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Tennessee Property Division Worksheets Kit

Bahman Eslamboly

Form reviewed by Bahman Eslamboly, Attorney at FindLegalForms

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Prior to actually making important decisions regarding the division of your property, it is important to have before you a complete inventory of all of your property. Even if you feel that you have no property to divide, you should complete the forms in this kit to ensure that your marital settlement agreement properly addresses all the issues.

This packet includes:
(1) Instructions and information on factors to consider in property divisions.
(2) Property Checklist – provides a list of documents which should be assembled when arranging for marital property distribution.
(3) Property Questionnaire – covers your basic personal information and also details the history of your marriage.
(4) Property Division Worksheet – will help you make certain decisions regarding the value and division of your property.

State Law Compliance: Designed for use in all states.

Tennessee Property Division Worksheets Kit

Product Details

Product Tennessee Property Division Worksheets Kit
Country United States
Pages 26
Dimensions Designed for Letter Size (8.5" x 11")
Printer compatibility Designed to print on all ink-jet and laser printers
Editable Yes (.doc, .wpd and .rtf)
Format Microsoft Word
Adobe PDF
Rich Text Format
Platform Windows Compatible
Mac Compatible
Linux Compatible
Availability In Stock. Instant Download
Usage Unlimited number of prints
Category Property Division Worksheets Kits
Product number #22575
Download time Less than 1 minute (approx.)
Document Access Via secret online address
Email with download links
Email with attachment upon request
Refund Policy 60 days, no-questions asked, 100% money back guarantee

Frequently Asked Questions

The kit includes instructions on property division, a property checklist for necessary documents, a property questionnaire for personal and marital history, and a property division worksheet to help assess the value and distribution of assets.

To use the property division worksheet, fill in details about your assets and liabilities, including their estimated values. This will help you visualize the total marital estate and facilitate discussions about how to divide it.

Yes, the Tennessee Property Division Worksheets Kit is specifically designed to comply with Tennessee laws regarding property division in divorce proceedings.

Even if you believe you have no property to divide, it is advisable to complete the forms. This ensures that your marital settlement agreement addresses all issues, preventing potential disputes later.

This kit is intended for individuals going through a divorce in Tennessee, as well as attorneys representing clients in such cases. It provides a structured approach to property division.

If you and your spouse cannot reach an agreement on property division, it may be necessary to seek mediation or legal assistance. The worksheets can still help clarify your positions and facilitate discussions.

The kit itself may have a purchase price, but using it does not incur additional legal fees unless you choose to consult an attorney for further assistance.

By providing a clear inventory of assets and liabilities, the kit can help both parties understand their financial situation better, making negotiations more straightforward and focused.

Is This Form Right For You?

Use This Form If:

  • Individuals who are going through a divorce in Tennessee may find this kit essential for organizing their assets. By completing the worksheets, they can ensure that all property is accounted for, which is crucial for a fair settlement.
  • Situations requiring a clear understanding of property ownership can benefit from this kit. It helps users compile necessary documentation and provides a structured approach to dividing marital assets, which can reduce conflicts during negotiations.
  • For those preparing a marital settlement agreement, this kit serves as a comprehensive tool to evaluate and document property. It allows parties to visualize their assets and liabilities, making it easier to reach an amicable agreement.
  • Couples contemplating separation may use this kit to assess their financial situation before making any decisions. By detailing all property and debts, they can better understand the implications of their choices regarding property division.
  • Attorneys representing clients in divorce cases can utilize this kit to streamline the property division process. It provides a standardized method for gathering information and ensures compliance with Tennessee's legal requirements.

Do Not Use If:

  • – This form is not appropriate for individuals who are not legally married, as it is specifically designed for marital property division. Unmarried couples should seek different resources tailored to their situation.
  • – If there are significant disputes regarding the ownership of specific assets, this kit may not suffice. In such cases, legal representation or mediation may be necessary to resolve conflicts.
  • – Individuals who have already reached a final settlement agreement should not use this kit, as it is intended for those still in the process of negotiating property division.
  • – For cases involving complex financial situations, such as businesses or significant investments, this kit may not provide the depth of analysis required. Consulting a financial expert or attorney is advisable in these scenarios.
  • – If the divorce is contested and litigation is underway, relying solely on this kit may not be sufficient. Legal advice should be sought to navigate the complexities of contested divorces.

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Product Laws

Property Division Laws - Tennessee

Property Distribution: Tennessee is an “equitable distribution” state. The separate property of each spouse is retained by that spouse. Separate property is property that was: (1) acquired prior to marriage; (2) by gift or inheritance; (3) in exchange for any separate property, or (4) obtained from income or appreciation of separate property, if the other spouse did not contribute to the preservation and appreciation. The marital property, including: (1) any property acquired during the marriage by either spouse; (2) any increase in value of any property to which the spouses contributed to the upkeep and appreciation; and (3) any retirement benefits, is divided by the court, without regard to any marital fault, and after a consideration of the following factors: (1) the contribution of each spouse to the acquisition, preservation, appreciation, or dissipation of the marital property, including the contribution of each spouse as homemaker, wage-earner, or parent; (2) the value of each spouse’s property at the time of the marriage and at present; (3) the economic circumstances of each spouse at the time the division of property is to become effective; (4) the length of the marriage; (5) the age and health of the spouses; (6) the vocational skills of the spouses; (7) the liabilities and needs of each spouse and the opportunity of each for further acquisition of capital assets and income; (8) the federal income tax consequences of the court’s division of the property; (9) the present and potential earning capability of each spouse; (10) the tangible and intangible contributions made by 1 spouse to the education, training, or increased earning power of the other spouse; (11) the relative ability of each party for the future acquisition of capital and income; (12) the employability and earning capacity of the spouses; (13) any social security benefits; and (14) any other factors necessary to do equity and justice between the spouses. [Tennessee Code Annotated; Volume 6A, Title 36, Section 36-4-121].

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