Prenuptial agreements, also known as prenups, play an important role in protecting assets during divorce. These agreements are particularly important for individuals who own businesses.  Prenups outline the division of assets, including business interests, in case of a divorce. Protect business assets A prenuptial agreement can specifically protect business assets. Without a prenup, a business started before marriage could be considered marital property, making it subject to division. By clearly defining the business as separate property, a prenup ensures it remains with the original owne ..read more

In Tennessee, valuing art collections during a divorce requires expert appraisals. The value of art pieces can fluctuate, so it’s important to get accurate, current appraisals from reputable sources.  Valuation helps ensure that the division of assets is fair and reflects the true value of a collection. Art valuation often involves considering the artist’s reputation, the piece’s provenance, and market trends. Dividing art collections Art collections accumulated post-marriage are marital property and have equitable division. Couples can choose to sell pieces and split the proceeds or agre ..read more

Gray divorce, or divorce among older couples, can create unique challenges for families in Tennessee. Adult children often face emotional and logistical impacts when their parents separate later in life. Emotional adjustments for adult children You may find it surprising how much a gray divorce can affect your feelings. While you might think adult children are less impacted by their parents’ divorce, the emotional toll can be significant. The stability you once knew shifts, and adjusting to new family dynamics can be difficult. Changes in family dynamics Family gatherings and holidays may chan ..read more

Dividing retirement accounts and pensions during a divorce can be complex and emotionally charged. These assets often represent a significant portion of a couple’s financial future, making their fair division crucial. Understanding how these assets are divided can help in navigating this challenging process. Determining marital property It is important to identify what portion of the retirement accounts and pensions qualify as marital property. Marital property includes all assets acquired during the marriage. This means that contributions made to retirement accounts during the marriage, along ..read more

Moving out of state when you share custody of children involves several important considerations. This process can be complex. It requires careful planning to ensure the well-being of the children and compliance with legal requirements. Custody agreements If you plan to move out of state, review the custody agreement. Most include clauses about relocating with the children. Understand these terms to avoid violating the agreement, which could result in legal consequences. Permission for relocation In most cases, a parent cannot relocate out of state with the children without permission from the ..read more

Going through a high-profile divorce can be an incredibly challenging and emotionally draining experience. The intense media scrutiny and public attention can add an extra layer of stress to an already difficult situation. However, it is possible to work through this process with grace and dignity by following some important steps and strategies. Self-care and communication First, it is necessary to prioritize self-care during this time. Divorce can take a toll on your mental and emotional well-being, so be sure to take care of yourself by seeking support from friends and family. Practicing se ..read more

Abrial’s Law stands as an important safeguard for children in Tennessee, ensuring their protection from abuse and neglect. Named after Abrial Neely, a young girl who lost her life due to abuse, this law aims to prevent similar tragedies from occurring. Understanding the key components of Abrial’s Law sheds light on its significance in safeguarding the well-being of children statewide. Mandatory reporting requirements A central provision of Abrial’s Law is the establishment of mandatory reporting requirements for suspected cases of child abuse or neglect. Under this law, teachers, health care w ..read more

Being a business owner comes with a lot of perks. Unfortunately, it can also further complicate an already stressful divorce. If you are going through a divorce, it is important to understand some of the most important steps you can take to protect your business before you step into the courtroom. 1. Document everything Start by gathering complete records of all your business finances, like bank statements and tax returns. Maintaining clear financial documentation both before and during your marriage will make it easier to establish an accurate business value and quantify any marital contribut ..read more

Going through a divorce can be a complex and emotional process, especially when it comes to financial matters like alimony. In Tennessee, alimony, also known as spousal support, aims to mitigate the economic effects of a divorce by providing a continuing income to a non-wage-earning or lower-wage-earning spouse. This financial support helps the recipient manage their living expenses and maintain a standard of living similar to that during the marriage, at least until they can become self-sufficient. The state of Tennessee recognizes several types of alimony, each designed to address different ..read more

Divorce involves dividing assets between partners, and as people have become more environmentally conscious, the concept of green assets has emerged. Green assets are becoming more common in Tennessee homes, and it is important to understand how they can affect your property division if you are going through a divorce. Understanding green assets Green assets are investments that contribute to an eco-friendly lifestyle. There are renewable energy sources, such as solar panels and wind turbines. Additionally, sustainable living practices, including organic farms and green-certified properties, a ..read more