What Are the Laws in Tennessee About How Marital Property Will be Distributed After Divorce?
When a divorce is granted in Tennessee, property should be divided in manner that is just. In making equitable division of marital property, the court shall consider all relevant factors including: (1) the duration of the marriage; (2) the age, physical health, mental health, vocational skills, employability, earning capacity, estate, financial liabilities and financial needs of each of the parties; (3) the tangible or intangible contribution by one party to the education, training or increased earning power of the other; (4) the relative ability of each party for future acquisitions of capital assets and income; (5) the contribution of each party to the acquisition, preservation, appreciation, depreciation or dissipation of the marital or separate property; (6) the value of each party’s separate property; (7) the estate of each party at the time of the marriage; (8) the economic circumstances of each party at the time the division of property is to become effective; (9) the tax consequences of each party; (10) the amount of social security benefits available to each spouse; and (11) such other factors are as necessary to consider the equities between the parties. (Tennessee Code Title 36 Domestic Relations Chapter 4 Divorce and Annulment Section 121)
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