When to revisit your estate planning

When to revisit your estate planning

When to revisit your estate planningEstate planning is significant no matter your age, marital status, or socioeconomic status, so the added elements of complication that second marriages and blended families bring, only emphasize the need for a solid and thought-out estate plan. It is important to discuss and reach common goals with your second spouse with regard to those delicate areas …

“I Don’t” – Who does the ring belong to if the engagement is called off?

Aside from ruining the moment, requiring someone, while on bended knee and asking another to marry them, to clarify that in the event that the engagement is called off they want the ring back is “unduly harsh and unnecessary,” according to the Tennessee Court of Appeals in the 2007 case Crippen v. Campbell. In the case of Crippen v. Campbell, …

What is a QDRO? Retirement Account Division in Divorce

Marital assets are fairly easy to divide during Tennessee divorce negotiations. However, your spouse’s retirement accounts are not as straightforward. With the possibilities of taxes and penalties, other problems will be looming if things are not done just right. According to Fidelis Law, Divorce Lawyer in Brentwood TN, one tool often used in these situations is a Qualified Domestic Relations …

Protecting finances and long-term security during a divorce

When people decide to get divorced in Tennessee, one of the major hurdles they will face is separating their finances, reassessing retirement accounts and benefits, and reestablishing financial independence. Individuals who take a proactive approach to getting their finances in order and modifying their spending habits to reflect their relationship changes, will most likely face a much more successful financial …

Preventing divorce from hurting an investment portfolio

For couples seeking a divorce in Tennessee, rarely does a day go by where they are not met with uncertainty and concern about the future. Often, many critical decisions need to be made within a brief period of time that will greatly affect a couple’s future. These decisions range from negotiating child custody agreements to discussing how shared assets, finances …

What’s the best way to divide retirement assets in divorce?

Tennessee is an equitable distribution state. What this means is that, when couples divorce, their assets will be divided in a manner that is fair—if not, strictly speaking, equal. When it comes to retirement assets, however, matters can quickly become confusing. Spouses must be attentive. Retirement holdings are not automatically included in divorce proceedings. As such, some individuals find themselves …

Divorce: Is it genetic?

Making the decision to divorce is often painful and upsetting. People can feel overwhelmed by grief, anger and feelings of failure, and this can make the legal process of divorce that much more difficult to manage. However, before you come down too hard on yourself in this situation, understand that divorce can be the best option for people under certain …

Divorcing Tennessee parents need to ensure kids feel loved

Facing the stress of divorce may be many Tennessee residents’ worst nightmare. However, when children are involved in these proceedings, parents may want to remember that their kids can also face a considerable deal of stress during this time. Therefore, individuals concerned with custody and other areas of family law should determine how to potentially make the situation easier on …

Can your child support be modified?

If it has been more than one year since your child support order was entered by the Court, it is probably time to take your child support in for a check-up. Chances are that either you or former spouse has had an increase or decrease in income since the time your child support order was entered, or have had a …

Child custody

What will the Court consider in making the determination? In Tennessee, the Court has many statutory factors it must consider when initially determining custody as a result of divorce or a child being born to unmarried parents, or a change of custody from one parent to another. The Court must weigh each of these factors together and make a determination …