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July 2019 Archives

The importance of understanding family finances in divorce

Understanding the family finances can be important for people in Tennessee who are going into a divorce, particularly if they are parents. In some families, one spouse may primarily handle the finances. A spouse who is unfamiliar with marital finances may want to hold off on discussing the divorce until they get copies of some paperwork. Otherwise, the other spouse might make financial records difficult to obtain.

Children after a divorce

Children in Tennessee whose parents are divorced should be protected from any animosity between their parents. Parents should avoid speaking ill of their ex-spouse in the presence of the children. There is no need for the children to hear about how one or both parents were unfaithful, asked for the divorce or misbehaved in some way. No matter what age they are, children are likely to feel guilty if they cannot love both of their parents.

Both parents have financial responsibility for their children

In the majority of child support cases in Tennessee, the custodial parent is the mother, and the father pays child support. The law generally requires that the parent who pays child support does so until the child attains the age of majority, becomes an active-duty member of the military or is emancipated by a court of appropriate jurisdiction. The required payments may also cease if the payor parent's rights are terminated, such as by adoption.

The unique pitfalls of a high-asset divorce in Tennessee

Any Tennessee divorce can be difficult, but high-asset divorce cases involving individuals with high net worths can be particularly troublesome to navigate. You might imagine that having more money would make going through a divorce easier, but it can make the whole process more convoluted, difficult and expensive.

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