Bulloch, Fly, Hornsby & Evans PLLC
615-896-4154
800-673-1947

Murfreesboro Divorce Law Blog

Don’t cause a breakup when asking for a prenuptial agreement

Many people shy away from asking for a prenuptial agreement because they don't know what to expect.

On one side, they know that creating a prenuptial agreement will put them in a better place. Conversely, they also know that this could cause trouble between them and the person they love.

Divorce and bank accounts: Things to think about

Once you decide to divorce, you shouldn't wait long to review your finances to gain a better understanding of your assets and debts.

For example, you need to fully understand what will happen to your bank accounts in the event of a divorce.

Are you prepared to divide debt in your divorce?

As someone going through a divorce, you'll want to learn more about property division. Questions regarding your family home, vehicles, personal property and financial assets are sure to move to the forefront.

While you're doing your best to secure as many assets as possible, don't lose sight of the fact that you must also prepare to divide debt in your divorce.

When asking for a prenuptial agreement, listen as well

Once you get engaged, you may soon begin to think about the best time to ask your fiancé if he or she will entertain the idea of signing a prenuptial agreement.

This can be a difficult conversation on many levels, so you need to tread softly as to avoid a serious argument.

A military divorce calls for a unique approach

As a member of the military, you know that you live a different life than many people. However, just the same as others, you could find yourself facing a variety of family law problems at some point.

A military divorce can be every bit as complicated as it appears, as you need to take into consideration a variety of unique circumstances.

Do these things to prepare your finances for divorce

Preparing for divorce is easier said than done, as you never know how you will feel once the process comes to an end and you're on your own.

Even if you're looking forward to putting your marriage in the past, there are some things you need to take care of in the here and now. For example, you need to take a variety of steps as you prepare your finances for divorce. Here are a few things to think about:

  • Review your income and expenses, so that you have a clear idea of where things stand
  • Gather all the necessary documentation, including bank account statements, tax returns and pay stubs
  • Realize that the property division process could throw you for a curve, as you may not get everything you're expecting
  • Don't make any big financial decisions until your divorce is finalized, as this can add more stress to your situation
  • Implement a system for saving money
  • Don't be afraid to ask for help when necessary, such as from a certified financial planner or tax professional

Personal property and divorce: Items to consider

Going through a divorce is challenging on many fronts. At first, you need to wrap your head around the idea that your life is going to change in many ways. For example, you will no longer be living in the same home as your spouse.

Soon enough, you'll turn your attention to matters of property division. While you have every intention of "getting your fair share," you can rest assured that your soon-to-be ex-spouse will have the same mindset.

Have you answered these prenuptial agreement questions?

Depending on your situation, you may be interested in talking to your fiancé about creating a prenuptial agreement before your wedding day arrives.

If this piques your interest, it's imperative to have the conversation as far in advance as possible, as it can take some time to work through the finer details. Furthermore, you may not have a clear idea of what a prenuptial agreement is all about.

These financial assets can be a sticking point during divorce

When you and your spouse decide to divorce, you hope that you can move through the process as quickly as possible. You also hope that things work out in your favor in regards to property division.

While there are steps you can take to put yourself in a better position, you need to remember one thing: Property division is all about compromise. You aren't going to get everything you want, but you can still formulate a strategy for pushing forward.

What type of personal property will you divide during divorce?

Even though the divorce process can be time-consuming and frustrating, getting organized upfront will allow you to prevent additional trouble down the road.

As you turn your attention to property division, you should make a list of all your assets. With this in hand, it's much easier to understand what will come into play as the process pushes forward.

Bulloch, Fly, Hornsby & Evans PLLC 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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