Clarksville Property Division Attorneys
Helping You Secure a Fair Share of Your Assets
Tennessee is an equitable distribution state, which means that all property and assets acquired during the marriage are subject to division. Assets and debts that were acquired before the marriage or after the date of separation are not subject to division. However, if you have co-mingled marital and separate property, you may have a complex situation on your hands.
At Patton & Pittman Attorneys, we can help you through the property division process. We know that you worked hard for your assets and we will do everything we can to help you keep them. We have more than 75 years of combined experience and are well-versed in the state’s property division laws. You can rely on us to help you make well-informed decisions about the future.
Call our office at (931) 361-4477 to set up a consultation with one of our Clarksville property division attorneys. We are here to help you.
What Is Equitable Distribution in Tennessee?
Equitable distribution means that the court will divide your assets and debts fairly, but not necessarily equally. If you and your spouse cannot agree on how to divide your property, the court will make the decision for you.
The court will consider a variety of factors when dividing your assets and debts, including but not limited to:
- The length of your marriage
- The age and health of you and your spouse
- Each of your contributions to the marriage
- Each of your earning capacities
- Any separate property you or your spouse have
- Any dissipation of assets
- The value of any property that is being divided
It is important to remember that the court will not consider marital misconduct when making a property division decision. This means that if your spouse cheated on you, it will not affect the outcome of the property division process.
What Is Marital Property?
Marital property is any property or assets that you and your spouse acquired during the marriage. This includes, but is not limited to, homes, cars, bank accounts, retirement accounts, and stock options. If you and your spouse co-mingled your separate property with marital property, it may be considered marital property. For example, if you used money from your separate bank account to pay the mortgage on your marital home, the court may consider your separate property to be marital property.
