One of the main concerns that most spouses have during divorce is how to divide the assets and debts acquired during the marriage. If you do not have a valid and enforceable legal agreement on dividing marital property, like a prenup, state laws will come into play if...
Asset Division
When both parties want the vacation home
Property division disputes are inevitable in divorce cases. In some high-net-worth divorces, the couple may try to resolve their issues amongst themselves. Unfortunately, if there is any hostility between them, this can be difficult at best. In such situations, the...
The complexity of getting divorced with a family business
Divorce can get to be fairly complicated for those who are business owners. It could be a couple who got married and then decided to open their own business five years later, for instance. It is clearly a marital asset, they both own it, and they have to decide what...
Property division: 3 myths about equitable distribution
Understandably, many divorcing spouses have concerns about how their marital property will be divided. After all, the assets you walk away with can make a big difference in how you live after your divorce. You will likely hear many second-hand stories about property...
2 divorce challenges when marital income has been invested
When you no longer live paycheck-to-paycheck and instead want to develop your financial independence, investing some of your income is a key step. Diversifying how you hold your resources means that a slump in one area of the economy, like employment or stock values,...
How do you decide who gets the rental home in your divorce?
When you’re in the process of divorcing, it feels like there are a million things that all require your attention. It’s an emotionally and financially challenging time for everyone involved. An important consideration is how you protect your assets. When you and your...
Is your spouse trying to hide assets?
You and your spouse have been married for several years, but it’s just not working out. The divorce process has started, and it’s time to address property distribution. Throughout these negotiations, the court will employ an equitable distribution process. This means...
Yes, you and your soon-to-be-ex can sell your home together – with the right help
The ordeal of putting your home up for sale can strain even the happiest marriages. If you and your soon-to-be-ex are selling your home as you divorce, the tensions that are probably already running high between you can stall the process, hurt the home’s marketability...
Family heirlooms in a divorce: Factors to consider
The “To-Do” lists seem endless when facing a divorce. Juggling everything from pets to property sometimes leaves family heirlooms overlooked. Many heirlooms have little worth aside from sentimental value. However, when emotions run high, precious family heirlooms can...
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...