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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, anything acquired during marriage by either partner, is considered marital property. This refers to more than just your paycheck, but also includes real property, businesses, investments, credit cards, loans?essentially any kind of increase or decrease to your family unit.
He or she may have every right to be there. While most couples work out an arrangement, you cannot kick your spouse out of the home without taking the proper legal measures under serious circumstances. Even then, if your spouse pays any of the bills or utilities, he or she may have a case to enter the home.
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.
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.
There are several legal grounds for annulment in Tennessee, including the following: Insanity: a spouse was insane or unable to understand the nature of marriage when the spouse married. Underage: one or both spouses was too young to be married. Incest: the spouses are related (closer than first cousins)
?Marital property? means all real and personal property, both tangible and intangible, acquired by either or both spouses during the course of the marriage up to the date of the final divorce hearing and owned by either or both spouses as of the date of filing of a complaint for divorce, except in the case of ...
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.