Complete Legal Tennessee Property Settlement Forms For Free

Tennessee is an ?equitable distribution? state. This means that once property is classified as marital or separate, the trial court must divide marital property equitably ing to the factors listed in T.C.A. § 36-4-121(c). An equitable division does not always mean an equal division of property.

When it comes to property division during divorce, Tennessee is considered an equitable distribution state. Essentially, this means that marital property is divided fairly and reasonably, not necessarily 50-50.

Because they can be quite expensive, drawn out, and emotionally toxic, most jurisdictions have done away with fault. In fact, out of the fifty, Tennessee is one of only nine that still permits these types of divorces. In Tennessee, you initiate this process by citing fault-based grounds in your divorce complaint.

In Tennessee, marital property must be divided equitably. That means that if you buy a house while you're married, you and your spouse are both entitled to the equity in that home. But that doesn't necessarily mean that you will be ordered to sell the house and split the proceeds right down the middle.

Ing to Tennessee code § 36-4-121, the judge will split all marital assets equitably during a divorce. An equitable split doesn't necessarily mean that assets will be split 50/50. It means the division depends on circumstances such as each spouse's financial situation and their ability to earn an income.

The legal separation process begins when either spouse files a petition with the court. At least one spouse must meet the state's residency requirement (being a Tennessee resident for at least 6 months before filing). The filing spouse must provide the court with the grounds (legal reason) for the request.