How do I handle issues of alimony in a collaborative divorce?

In Tennessee, alimony is typically handled in a collaborative divorce through mediation or negotiated settlement. Mediation is a process in which the divorcing spouses and their attorneys (or a court-appointed mediator) work together to come to an agreement on alimony that both parties can accept. In a negotiated settlement, the divorcing spouses and their attorneys negotiate a settlement directly with each other. When determining alimony, courts in Tennessee consider several factors in addition to the length of the marriage, including the earning capacity and financial needs of each spouse. Other factors courts may consider include each spouse’s age, physical and emotional health, and educational level. In addition, courts also consider each spouse’s contribution to the marriage, whether either spouse was a stay-at-home parent or homemaker, and any other financial resources available to each spouse. In a collaborative divorce, the divorcing spouses and their attorneys work together to come to an agreement on alimony that will be fair and reasonable for both sides. This could include a lump-sum settlement, periodic payments, or a combination of both. The divorce settlement agreement must be drafted, signed, and filed with the court in order to be legally binding. Altogether, alimony in a collaborative divorce can be an effective way for divorcing spouses to come to an agreement that is beneficial to both parties. It provides an opportunity for the couple to make decisions that work for their particular situation, rather than relying solely on a judge’s ruling.

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How do I handle issues of alimony in a collaborative divorce?

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