Married couples who have enjoyed a degree of financial success may find themselves facing very difficult divorces. They likely have more assets to divide and feel strongly about preserving their comfortable standard of living. One of the ways people leverage their...
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Asset Division
Dividing executive compensation plans in a divorce
Ending a marriage can often be difficult. In many cases, the more money you and your Tennessee spouse have accumulated, the longer your divorce will take. Many high-level managers have executive compensation plans. Even though you may not be able to access the assets...
4 challenges associated with getting a gray divorce
Divorce is tough no matter when it happens, but for couples going through a "gray divorce," it brings its own set of challenges. As people get older, their marriages change and this can make the situation even more difficult. By understanding four of the common...
Dealing with a mortgage in a divorce
When divorcing couples sit down to talk about dividing marital property, the family residence is usually the first asset they discuss. The simplest way of dealing with a home in a Tennessee divorce is to sell the property, pay off the mortgage and then divide the...
Preparing yourself for “gray divorce” in Tennessee
Divorce is always a difficult process, but it can be even more complicated when one or both spouses are over the age of 50. This type of divorce is often called "gray divorce." If you are considering a gray divorce, it is important to understand the implications and...
Understanding equitable distribution in Tennessee divorce
Dividing property can be one of the harder challenges of divorce in Tennessee. Even with the most compromising couple, there are bound to be disagreements about who should get what. Most Tennessee divorce courts use the theory of equitable distribution to determine...
How can I protect my retirement during a gray divorce?
Gray divorce affects older couples, many of whom have been married for decades. While divorce rates have generally been on the decline, they have been on the rise for couples aged 50 and older, according to Kiplinger. Going into your retirement years with a vastly...
Asset division in Tennessee
The asset division process is one of the most contentious parts of a divorce. How marital assets are divided can have a huge impact on the quality of life you are able to enjoy in the months and years after the divorce. This is why it is important that you are...
What assets are considered marital assets?
Marriages mean that the finances of two people become significantly intertwined over the years. As a married couple, you have almost certainly purchased items with the intention of sharing them, and you have likely depended on each other financially. So, when you...
Understanding how assets are split in Tennessee divorces
If you are considering going through a divorce in the state of Tennessee, it is important that you take the time to understand how this could affect your finances. The division of assets during a divorce is a significant financial event for anyone going through a...
