Tennessee statutes and case regulation present the framework for a way property and liabilities are allotted between spouses throughout a divorce continuing. This course of addresses the equitable distribution of marital property accrued through the marriage. For instance, if a pair collectively bought a house throughout their marriage and each names are on the deed, its worth, much less any excellent mortgage, will likely be topic to division.
A good and simply allocation of belongings is essential for the monetary well-being of each events following the dissolution of the wedding. A transparent understanding of the laws ensures transparency and predictability within the divorce course of. Traditionally, the evolution of those laws has mirrored altering societal views on marital partnerships and contributions.