Asset Division in Tennessee
Morristown Family Law Attorney
When you are going through a divorce, one of the touchiest subjects is
the subject of asset division. No one wants to divide property or lose
what they believe is rightfully theirs. Morristown divorce lawyer,
Troy L. Bowlin, II, and the team at his firm understand that this area of family law can
cause significant emotional stress, and we will diligently work to provide
aggressive representation for you and ensure that what is rightfully yours
Our firm has a deep understanding of Tennessee law as it applies to family
law and separation, and we will use our experience to help you receive
a favorable outcome for your case.
In some divorce cases, an agreement based on property and asset division
can be reached amicably by the divorcing couple through
uncontested divorce, but in other cases, the details may have to be hashed out in a court of
law. All property in the state of Tennessee is considered communal property
if it has been obtained during the course of the marriage or during divorce
proceedings. If there are no prenuptial agreements, marital property may
be equally distributed between the couple. Equitable distribution is a
fair distribution of a couple's assets at value worth — not
necessarily in terms of numerical equality.
There are a few factors that a judge will consider when determining the
overall distribution of property, including:
- The amount of income that each party has
- The contribution that each spouse made during the course of the marriage
- The length of the marriage
- The age, health, skills and employment of all parties
- Children that may from the marriage
- Social Security benefits of each spouse
- The value of property in each of the spouse's names
Working with a Morristown Divorce Lawyer
Are you ready to speak with a Morristown
family law attorney regarding your situation in Knoxville, Knox County or Morristown?
Now is the time to act and retain trusted legal representation by an attorney
from our Morristown family law firm. Troy L. Bowlin, II is devoted to
ensuring that our clients receive the best possible outcomes for their
cases. Through diligent work and dedicated representation, we can assist
you in retaining the property that is rightfully yours.
Contact Troy L. Bowlin, II today to speak with the attorney and to schedule
a free case evaluation now!