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Posts tagged "Property Division"

How should IRAs be split during property division?

When divorcing couples in Nashville think about property division, their immediate concerns may involve their tangible assets. Who gets the house, furniture and electronics, among other pieces of personal property? However, they should keep in mind that some of their most valuable assets are intangible property. Retirement accounts are one of these assets. It is important that retirement accounts are divided fairly, but there are rules involving the division of a retirement account that do not apply to tangible property.

What effects does a divorce have on one's mortgage?

As the song goes, "Be it ever so humble, there's no place like home." However, most people in Tennessee have to take out a mortgage in order to purchase a home. Sometimes, though, a couple's marriage fails before their mortgage is paid off, leading them to wonder what happens to the mortgage after divorce.

Is an inheritance subject to property division?

When a person in Nashville loses a loved one, they may receive an inheritance, some of which can be quite substantial. Of course, nothing in life is predictable, and sometimes a couple that was once happily married eventually finds that their marriage is no longer viable and they are best off divorcing. When that happens, what happens to the inheritance one of the spouses was given?

Divorce in Nashville means splitting marital assets

As married couples in Nashville move forward through the years, they usually amass many types of property that have a lot of sentimental and financial value. They may buy their first home, then later on, a vacation home. These homes are filled with furniture, electronics, appliances and artwork. They may own several vehicles or even a boat. They may also have retirement accounts, stocks and other financial accounts. They may even share a family business together. When combined, the total value of these assets can amount to thousands or, in some cases, even millions of dollars.

How does "equitable division" work in a Tennessee divorce?

Summer is popular for weddings. And, whether a couple is newlywed or have spent decades married, they may assume that the good times will last forever. However, not every marriage is meant to last, and some couples divorce. When they do, they must address property division.

Pre-wedding plans for post-wedding property division

Brides.com is all about some of the things some women focus on in the days leading up to a wedding: rings, gowns, receptions and honeymoons. The site is also willing to take peeks inside topics that can be difficult for brides to broach but important to tackle.

Supreme Court restricts spouse's share of military retirement

A recent United States Supreme Court ruling could affect some of the many Nashville residents who are former members of the military or are married to veterans. Earlier this week, the high court ruled that states cannot raise an ex spouse's share of military retirement pay to compensate for lost benefits when the veteran receives disability pay.

A gray area: Divorce over the age of 50

They are getting up there. They know who the Talking Heads were and some of them can identify the members of the Beatles by name (hint: none were called Bruno, Bieber or even Bono). Some can remember way back to when Peyton Manning played quarterback at the University of Tennessee.

A song of divorce helped make Nashville into Music City U.S.A.

Nashville is famous for many things, but none more important than as the home and soul of country music. Between the Ryman Auditorium, Grand Ole Opry House, Bluebird Café and other spots around town, we have earned our reputation as one of America's great music cities.

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Stanley A. Kweller, Attorney at Law
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Nashville, TN 37201

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