Splitting up the Jewelry in a Divorce: Say It Isn’t So!

“The price of anything is the amount of life you exchange for it.”  How aptly Thoreau’s words apply to the division of property when it comes to divorce. As you prepare to move on to the next chapter of your life, you surely have questions. Splitting up your jewelry may be among your concerns. TN Code § 36-4-121 provides the law concerning the distribution of marital property. That said, one of the primary considerations often becomes defining what constitutes marital property. Under Tennessee law, only marital property becomes subject to equitable distribution. In the meantime, married couples may come into a marriage with assets deemed separate property. Likewise, some financial gains during a marriage may be separate property. For example, if a husband or wife receives an inheritance during the course of a marriage, it becomes separate property. The differences between marital property and separate property matter when it comes to dividing up…

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