Asset Division in Tennessee
Clarksville, TN Asset Division Lawyers
Once individuals choose to get divorced, they need to determine how they will divide their shared assets, which is known as "marital property." These assets can be real estate property, cash, bank accounts, personal belongings and various other types of property.
Marital property usually includes assets that were acquired by either spouse during the time of marriage. Separate property (or property that legally only belongs to one spouse) is usually property that is acquired by one of the individuals before the time of marriage, though other definitions also apply.
In the state of Tennessee, marital property typically subject to equitable distribution, meaning it must be divided fairly. Sometimes this will involve dividing the property or the ownership interests in the property equally, while other times it is considered fairer to provide one party with a larger share of ownership, or even complete ownership. It is important to note that certain types of property might be considered separate property, meaning it is not subject equitable distribution.
How Does the Court Divide Property?
It is more beneficial when parties can come to their own agreements about how their property will be divided. When this is not possible, it becomes necessary for the case to be handled in court, which means a judge will make the final decision about what is considered separate property and marital property, as well as how the marital property will be divided between the two parties.
When a court makes a decision concerning division of assets, several factors will be considered concerning both types of property. These can include, but are not limited to, the following: each spouse's economic circumstances at the time of asset division, the financial needs of each spouse, the duration of the marriage, the contributions each spouse has made to the property (such as to its acquisition of appreciation), and the value of each spouse's estate at the time of marriage.
How a Skilled Clarksville Asset Division Attorney Can Help
Asset division can become a very heated issue in a divorce, and it can potentially lead to costly and time-consuming legal battles. Our Clarksville asset division lawyers at Grimes & Warren PLLC work to help clients handle these issues in the most efficient way possible. Our goal is to help our clients protect their best interests and ensure that they are not being take advantage of by the other party in their divorce proceedings.
Contact us so that we can begin advocating on your behalf!
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“Mr. Warren was amazing handling my divorce case”
Mr Warren was amazing handling my divorce case becasue of him and the staff im able to have this nightmare over. Also all the lady's in the office amazing the way they all cared and showed compassion to me through my whole case I couldn't have had a better firm. I highly highly recommend them there all so amazing.- Lynda T. -
“Don't know what I would've done without them.”
Grimes & Warren PLLC was a pleasure to work with. The team is no nonsense and keeps you informed. They help with any questions from start to finish. Thanks to the whole team, it was much easier to deal with the process. I don't know what I would've done without them. 5 Stars!- Robert M. -
“Charges dismissed without costs.”
Tim Warren is awesome! He managed to get the charges dismissed without costs. He is also very outgoing and friendly. I would recommended him anyone. If you're ever in trouble, call Grimes & Warren!- Amir D. -
“We knew we picked the best lawyer for the job.”
We want to thank Jeff Grimes and the entire team for taking on our case. They were able to get the charges dropped and we can breathe again. From the moment we interacted with Jeff and the team, we knew we picked the best lawyer for the job. Friendly, professional, and well-educated. We can't thank them enough and highly recommend the firm!- Stephanie M. -
“I’m so very thankful and also goes as far as to getting it expunged completely off your record.”
The whole team including Edina Sewell , Morgan beaird , and Amberlece are the best. I got caught up in some trouble and they came in with there cape to save the day . I’m so very thankful and also goes as far as to getting it expunged completely off your record . It’s like it never happened.- Tyre C. -
“Jeff Grimes is an absolute rockstar!”
Jeff Grimes is an absolute rockstar! I’ve had some not-so-great experiences with lawyers in the past, but when I found myself in trouble, Jeff was the first person I called. From the very first phone call, he was super open, honest, and set realistic expectations. I was already feeling good about hiring him, but at my arraignment, he did more for me than most lawyers do throughout the entire case. That’s when I knew I made the right decision. Edina (she was amazing and I’m so grateful for her honesty and calmness which helped with my nerves) and Jeff, along with everyone else I’ve worked with, have made me so happy I trusted them. For me it's not only about the resolution (I plead out) but the honesty and openness, so if you prefer that too then Jeff is your guy.- Derek F. -
“They exceeded my expectations and got me everything I needed.”
- Lisa S.I hired their law firm for a legal case and not only were they highly professional but always courteous and respectful. They exceeded my expectations and got me everything I needed. If I ever need legal services again I will definitely be choosing them in the future.
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“Best defense lawyer you could ask for.”
- Dennis H.Grimes is the best defense lawyer you could ask for. He was able to take what would generally be a felony for sure and get it down to a misdemeanor and a fine. If you have him as your lawyer, you won't have anything to worry about.
