Your divorce is final. The divorce decree has been approved and a judgment rendered. You feel a sense of relief knowing this obstacle is behind you and are ready for the next chapter of your life. But before you can officially turn the page on your divorce, there's a few things that need to be taken care of.
In most divorce cases, it's not difficult to see why property division is so contentious. Partners who have been married for many years may have accumulated considerable assets, many times including a valuable marital home. Most people are not inclined to simply walk away from their fair share of these assets. This raises a number of questions about dividing and keeping marital property.
One question commonly asked during Tennessee divorce is: Can I keep the marital home? To answer this question, we first need to look at how Tennessee law deals with property division.
Most people see divorce as a way to start over fresh. In some cases, this even means starting over with someone else. But remarriage too quickly after requesting a divorce can actually create more problems, especially if you do not wait the pre-requisite number of days after filing your divorce petition.
So how long does one have to wait after requesting a divorce? This depends on the state in which you live. Let's take a look.
We've all seen a television show where two characters have gone through a divorce. When it comes time to divide the character's property, the writers often depict an even 50/50 split of belongings, assets and debts, which leads a lot of people to believe that this is always the case in divorce, regardless of what state you live in.
But is this really true? Do all state laws allow for an even 50/50 split of marital property and debts? Some may be surprised to learn that the answer is: No. To better understand how property is divided in Tennessee, we need to look at the two ways in which marital property is divided in U.S. divorces.