How is property divided in a Tennessee divorce? – Patterson Bray PLLC

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The first thing that any court must do is make a determination of which assets are owned by the parties are part of the marital estate and which assets are their separate property. For the most part, anything that a party acquires from the date of marriage to the date of divorce is going to be a part of the marital estate, whether it’s an asset or a liability. The next step that a court will do is place a value on each of those assets. There are some assets that we need to get appraisers for like a

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piece of real estate or acreage and sometimes even business interest. We’ll have uh certified business appraisers come in and value that asset. And then you’ll have competing experts explain to the court why the court should accept one value over the other. The next thing that the court does in Tennessee is what’s called an equitable distribution of the marital estate. In Tennessee, courts have the discretion based on a number of certain factors. For example, if the husband makes a lot of money each

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year and the wife is the economically disadvantaged spouse, the court might award that economically disadvantaged spouse more of the estate so that things are fair in the longer Run.