Tennessee Divorce Lawyer Handling Division of Assets
One of the many legal issues that must be discussed during a divorce is the division of assets, also referred to as the division of marital property. This issue can either be extremely easy to decide, or it can evoke all types of mixed emotions amongst one or both spouses. In the most basic terms, division of assets determines who will get what items of value and how they will be distributed after a couple decides they want to divorce.
When a couple cannot come to a mutual agreement regarding the division of assets, then a family law judge will order an equitable division of property. This may then result in an outcome that neither spouse is happy with long term, or will feel is fair, as the assets are not always necessarily split 50/50.
Property division is often decided by, but not limited to, any of the following by a judge:
- How long the marriage lasted
- Value of separate property of each spouse
- Value of property at time of marriage
- Any taxes/debts owed
- Each spouses age, mental and physical health
- Each spouses ability to earn an income, education
- Each spouses financial liabilities and financial needs
- Future ability to achieve higher income levels
Tennessee Divorce Attorney
If you are considering or experiencing a divorce or any other family law issue such as division of assets, a Tennessee divorce attorney at Phillips Law, PLLC can help you. We provide superior legal guidance and representation to clients throughout Tennessee and Kentucky. If you and your spouse are able to reach a fair and amicable agreement regarding division of assets and all other issues surrounding a divorce, then we can file a Marital Dissolution Agreement on your behalf for an uncontested divorce. If you both cannot reach a mutual agreement, then a Tennessee divorce lawyer from our firm can litigate and negotiate on your behalf in a family court of law.
Aggressive Family Lawyer in Tennessee
Phillips Law, PLLC protects the future financial and emotional interests of our clients. Please contact us immediately if you are experiencing any type of legal issue related to divorce including: child custody, child support, spousal support, modifications, prenuptial agreements and domestic violence.
Attorney James Phillips of Phillips Law, PLLC is proud to represent clients experiencing family law issues throughout middle Tennessee, including the cities of Nashville and Clarksville. Our firm also represents clients throughout Southern Kentucky.
Would you like to learn more about division of assets and divorce? Contact us today!