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In most cases, the marital home is considered marital property. This means that courts will have to decide who will get to keep the house if both parties cannot agree on what to do with the house (sell it and split the profits, give the house to one party in exchange for something else, etc.).
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 a survey conducted by Martindale-Nolo, the average divorce in the United States is $15,500 per side. The average cost of divorce in Tennessee is $12,600 per side and if you have minor children, that average jumps to $18,900.
Generally, most divorces will require you to complete, sign, and notarize each of the following forms: Complaint for Divorce. Spouse's Personal Information. Health Insurance Notice. Agreed Permanent Parenting Plan (if applicable) Divorce Agreement. Final Decree of Divorce. Court Order for Divorcing Spouses.
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.