Click here to view the Tennessee child support calculator. What goes into a child support award in Tennessee? In Tennessee, child support is calculated based upon the “income shares” model in which both parents’ incomes are added together, and each parent is responsible for their proportional...
Many children leaving home these days face significant challenges to independence, including high student loan debt and the rising cost of living. Over my decades of mediating, I've noticed it's become increasingly common for young adults to return home after completing their education. This trend...
Many attorneys fail to use the court system to their client’s advantage, will shy away from a court hearing, and try to convince their clients to settle. In reality, a better outcome is likely found in court, or a better settlement can be negotiated and achieved before a hearing. Our ...
It may be possible when settling assets for one spouse to take control of a larger part of a debt in exchange for other considerations. When the divorce is final, if a spouse has chosen this route, they are individually responsible for making sure payments are made to comply with the court...
For many divorcing couples, the marital home is their major asset. In some cases, the house is put on the market and sold as part of the divorce settlement, but for many couples, especially those with children, one spouse may decide to buy out the other's share and retain the family ...
We went through all of the property statements, accounts, debt. I closed my eyes and said, “Here is how this case will settle.” I went through the opening offer, their response, our counter, and how the final settlement would look—to the dollar. A few weeks later, we reached an ...
Even where there has been an amicable settlement on the issue of a child’s principal residence, parents can get hung up on terminology. One parent insists she wants “sole custody” and the other parent fights to include the phrase “joint custody” in the written agreement. This fight over...
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The exception to this is where the debt is incurred by one party after the decree of dissolution is filed. When this happens, the debt often is considered the debt of only the party who incurred it. Gifts and Inheritance Even a gift or an inheritance given to one spouse during the ...
Pay in cash: If you and your former partner have the cash to pay for a divorce separately or together as one, consider funding the process as you go. This will help you avoid new debt that can be difficult to pay off later once the divorce is complete. Ask your lawyer about a paymen...