Contested divorces generally take from 6 months to 2 years to complete because of motions, discovery, and trial.
The minimum statutory waiting period for a divorce based on irreconcilable differences is 60 days after filing if there are no minor children and 90 days after filing if the couple have minor children.
When this is the case, the right to claim the dependency exemption typically defaults to either the parent who pays child support or, in the case that no one does, the parent with the higher adjusted gross income.
However, when it comes to child support, the IRS does not qualify the money being paid or received as a deductible.
After all, taking the extra time to make sure your taxes are filed the right way the first time will save you a lot of money when compared to the alternative. Not only does filing status become an issue for recently divorced or separated couples, but there’s the children to think about as well.
The big question of who gets to claim exemptions for children can make a huge difference in your tax bill.
It is generally less costly and more expedient to get a divorce for irreconcilable differences but the parties must agree on all terms in order to enter into a Marital Dissolution Agreement.2. A Marital Dissolution Agreement is sometimes called an MDA for short.
An MDA is a document that divorcing parties enter into that separates your assets and liabilities.
That’s why it’s so important to be cognizant of the way you describe certain payments in your divorce agreement as each description can mean the difference of a nice lump sum of savings.
CHILD CUSTODY: The court may award custody to either parent, or to both parents in the case of joint custody or shared parenting based on the best interests of the child, taking the following factors into consideration:[Based on Tennessee Code - Title 36, Sections 36-6-106]CHILD SUPPORT: Child support in Tennessee is based on the "Income Shares" Model, and the provisions are outlined in the following Tennessee child support guidelines.
The court may require health insurance coverage for each child of the marriage, with either party to pay all, or each party to pay a pro rata share of, the health care costs not paid by insurance proceeds.
They bring a wealth of legal knowledge and experience to each case they handle, providing their clients with skilled representation in the areas of Divorce, Child Custody, Child Support, Prenuptial Agreements, Qualified Domestic Relations Orders, Music/Intellectual Property, and Juvenile Court.
RESIDENCY REQUIREMENTS AND WHERE TO FILE: The plaintiff must be a resident of this state, or if the grounds for divorce occurred outside of the state, either the party must have resided in the state for 6 months preceding the filing of the complaint.Military personal must be a resident of the state for at least one year prior to filing.