Alimony
Tennessee recognizes four types of alimony. Alimony in Futuro (eg. husband pays the wife $500.00 per month until she dies or remarries), Alimony in Solido (a definite amount of money is taken from one party and awarded to the other party. This can be one lump sum payment or broken down into a number of payments), Rehabilitative Alimony (an amount of money for a period of time. The length may be extended), and Transitional Alimony (an amount of money for a fixed period of time. The time period cannot be extended). Whether or not alimony is awarded depends on a number of factors such as need, ability to pay, education, length of the marriage, physical condition of the parties, etc.
Prenuptial Agreements
Prenuptial agreements are commonly executed by persons who have accumulated assets, are marrying for the second time, and want their children for the first marriage to inherit. Each prospective spouse must make a full disclosure of their assets and debts.