Marital Dissolution Agreement

Tennessee Marital Dissolutiondissolution of marriage

Most likely the next document drawn up in your case will be a Marital Dissolution Agreement. Divorces usually settle in the beginning when both parties feel guilty or in the end when both are exhausted. We will draw up the agreement, but we need to know who gets what and who pays what.

You can include many things in your agreement, some of which are listed below:

  • Court cost and attorney’s fees—Who pays?
  • Property—Who gets the house? Who gets the note? How does the equity get divided if it is sold?
  • Personal property—Who gets which car, what appliances, and what happens to the sofa in the den?
  • Retirement—What happens to any retirement benefits that have accrued?
  • Debts—Who pays what? Should the debts be paid off by refinancing?
  • Alimony—How much? How long?
  • Custody—Who gets which child? Should any aspects of custody be shared? The noncustodial parent may be the one who is a doctor and may be the one who should make medical decisions. Will joint custody work?
  • Child support—How much? How long? Who carries health or life insurance on children? Who gets to claim the children as income tax deductions? Private school or college tuition?
  • Visitation—Do you want a specific schedule or can you and your spouse work together on it?
  • Life insurance— Who is insured? Who is the beneficiary? Term or cash value? How much?
  • Health insurance— Who is covered? In many cases an employee’s spouse can be covered up to thirty-six (36) months after the divorce by the employed spouse’s insurance for a small additional premium.
  • Other—Security for obligations in the agreement, for wills, for death, and for taxes. (You cannot avoid death or taxes, so you may need to provide for them.)

Rice Law can guide you through the divorce process in Memphis, including drawing up a Marital Dissolution Agreement. Contact us today at (901) 526-6701 to learn more.

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    “I have used Nick on multiple Family Law situations. He helped me during my divorce and child custody years ago and I could not ask for better. He knows the law and is excellent in the courtroom. Nick really does care about the best interest of his clients. I hired Nick a second time this year dealing with a child relocation case. Again he is a professional with family law. He will fight to the very end and not let anything slip through the cracks. He was able to get me everything I wanted and more. If you are in the unfortunate position to need a family lawyer do yourself a favor hire this man, there is no one else I would trust to handle child custody, relocation and divorce! Period!”

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