How does the Court divide the assets?
Tennessee law calls for an “equitable” division of the assets and debts acquired during the marriage (“marital property”). Equitable does not always mean equal, and there are many factors the court will take into account when deciding how to divide the marital estate. However, there are some assets that are separate property and are not subject to division, including property owned before the marriage, property that was a gift, or inherited property. It is important to know that on some occasions separate property can become marital property. Consult with your attorney to determine whether your separate property has become marital property and to get a more accurate idea of how your property may be divided.
