Prenuptial Agreements

Recently Bill and Melinda Gates announced that they are filing for divorce after twenty-seven years of marriage. Like another high-profile couple with substantial wealth, Jeff and MacKenzie Bezos, the Gates’ did not have a prenuptial agreement directing the division of marital assets. The Gates’ divorce poses a unique challenge in the question of ownership of the Gates’ foundation. The Gates’ …

“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 …

How a new tax law could alter prenuptial agreement clauses

When young couples are preparing to wed in Tennessee, one of the last things they feel like addressing is a prenuptial agreement. However, this decision can be valuable in creating some agreements designed to protect both parties in the event of a divorce. Once an agreement is made and signed, it seems unlikely that the meaning could change over time, …

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 …