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Category: Alimony

Tennessee Alimony: Factors Courts Consider in Making Awards

Tennessee Alimony: Factors Courts Consider in Making Awards

Tennessee Courts will consider the following factors when awarding alimony: • The relative earning capacity, obligations and resources of each party, and income from all sources• The education and training of each party• The duration of the marriage• The age and condition of each party• The need for the custodial parent to stay home• The assets of each party• The marital property division• The standard of living during the marriage• The relative fault of the parties, if the court deems…

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Who Can Be Awarded Alimony in Tennessee?

Who Can Be Awarded Alimony in Tennessee?

Traditionally, alimony was only available to the innocent or wronged spouse in a divorce. Tennessee now allows either party to be awarded alimony, regardless of which party is awarded a divorce. Alimony may be awarded to either the man or woman, and the gender of the party may not be considered in awarding spousal support. Alimony is appropriate when one party is found to be economically disadvantaged relative to the other party. The legislative preference in Tennessee is to award…

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How Much Life Insurance Do You Need After Divorce?

How Much Life Insurance Do You Need After Divorce?

Thanks to Stephen M. Worrall at his Georgia Family Law Blog for his post on this subject. The issue of life insurance in divorce agreements often comes up. The following information by Ann O Flanagan is helpful in determining how much insurance a spouse shoudl have after a divorce: Experts believe that a surviving spouse with children needs at least $100,000.00 worth of insurance for every $500.00 of pre-tax income. If you require $3,000.00 a month ($36,000.00 per year) to…

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