Divorce Alimony in Tennessee
Factors contemplated by court in Divorce Tennessee Alimony
Nature of Temporary Alimony in Divorce Tennessee Alimony
Transitional Tennessee Alimony
In this state, Transitional Alimony is a relatively new concept. Alimony obviously involves payment of a certain sum of money by one spouse to the other. The most crucial issue in this award is the duration for which the payments must be done.
Transitional alimony exists for a specific predetermined duration. It is stopped if the recipient or payer dies, except when the contrary is particularly stated in the divorce decree. This type of spousal support cannot be altered, except when the spouses have agreed otherwise in an agreement that has been included in the original order of divorce.
For several divorcing couples, this type of alimony is an enticing option due to its predictability and certainty.
Alimony in Solido
Let us consider an example of a couple seeking divorce. Both the husband and the wife are stock brokers and earn almost the same income. They do not have any children. Their residence is their biggest asset and it has equity of 80,000 USD. Neither husband nor wife has adequate cash to disburse it to the other spouse as his/her share of the equity.
Let us assume that the husband tells the wife that he would disburse alimony in solido every month till the 40,000 USD are paid. In return, he would keep the residence. The wife accepts this deal. At this juncture, it may be noted that alimony in solido cannot be altered. So, after the divorce, the wife cannot petition the court to raise the amount of spousal support.
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