This is an agreement in which Spouse A (the spouse who is ordered by the court to make alimony and/or child support payments to Spouse B) must put assets (the principal) in a trust, from which the payments are made to Spouse B.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
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Spousal support pendente lite: Also known as temporary alimony, this type of support is ordered while the divorce case is pending, and it allows one spouse to maintain the previous marital standard of living or at least some certain financial status while the divorce case is pending.
This type of alimony is considered in Tennessee as alimony in futuro, which is alimony forever until the person dies or remarries but this type of alimony it can also be terminated or modified often if the parties incomes change or circumstances change, such as health conditions change.
Tennessee law says that alimony in futuro will be owed when the person receiving support cannot be expected to reach a level of earning capacity to allow a standard of living comparable to that enjoyed during the marriage; or comparable to the post-divorce standard of living enjoyed by the other spouse.
Transitional alimony (temporary) Rehabilitative alimony (short-term) Alimony in Futuro (long-term or permanent) Alimony in Solido (lump-sum payment)
Transitional alimony is the most recent form of spousal support in Tennessee. It only lasts for a specified period of time and will terminate upon the death of the payor or recipient, unless specifically stated in the divorce decree.
Ultimately, a spouse may be denied alimony if they do not need financial support to maintain the standard of living established during the marriage. Additionally, the court may deny a spouse alimony if the higher-earning spouse cannot afford maintenance payments.
If the couple is at an economic imbalance and one spouse is more economically disadvantaged and there is no reasonable option of rehabilitation, the Court will consider the facts and circumstances and possibly grant periodic alimony. Periodic alimony is also sometimes called alimony in futuro.
