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!
Hear From Our Happy Clients
Reviews & Testimonials
At Jeff Grimes & Associates, your satisfaction is our priority! See for yourself what our clients have to say about working with us.
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- 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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- 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.
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- David L.
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!!
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- Alejandro
Jeff grimes is literally a person you can trust on,he has helped me with my situation and I could not be any more grateful. I think all attorneys should be like this guy and help and serve there clients as well as him.
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- Natasha
For this being my first time ever dealing with lawyers, Mr. Grimes was the best!!! He worked with me on a domestic charge and got it dismissed. He and his staff are the most friendly people I have met! He works with you on payment plans and everything. I would recommend him to anyone!
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- PJ
Mr Grimes is the best! He put my mind at ease at our first meet, got my case dismissed, and is a very down to earth person. His office and staff [are] very helpful. Highly recommended and forever my attorney!
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- Natasha T.
Best law firm in town hands down they are so understanding with whatever situation you May have going on I had Jeff grimes as my lawyer for two cases and he one both he made the process so easy and stress free his staff is so amazing. I highly recommend this law firm they are outstanding can say anything more on of great they are! Thanks guys ~ Sincerely, Natasha T.
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- Tyler
I worked with Mr. Grimes with drug charges and failure to appear. He got my charges dismissed at cost and is working now to get them expunged. Absolutely would recommend his services, I couldn't ask for a better outcome!