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 Jeff Grimes & Associates, 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!
At Jeff Grimes & Associates, your satisfaction is our priority! See for yourself what our clients have to say about working with us.
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.- Lisa S.
If you need legal counsel then I highly recommend you make an appointment with this firm. Mr. Sensing was my attorney and is very dedicated to his clients going to great lengths to provide the very best defense possible. Stays in touch with his clients always bringing them up to speed on what is being done in their case providing copies of everything to the client. HONEST, LOYAL, AND DEDICATED this firm gets 5 stars.- Brad H.
I took a trip out to TN and got in to some trouble in Clarksville and needed representation for a case while I was I back in my home state. I went to Grimes, Sensing & Clemons feeling distraught and like I had no hope, seeking a solid defense attorney that would actually fight for my case and get me the best possible deal. I left feeling comfortable and confident. I can honestly say I was not disappointed, the only time I needed to come back to TN was for the sentencing(mind you cases may differ) and unbelievably Jeffery Grimes was able to pull a rabbit out of a hat and get a felony charge reduced to a misdemeanor as well as talk down the court fines... I strongly suggest Jeffery Grimes as your defense attorney for any legal issues you may have, also their fees are very reasonable and they will do payment plans. Thank you very much Grimes, Sensing and Clemons.- Spence W.
Thank you so much Grimes, Sensing & Clemons PLLC!! I've been working with them for months and I couldn't be happier. Grimes helped with all of the little details I didn't even know I needed. He is always friendly and ready to answer all of my questions. Your attention to my case has allowed me to focus on what's important to me, healing and family. Thank you for helping me I know it’s your job but the peace of mind you gave me is priceless. Thanks again! ~ YC- Satisfied Client
I hired Mr Sensing to assist me with the modification of a parenting plan that just wasn’t working anymore. I hired another lawyer in the Clarksville area that did not do their due diligence. Mr Sensing and his team were great throughout the process. Emails and phone calls were actually returned in a timely manner! Which wasn’t the case with the lawyer I used before. I had access to all my court documents and was always kept informed on what was going on with my case. Lastly Mr Sensing is very experienced and knowledgeable in his field. The outcome for my request was better than I could have hoped for, and I honestly feel like that was due to Mr Sensing.- Toni M.
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.- Dennis H.
Mr.Grimes made my case go very smoothly and easily for me I was out of state for a good part of it he went out of his way to let me know if something changed and he was always very professional and fairly priced! I would recommend him a thousand times over!!- David L.
Mr. Sensing is an excellent attorney. He fought with me the whole 2 years my case took for me to get the time with my son I’ve always wanted. I will definitely recommend his services to anyone and I will be going back to him if I have any issues in the future. Also Pat and Amy are awesome!!- Satisfied Client