property division Archives

More people using prenups to avoid property division issues

Divorce could happen to any married couple. While it may seem comforting to think that a relationship will last forever, that mindset may not always be realistic. Because of the potential for relationships not working out, Tennessee residents may want to prepare for property division proceedings before they take place.

Could slowing down help make divorce, property division easier?

The decision to divorce was likely not one made in haste. Many Tennessee residents may give this type of choice a considerable amount of time and thought before deciding to go through with filing a petition. After the process begins, some individuals may want to speed through the process as quickly as possible, but that may not be the best option, especially when it comes to property division.

Avoid these mistakes if you're divorcing over the age of 50

Divorcing after the age of 50 is a little different from divorcing at a younger age. Your children may be grown, for example, so child custody concerns will not be an issue. Meanwhile, you and your spouse could share a considerable amount of wealth in the form of retirement savings, 401(k)s, pension funds, real estate and more.

How should I value my house in a divorce?

The marital home is unlike any other asset in a divorce. For one thing, it is probably one of the largest assets that you own. For another, you and your spouse may both have your names on the deed. When you are dividing property in a divorce, you will need to put extra consideration into how to deal with your home.

What is considered marital property in Tennessee?

Prior to getting married in Tennessee, usually people had an individual life separate from that of their spouse. They may have owned homes, had bank accounts, retirement accounts and other assets, which they obtained all on their own. However, once they are married they begin to share their life with their spouse. This goes beyond simply sharing a home and filing joint tax returns. This can lead to complications during the property division process in a divorce.

How to properly divide retirement assets in a divorce

There are many aspects to a divorce in Tennessee. People need to go through the complicated process of splitting one life into two separate lives. This includes determining who will be caring for the children. Responsibilities and property that were shared will now become the responsibilities and property of just one spouse. As one can imagine this is not always easy and there can be many disputes between the couple during property division.

How can I protect my finances during a divorce?

If you are in the process of a divorce, important decisions must be made regarding a handful of issues including child custody, child support, spousal support and property division. These decisions should not be taken lightly; what you say and do today could have ramifications further down the line.

How a prenup can help you even during a marriage

If you are on the eve of a wedding, we all know there are dozens of things that need to be addressed. Are all the invitations sent out? Is the table seating safe and appropriate? Do we have a set list for the DJ? What about flowers? The photographer? Limos? The list goes on. The last thing any couple would want to think about at this time is the possibility of a divorce. But thinking about the future is important, and none of us know what the future holds.

Who gets to stay in the house following a divorce?

We all know there are seemingly countless decisions that need to be reached while in the process of a divorce. In an ideal world, both spouses are able to work together and make compromises on the decisions, whether it is child custody, alimony or property division. More often than not, though, there are varying opinions on what is fair or in the best interests of the children. This is when the courts generally have to step in.

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Law Office Of JAMES H. SNYDER, JR.

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