Bulloch, Fly, Hornsby & Evans

Murfreesboro Divorce Law Blog

What comes into play during a high asset divorce?

When you tie the knot, you hope that you remain married for the rest of your life. Even with this approach in mind, you know that something could go wrong in the future.

There are many things that come into play during a high asset divorce. For example, you have to worry about protecting any assets that you brought into the marriage. While this sounds simple enough, there are many challenges that can get in your way.

Personal property division in divorce

As you move through your divorce, it's only natural that you focus some of your efforts on property division.

This leads many people to learn more about their home, bank accounts and retirement assets. While all of these things will likely come into play, don't overlook the fact that personal property will also need divided in the event of a divorce.

Don’t get caught up in these prenuptial agreement mistakes

There may come a point when you realize that a prenuptial agreement is something you need in place before tying the knot.

While this is an important conversation to have with your soon-to-be spouse, it's just the beginning. If you decide to create a prenuptial agreement, you'll want to do whatever it takes to avoid the most common mistakes. These can include:

  • Failure to create a legally binding contract. It doesn't matter how you look at it, it's important to always remember that a prenuptial agreement is a legal contract.
  • Forcing the other person to sign the prenuptial agreement. If a person signs an agreement under duress, it is not likely to hold up in the court of law.
  • The inclusion of provisions regarding child custody. A prenuptial agreement is not the place for language regarding child custody, as this is based on what the court believes is best for the child, not the wishes of the parents.
  • The addition of chore requirements. You can't use a prenuptial agreement to outline who will do what chores after tying the knot.

Military divorce can be complex for many reasons

A military divorce can be every bit as complex as it sounds. If you find yourself in this position, you need to know what to expect as the process moves forward.

Just the same as any other couple going through a divorce, questions of child custody and child support often move to the forefront. Along with this, it's common for there to be concerns in regards to property division.

Do you know the potential drawbacks of a prenuptial agreement?

There are many things to think about when creating a prenuptial agreement. From the start, you need to make a list of the pros and cons as they pertain to your relationship.

While there are many benefits of creating a prenuptial agreement, such as the ability to protect assets that you bring into a marriage, there's something you need to remember: There are potential drawbacks as well.

What’s the best way to deal with credit card debt in divorce?

If you find yourself facing divorce, it's only natural to focus some of your time and attention on property division. You want to know who will receive what as the result of the divorce.

You should focus on the division of debt, as this is every bit as important as the assets you will receive. It may not be fun to learn more about the debt you and your soon-to-be ex-spouse are carrying, but it will come into play nonetheless.

You need to know what a prenuptial agreement can do for you

Before tying the knot, you'll think about many things. As you look toward the future, you may begin to ponder the pros and cons of a prenuptial agreement.

If nothing else, you should understand what a prenuptial agreement can do for you. There are a variety of benefits, all of which could push you to create this document before you wed.

A high-conflict divorce takes special care

The divorce process is not something that most people look forward to. Even if you want to put your marriage in the past, you know that there are many challenges standing in your way.

A high-conflict divorce can make things even more difficult on you, as this means that you and your soon-to-be ex-spouse are at odds in regards to a variety of details.

How will you financially survive a divorce?

If you are facing a high asset divorce, you may begin to wonder how you will ever live the same life in the future.

While this is a common concern among people in your position, it's good to remember one thing: There are steps you can take during the divorce process to help you avoid the most serious challenges.

Can you receive spousal support after a divorce?

It may be less common in today's modern age, but there are times when one spouse provides financial support for the entire family.

If this is the case and the marriage ends in divorce, the person who did not work may find him- or herself facing a variety of financial challenges.

Bulloch, Fly, Hornsby & Evans Attorneys At Law
302 North Spring Street
Murfreesboro, TN 37130

Toll Free: 800-673-1947
Phone: 615-896-4154
Fax: 615-896-4152
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Murfreesboro, TN 37133

Toll Free: 800-673-1947

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