Your Questions Are Important To Us
When facing a divorce, finding answers to your questions may allow you to make wise decisions and more reasonable plans for your future. At The Waldrop Firm, P.C., in Germantown, Tennessee, we are committed to ensuring that every client has the information necessary to proceed with confidence through this challenging and emotional time of life.
Call 901-410-1118 for more complete answers to these and other questions about the division of marital property:
What Is Marital Property?
Generally, any assets you and your spouse acquired during your marriage are fair game for asset division during divorce. It may not always be obvious when something is a joint or separate asset, and our skilled attorney will fight for your rights to every asset you deserve.
How Do Courts Handle Property Purchased Before Marriage?
The court will not include assets you owned prior to marriage if you did not combine them with your spouse’s assets. Also, any inheritances or gifts given exclusively to you or your spouse during the marriage remain separate if you did not commingle them with joint assets. Therefore, if one spouse purchased property prior to the marriage that the family subsequently used as its primary home, the court would likely consider that property a joint asset.
How Are Retirement Assets Distributed In Divorce?
This complicated asset has many conditions the court will consider, including how long you were married and how long you or your spouse paid into the plan. One spouse may also need to file a qualified domestic relations order to claim the right to receive part of the other spouse’s retirement. Our experienced lawyer will advocate for you every step of the way.
What Are The Differences Between Asset Division In Tennessee And Mississippi?
Tennessee courts will divide assets when your divorce is finalized. This means you and your spouse may continue to acquire joint assets during the process. Mississippi courts may divide marital property either when you file for divorce or at the time of divorce.
How Do I Find Answers To My Other Questions?
By calling The Waldrop Firm, P.C., at 901-410-1118 or using our online form, you can schedule a free 30-minute consultation during which we will answer your questions and plan the next steps. We are dedicated to helping you meet your goals and move toward a more positive future.