Tennessee Divorce Lawyer’s Guide to Shared Asset Valuation: Strategies, Claims, and Compensation Tips
Understanding Shared Asset Valuation in Tennessee Divorces 📌 Tennessee operates under equitable distribution laws, meaning marital property is divided fairly, though not necessarily equally. Shared asset valuation plays a crucial role in determining each spouse’s financial standing post-divorce. Proper valuation ensures fair settlements while preventing undervaluation or hidden assets. 📌 Common types of shared assets include: - Real estate (family home, rental properties) - Bank accounts and investments - Retirement accounts (401(k), IRAs, pensions) - Business interests - Vehicles, jewelry, and other valuable personal property Methods for Valuing Marital Assets 🔍 Market Appraisal Method: Frequently used for real estate, this involves getting an independent appraisal to determine the fair market value. 💰 Income-Based Valuation: Ideal for business valuations, this method assesses an asset’s revenue generation potential, often using discounted cash flow or capitalization of ea...