Knoxville Property Division Lawyers
Mandy Hancock Law Firm
Knoxville Property Division Attorneys
Not every divorce involves property division. But if yours does, a skilled property division lawyer is essential. Mandy Hancock Law can help you navigate every aspect of your divorce, including dividing property between you and your spouse. While separation is always stressful, you don’t have to handle every aspect alone. A skilled attorney will advocate for your best interests, helping you rest much easier.
A Knoxville property division attorney will develop a strategy that makes you feel empowered, equipped, and prepared while protecting your interests and ensuring you understand your rights.
What is Property Division?
Property division occurs in many divorces, and understanding how everything will be divided can be one of the most confusing aspects. Fortunately, your first meeting with our lawyers will shed critical light on your legal rights and the possible outcomes for property division in your divorce.
While it probably seems clear to both spouses which property they are entitled to, the law can serve up some surprises. And with everything that’s going on, it can be challenging to remain objective. A lawyer specializing in property division can help you take things one step at a time, carefully and empathetically explaining your rights.
Marital and Nonmarital Property
Determining the difference between marital and nonmarital property can be challenging. But it’s an essential part of the process because marital assets belong to both spouses, and nonmarital assets belong to one spouse. This is an important distinction because only marital assets are divided in a divorce.
Marital assets include assets and debts newly acquired during the marriage. This can include but is not limited to the marital home, earnings or bonuses, salaries, retirement contributions, and any homes, businesses, or cars purchased during the marriage. Nonmarital assets include property, debt, and income owned or acquired before the wedding.
What Determines the Division of Property in Knoxville?
Many factors go into determining property division in Tennessee. Your lawyer will help you understand your rights and how assets might be divided between you and your spouse. There are many contributing elements:
- Each party’s contribution
- The marriage length
- Each party’s future income potential
- Each party’s ability to accumulate assets
- The value of each party’s separate property
Property division is rarely straightforward. But an experienced family lawyer can help you maneuver this difficult season with confidence and clarity. No matter how complex your circumstance, our team is here to help. Call Mandy Hancock Law today to get expert support for your legal separation.
How Can a Knoxville Property Division Lawyer Help?
Property division can be complicated because it’s not always easy to distinguish between marital and nonmarital assets. In addition, separation can involve a lot of raw emotions and hurt feelings. That’s why having a lawyer who works tirelessly on your behalf is so important, especially when you’re feeling burned out and stressed.
Our property division lawyers can help with the following:
- Help settle disputes about the property in question
- Work with prenuptial agreements
- Help you reach a fair agreement
- Mediate between you and your partner
- Possibly help avoid escalating the matter to court
- Offer expert advice and guidance every step of the way
- Represent you in court if necessary
At Mandy Hancock Law, we know how overwhelming a divorce can feel. Our property division lawyers are here to discuss your case so you can understand your situation and determine the best path forward.
Contact An Experienced Knoxville Property Division Lawyer Today
Divorce and separation are sensitive, complex matters. Knowing where to turn or what to do next can be tricky. A Knoxville divorce attorney will develop a strategy that makes you feel empowered, equipped, and prepared while protecting your interests and ensuring you understand your rights.
Contact Mandy Hancock Law today if you are considering divorce. Our family lawyers will work toward fair and favorable outcomes no matter how complex your case. Whether you need help with custody, alimony, spousal support, or mediation, our team of experts is here to advocate for you every step of the way.
At Mandy Hancock Law, we have a long history of successful outcomes and we would be honored to add you to our client family! Our property division attorneys are ready to guide you every step of the way and help you navigate tricky legal waters to reach a fair agreement.
Knoxville Property Division Lawyer FAQ (Frequently Asked Questions)
What is a Knoxville property division lawyer?
A Knoxville property division lawyer, or divorce attorney, can help you with every aspect of your separation. They can help you understand the difference between marital and nonmarital assets and which spouse might be entitled to which.
Who is responsible for outstanding debts?
Usually, Tennessee law recognizes debts acquired during your marriage as the responsibility of both spouses. Those debts will likely be split evenly down the middle during a divorce. On the other hand, debts acquired before the marriage date are nonmarital and remain the individual’s responsibility.
What are marital and nonmarital property?
Generally speaking, marital property is property acquired after the wedding date. Nonmarital property includes property, inheritance, and income belonging to one spouse before marriage. When it comes time to divide property, only marital assets are up for discussion, as each spouse is entitled to keep their nonmarital property.
Who gets spousal support in Tennessee?
Your divorce attorney can help you understand spousal support in Tennessee. They can also assess whether you might be entitled to receive or pay spousal support. Courts sometimes order spousal support when there is a significant disparity in incomes or one spouse gives up their career to support or advance the other spouse’s career.
Contact us about your case
Your case deserves the high-caliber, dynamic representation that Mandy Hancock Law delivers. We can't wait to provide you with our unique Signature Service.