Protecting Your Assets in Tennessee Property Division
If you are searching for an experienced lawyer to assist you with resolving your property division matter during a divorce, I can help. With 30+ years of experience practicing law, I serve clients throughout Franklin, Brentwood, Williamson County, and the surrounding areas in Tennessee.
Throughout the time I have been providing my legal services to divorcing clients, I have come to realize that one of the most complex and contested issues is property and asset division. Our Franklin property division attorney is ready to help you protect your assets!
How Does Separate Property Become Marital Property?
Since separate property is not part of marital property, it won't be divided in my divorce right? Under some circumstances, your separate property may be transformed into marital. In the world of family law, this is called transmutation. Transmutation of property may occur if one spouse owns real property prior to the marriage and during the marriage that spouse transfers title to the property into the joint names of the parties as tenants.
Call our Franklin property division attorney today for a free consultation!
She’s both caring and knowledgeable.Laurel B.
Whether you have been married for a long period of time or it was a marriage of short duration, there has likely been a commingling of your personal assets and funds. There are many different factors that will be taken into account when the court is making a decision on property or asset division. For example, if you owned the family home, but your family lived in the home for a number of years, this may be considered as community property in the eyes of the court.
There are two basic categories of property when it comes to property division in a divorce case:
- Community property (marital property) - Community property includes personal or real property that was acquired during the marriage. Your regular income may be included, even if you had it in a separate bank account.
- Separate property - Separate property are those assets that were given to you prior to the marriage. Separate property also includes gifts received before or during the marriage and any inheritance you may have received.
Allow me, Julia E. Stovall, a dedicated Franklin property division lawyer, to represent your rights and ensure that your assets are protected in the proceedings. If you choose to have me represent your Tennessee property division case, you can rest assured that I will put forth my experience and skill to your advantage.
Call my office to schedule a complimentary consultation with a Franklin property division attorney.
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