- Alimony in futuro, which is traditional or permanent alimony. Alimony in futuro payments continue each month until they die or remarry.
- Rehabilitative alimony, in which a spouse receives payments until they can become self sufficient.
- Transitional alimony, which are payments designed to transition one spouse from being married to being single.
- Alimony in solido, which is alimony designed to make property division more fair.
the other person to pay it, the length of marriage, and the fault involved in the grounds for divorce.
- Each partner’s income and role during the marriage
- Which partner has primary residential care of the children
- Tangible and intangible property value during the marriage
- A disadvantaged spouse’s education and job skills
- The fault of partner in disrupting the marriage
- The length of the marriage and the age of the parties
- The physical and mental health of a spouse
There are many common misunderstandings in dividing property in a divorce. Tennessee is an equitable distribution state—which does not necessarily mean an equal split. Courts look at separate property, marital property, each partner’s contribution to the marital estate, and a variety of other factors. It is important to have a seasoned attorney on your side to ensure you receive what is rightfully yours.
Divorce and Distribution of Property
Property division in a divorce does not just mean splitting real estate or furniture acquired during the marriage. Marital property usually includes pension plans, cash values in insurance policies, increase in value of property owned by the other party prior to a marriage, business inventory and goodwill, and even business accounts receivables, income, or bonuses which are earned but payable in the future.
A separate property of a spouse is generally property owned before the marriage and brought into the marriage and property received as gifts or through inheritance. I suggest my clients make detailed lists of property of both spouses, including separate property and marital property. Where possible, it is advisable to make copies of pension and retirement statements, payroll records, bank statements, business records, current debts, etc., to be reviewed by me when discussing the equitable property division details of your case.