Dividing Assets In A Divorce Proceeding
Outside of child custody, the biggest issue for most couples who are going through a divorce is property division. It is important to ensure that all assets are properly identified and valued in order to ensure a fair division. A skilled lawyer can help guide you through this process and protect your interests.
At the law firm of Shipley & Swain, our attorneys are dedicated to helping couples in Knoxville and all surrounding areas with their divorce issues. We can let you know what to expect when it comes to property division in Tennessee.
What Types Of Property Are Subject To Division?
Property that is subject to division can involve a wide range of assets, including:
- Real estate
- Stock options
- Retirement benefits
For division purposes, property is not just limited to assets. Debt that was acquired over the course of the marriage may be divided as well.
Fair And Equitable
Any property division, either negotiated or decided by the court, should be fair and equitable. Many people think that this means everything will be split 50/50. However, equitable does not mean the same thing as equal. Fairness is the key when it comes to property division. While it’s possible that a 50/50 split may be the best result, things are often divided less equally, at least on paper.
Contact Us For Help With Asset Division
If you have significant assets or debt, having experienced legal counsel in your corner is essential for a fair property division. To schedule a consultation, call us at 865-419-0480. You may also contact us online.