Property Division In Divorce

Summary

In Tennessee, if a house is purchased during a divorce with separate funds, it may be classified as separate property and not subject to division. However, the court will consider the intent behind the purchase and any commingling of funds. Its important to maintain clear records showing the source of funds used.

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Paul
Hey Paul! How can I assist you with your legal issue today?
In a divorce, if one spouse buys a house during the divorce process, how would that affect the division of assets?
Hey Paul! In Tennessee, assets acquired during the divorce process may be considered marital property if they were purchased with marital funds. Here are some points to consider:
- The timing of the purchase and the source of funds used can impact classification.
- The court will evaluate the intent and use of the property.
- It might be subject to division if deemed marital property.
Is the house bought with joint funds or separate funds?
Separate funds
If the house was purchased with separate funds in Tennessee, it might be classified as separate property and not subject to division in the divorce. However, the court will consider factors such as the intent behind the purchase and any commingling of funds. It's crucial to maintain clear records showing the source of funds used. Do you have any other questions or need further clarification on this?