length;
- Each party's age, physical and mental health, employability/earning capacity, financial liabilities and financial needs;
- The contribution by one party to the education, training or increased earning power of the other party;
- Any ability for future acquisitions of assets and income;
- The contribution of each party to the marital or separate property, including the contribution of a homemaker, wage earner or parent;
- The value of each party’s separate property;
- The estate of each party at the time of the marriage;
- The economic circumstances of each party;
- The tax consequences to each party; and
- The amount of social security benefits available to each spouse.
Is Inheritance Marital Property in Tennessee?
In Tennessee, inheritance is typically considered to be separate (non-marital) property, even if it was received during the marriage.
Call Our Chattanooga Property Division Attorney Today
Few proceedings during divorce are as troublesome as trying to ensure that both parties receive a fair share of marital property. Without the right representation on your side, you could suffer consequences years down the road that could have been remedied up front. At Conner & Roberts, PLLC, our Chattanooga property division lawyer can help you plan effectively to avoid some of the common mistakes couples make during divorce.
Schedule your free consultation with our Chattanooga property division attorneys now by calling (423) 299-4489.
Chattanooga Divorce Lawyers
Chattanooga Divorce Lawyer