Division of Assets

Disputes over property division and alimony can lead to a contentious divorce battle. With emotions running high in a divorce, it is important to have an attorney who can help you understand your options, protect your rights and help you make informed decisions about your divorce.

At the Law Offices of R. Timothy Hogan, we help clients who are going through a divorce understand property division and alimony. At our firm, you are more than just a number. Mr. Hogan will work directly with you to make sure you are kept up to date on your case and that your questions and concerns are answered.

To speak with a Murfreesboro divorce property division attorney in a consultation, call us at 615-686-8491 or send us an e-mail.

Dividing Property in a Divorce

In Tennessee, marital property is divided equitably during a divorce. Equitable does not mean 50/50. Instead, the courts look at what is fair for both parties. This could mean that one spouse gets the marital home, while the other spouse receives other assets. Marital property can include any assets or debts acquired during your marriage, including:

Real estate: Whether it is your home or a vacation property, we can help you divide your real estate equitably.
Retirement funds: Pensions, 401(k) and annuities are just a few of the retirement assets that can be divided in a divorce. We can help you understand the use of Qualified Domestic Relations Orders (QDROs) for 401(k) division and pension division in the future and divide your assets fairly and equitably.

Business interests: If you or your spouse owns a business or has a stake in a privately held company, we can help you. We consult with business valuation and division experts to help our clients assess the fair marital value of their business interests.
Debts: If you have marital debt, such as a mortgage or credit card debt, it is very important to make sure that each debt is assigned to the proper person. Even if you were unaware of your spouse’s debts, you could still be held liable if it is not accounted for in your divorce. We can help you with all aspects of debt division in your divorce.

If your divorce involves issues of child support, the division of property is handled separately. You do not need to worry about your division of assets and debts affecting the child support payments your child deserves.

Alimony in Tennessee

Alimony is given in order to provide resources and support to one spouse after a divorce who is disadvantaged in some way. A spouse could receive alimony because he or she has been out of work and caring for the children for many years. In other cases, a spouse may need alimony for a short period to get back on his or her feet.

Courts look at a number of factors to determine if alimony is appropriate, including:

Length of the marriage
Earning capacity and financial resources of each spouse
Each spouse’s education, training and experience
Age and health of the spouses
Division of assets and debts in the divorce

Contact a Dedicated Rutherford Alimony Attorney

To schedule a consultation with an experienced and dedicated Tennessee divorce lawyer, contact us online or call us at 615-686-8491. We respond to phone calls and e-mails promptly to keep you informed throughout your divorce.

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