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Tennessee is not a community property state. Like most states in the Union, Tennessee has adopted equitable distribution as its governing law, which strives to make things equitable, not equal, between divorcing partners?a subtle, but important distinction.
The Bottom Line: "The parties recognize that the one-year statute of limitations begins to run when a plaintiff discovers, or in the exercise of reasonable care and diligence, should have discovered, the existence of a legal cause of action.
If the accident results in injury or death, leaving the scene without providing the requisite information is considered a Class A misdemeanor. This may be punishable by up to eleven months, 29 days in jail, a fine of up to $2,500, and a suspension of the driver's license.
Ing to Tennessee law, any monetary proceeds stemming from a personal injury award is considered ?marital property?.
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.
Ing to Tennessee Code Annotated 55-10-106, ?the driver of a vehicle involved in an accident resulting in injury to or death of any person or property damage to an apparent extent of fifty dollars or more? shall immediately notify the local police department, county sheriff, or nearest state highway patrol.
?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 ...
Settlements for Economic Damages Economic damages, including loss of wages at the time of marriage or payments made for the past or future medical bills, tend to be considered as marital assets and are subject to division during a divorce.