A divorce comes with many considerations, including child custody, child support, alimony and property division. One things that must be considered is how a pension will be distributed.A pension earned while two people are married is considered marital property....
Year: 2016
Why can a premarital agreement be ruled invalid by the court?
It wasn't so long ago that prenuptial agreements were only really thought of for couples who had tremendous wealth or at least one spouse did. Today, however, prenups are becoming more common among couples of ordinary means.A prenup helps establish your financial...
Divorce and protecting your business
The "happily ever after" doesn't always happen as many married couples imagined when they walked down the aisle. In fact, recent statistics show that 52 percent of first marriages end in divorce. In addition, 70 percent of second and third marriages end up in divorce...
Catch your spouse red-handed hiding assets
Sometimes in a hotly contested divorce, couples deceitfully try to hide assets from one another to avoid losing them in a property settlement. This can backfire if the spouse gets caught, but the other spouse first has to know where to look or even that those assets...
The basics of a prenuptial agreement
For many years, most people though that prenups were only for the very wealthy. We heard about how the rich would protect their assets before tying the knot and how a spouse would be limited in what he or she would receive in a high asset divorce because of a...
Appeals court excludes ‘enterprise goodwill’ in divorce
A Tennessee appeals court recently ruled that the trial court hearing in the divorce case of a dentist and his wife must produce a valuation of the dentist's practice "without consideration of professional or enterprise goodwill." What does this mean for business...
Can a prenuptial agreement maintain your lifestyle after divorce?
According to one estimate, over two-thirds of divorces are caused by disputes over financial issues. Accordingly, although it may not seem romantic to talk about money before your marriage, it may very well be the best thing for it.At a minimum, a discussion of...
Are prenuptial agreements about more than just money?
Tennessee law may sometimes refer to prenuptial agreements as antenuptial agreements, but the process is the same: executing a contract before marriage that addresses issues of asset and debt division, and possibly matters of spousal support or setting boundaries to...
Could divorce mediation be right for you?
Are there alternative approaches to divorce that might save time, expense and emotional upset? One alternative approach might be mediation. Tennessee state courts allow for mediation, sometimes called alternative dispute resolution, pursuant to Tennessee Supreme...
Can assets be shielded from the marital estate?
Common property division principles rules apply in a high-asset divorce. However, a recent article cautions that special fact-finding measures should be employed to protect oneself during this type of divorce. A law firm that focuses on divorce and property division...