Property Purchase During Divorce

Summary

In Tennessee, buying property during a divorce can complicate asset division due to the states equitable distribution laws. Such purchases might be considered marital property and subject to division in the divorce settlement. Its important to consult with an attorney to understand the potential impact on your divorce proceedings and to mitigate any risks of financial loss or disputes.

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Does a purchase during the divorce process need to be reviewed by a judge?
In Tennessee, purchases made during a divorce might not automatically require a judge's review. However, they can affect the equitable distribution of assets, as all marital property is subject to division. It's wise to consult with your attorney to ensure these acquisitions don't complicate the divorce proceedings.
What's the worst thing that could happen?
The worst thing that could happen is that the property you purchase might be considered marital property and is subject to division in the divorce settlement. This could lead to complications in dividing assets and potentially cause financial losses or disputes. It's crucial to consult with your attorney to mitigate these risks.