When entering into a marriage, many couples choose to create a prenuptial agreement. This legal document outlines the division of assets in case of divorce. Without a prenup, however, couples may rely on default state laws to determine asset division. If you wish to...
Divorce
Typical joint debts in a high-asset divorce in Tennessee
Many high-asset divorces in Tennessee involve households with multiple homes, vehicles, investment accounts, retirement accounts and more. These couples may also have significant joint debts in addition to these assets. As couples unravel their financial ties, they...
5 considerations for spousal support in high-asset divorces
Divorce can involve a lot of emotions and complications, particularly with the involvement of high assets. In the Knoxville area, couples navigating a high-asset divorce must carefully consider various factors related to spousal support. Unlike other states, Tennessee...
Missteps to avoid in a high-asset divorce
With the U.S. Census reporting divorce rates in 2021 at 6.9 per 1,000, many people will see their marriages end. Going through a high-asset divorce can be daunting. With so much at stake, it is important to navigate the process with care and avoid making costly...
Exploring mediation in divorces
When facing a divorce in Tennessee, the process can be long and emotionally draining. You might wonder if there are any alternatives to drawn-out court battles. One effective method many couples turn to is mediation. Mediation can offer a quicker, less confrontational...
Can more assets slow down your divorce?
According to the Tennessee Department of Health, roughly 3.3 divorces happen per 1,000 residents each year. If you are going through a divorce, you know it can be an emotionally taxing experience. Unfortunately, things can get more taxing when your divorce involves a...
Navigating business ownership in a Tennessee divorce
Divorce poses many challenges, one of which may include determining the fate of a business. If you own a business and are going through a divorce in Tennessee, you may question what will happen to your company. Understanding some general rules about businesses and...
The risks of using social media during divorce
Divorce is a difficult time, and it is tempting to turn to social media for comfort and distraction. However, using social media during your divorce can have serious consequences. Here are three reasons why you should avoid social media if you are going through a...
Financial professionals many people enlist amid divorce
There are many different steps involved in a Tennessee divorce, and many of them involve financial matters. A marital breakdown has the capacity to impact everything from your retirement savings to your financial stability and overall quality of life, but there are...
Are you eligible for a former spouse’s Social Security?
Many people in Tennessee rely on Social Security retirement payments to help them finance the later stages of life. However, if you were planning to retire with a spouse and then your marriage ended, you may wonder whether you qualify for Social Security retirement...