Couples going through divorces in the state of Tennessee will always end up with what’s called a marital dissolution agreement. That is a contract between you and your former spouse that sets forth your rights and obligations regarding your assets, your debts, alimony, court cost, health insurance, and things like that. It’s a contract that the two of you are bound to, and that you have to follow, but it really divides your assets and debts, it talks about alimony, and if alimony is going to be, how much, how long, and for what duration.

It’s also a contract that will be incorporated into a final decree of divorce, or some people call it a final judgment of divorce. And once it’s incorporated into that court order, it becomes a court order itself. The parties are bound by that contract, and they’re responsible for following that contract. If you are in a situation where you’re facing a divorce, we deal with these types of situations all the time, and it’s very important to have an attorney who’s knowledgeable in helping people draft marital dissolution agreements. You can contact us at Banks & Jones. Our number is 865-546-2141. You can also find us at banksjones.com. We represent clients in the Knoxville area, and also in the surrounding counties in East Tennessee.