A Compassionate Advocate During Your Divorce
Let Us Help You Calculate Alimony in Tennessee
Divorce can be an emotionally painful and financially draining process. If you’ve been married for a long time, dividing assets, calculating alimony and deciding how to co-parent may be difficult. If you’re not sure what the future looks like for your family, turn to someone you can trust to help you move forward. At Peterson White LLP, we are dedicated to helping our clients feel supported and informed through every step of the divorce process.
Many factors go into the court’s decision regarding alimony payments. Attorney Jodi Loden will educate you about the process and advocate for your interests before, during and after court proceedings. With experience in juvenile law, child support, paternity laws and other aspects of divorce, Jodi is passionate about helping clients navigate the stressful divorce process as smoothly as possible.
When what matters most is at stake, call Peterson White LLP. We can help you write the next chapter for your family.
Factors That Determine Alimony
Before a judge can determine the amount of alimony, he or she will consider the following factors:
- The earning capacity and financial resources of each spouse which can include pensions and retirement accounts.
- The length of the marriage
- The mental health and age of each spouse
- The physical condition of each spouse
- Non-marital property which may include both assets and debt.
- Was the divorce a fault or no-fault
- The contributions made by each spouse during the duration of the marriage
- The arrangements of child custody if it pertains to the divorce
Understand How Alimony Could Affect Your Future
Alimony is a type of payment given to one spouse during or after a divorce for financial support. There are many different reasons why monetary support may be appropriate in your case. The amount paid and the length of time during which payments are made vary greatly. The four basic types of payments in Tennessee include:
- Alimony in future: Payments made over a long period of time to one spouse for them to maintain a similar standard of living to what they had during the marriage.
- Alimony in Solido: This is a defined lump-sum amount of money that may be paid at one time or in installments over time. It is usually given to compensate for an economic imbalance within the division of property.
- Rehabilitative alimony: Alimony payments that allow a person to go back to school, get training or find a job to enable them to become self-supporting.
- Transitional alimony: This is awarded when the economically disadvantaged spouse doesn’t need training or education to support themselves but may need to recover financially from the divorce.
Divorce can take a financial toll, and it’s important to make sure your interests are being represented fairly. The lawyers at Peterson White LLP can help oversee alimony negotiations to advocate for your present and future needs.
Contact Us Today
No matter where you are in the divorce process, we can help you today. Call our Tennessee office at 855-919-4124 or reach out to us in an email message.