Tennessee Property Distribution Laws
Tennessee Property Distribution Issues & Resources
Tennessee Property Distribution
In a Tennessee divorce action, each party will retain his or her separate property. Separate property is property that was:
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acquired prior to marriage;
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by gift or inheritance;
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in exchange for any separate property, or
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obtained from income or appreciation of separate property, if the other spouse did not contribute to the preservation and appreciation.
In a Tennessee divorce action, all marital property will be divided including:
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any property acquired during the marriage by either spouse;
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any increase in value of any property to which the spouses contributed tot the upkeep and appreciation; and
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any retirement benefits, is divided by the court and after a consideration of the following factors:
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the contribution of each spouse to the acquisition, preservation, appreciation, or dissipation of the marital property, including the contribution of each spouse as homemaker, wage-earner, or parent;
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the value of each spouse's property;
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the economic circumstances of each spouse at the time the division of property is to become effective;
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the length of the marriage;
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the age and health of the spouses;
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the vocational skills of the spouses;
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the liabilities and needs of each spouse and the opportunity of each for further acquisition of capital assets and income;
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the federal income tax consequences of the court's division of the property;
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the present and potential earning capability of each spouse;
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the tangible and intangible contributions made by one spouse to the education, training, or increased earning power of the other spouse;
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the relative ability of each party for the future acquisition of capital and income; and
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any other factor necessary to do equity and justice between the spouses.
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