Parents in Tennessee are required to provide for the financial needs of their children until they are at least 18 years old. These financial needs can be costly as well. Every child needs food, shelter and clothing as the basics, but they have other needs as well. Young children may require child care and parents may need to pay for the children's health insurance and other medical costs. Children also are involved in various activities that have fees and may require certain equipment.
If you think back to July 1, chances are good you'll remember grilling, spending time with family and friends, planning for fireworks or even just relaxing. In other words, you'll remember nothing particularly noteworthy about the first day of the long holiday weekend.
After making the monumental decision to pursue a divorce, most spouses want to move forward as quickly as possible, eager to start a new chapter in their lives. While this is certainly understandable, what about those spouses for whom the decision about divorce isn't quite so clear?
In a previous post, we discussed how an issue of paramount importance in most divorces is property division, something that makes perfect sense when you consider the time and energy most married couples invest into building a better life.
When divorce proves inevitable, the issue of paramount importance to the vast majority of people is understandably child custody and visitation. Coming in second -- or perhaps even first if the couple has no children -- is property division, something that makes sense when you consider the time and energy that most couples expend trying to build a better life.
There are many different parental situations in Knoxville. Sometimes the parents are married, sometimes they are divorced or separated and in other situations the parents were never married. While the parents are married, they are generally living together and raising the children together. However, if they divorce or were never married in the first place, this is not usually the case. The parents will live separately, but that does not mean that only one parent is responsible for raising the child.
Ask any divorced parent and they will tell you that one of the most stressful times of the year is the time leading up to Christmas and other end-of-the-year holidays, due in part to a time-sharing agreement that was established months or even years in advance.
Over the last month, our blog has been examining the agreed divorce process here in Tennessee, which allows spouses who concur on all points and who otherwise satisfy certain requirements (i.e., no kids under 18, no jointly-owned real estate, no retirement accounts) to secure an expedited split.
In a previous post, we discussed how the law here in Tennessee provides for a simplified dissolution of marriage process known as "agreed divorce" in recognition of the fact that not all divorcing couples have been together for years, raised a family and/or accumulated sizeable assets.
While there is a tendency to envision the majority of divorcing couples as having been together for years, raised a family and accumulated sizeable assets, this is really only part of the big picture. Indeed, the reality is that divorcing couples come from all walks of life, with just as many having been married for only a relatively short amount of time, having no children and little assets to divide.