Understanding Divorce and the Family Business
Martin Heller Potempa & Sheppard PLLC
by MHPS Law
1M ago
The divorce process can bring up difficult questions about how to divide the assets you’ve accumulated during your marriage. For couples with high net worth, this process becomes even more complex and potentially contentious. Preserving wealth in a high-asset divorce is particularly challenging, especially when significant business interests are involved. In this article, we’ll explore... The post Understanding Divorce and the Family Business appeared first on MHPS Law ..read more
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8 Essential Items to Bring to Divorce Mediation
Martin Heller Potempa & Sheppard PLLC
by MHPS Law
1M ago
Divorce is challenging, especially when navigating a high-asset divorce, but mediation can ease the process. Divorce mediation offers a more effective and less stressful way to address complex issues like dividing marital property or determining alimony, compared to the emotionally exhausting and costly battles of divorce court. In fact, mediation is so effective in resolving... The post 8 Essential Items to Bring to Divorce Mediation appeared first on MHPS Law ..read more
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Is it Bad to Write a Handwritten Will?
Martin Heller Potempa & Sheppard PLLC
by MHPS Law
1M ago
Unlike some other states, Tennessee recognizes handwritten wills, also known as holographic wills, as a valid way for an individual to direct what is to be done with their assets and wealth in the event of their death. However, just because something is legal does not always mean it is the best course of action.... The post Is it Bad to Write a Handwritten Will? appeared first on MHPS Law ..read more
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Is it Bad to Write a Handwritten Will?
Martin Heller Potempa & Sheppard PLLC
by mhpslaw
3M ago
Unlike some other states, Tennessee recognizes handwritten wills, also known as holographic wills, as a valid way for an individual to direct what is to be done with their assets and wealth in the event of their death. However, just because something is legal does not always mean it is the best course of action.... The post Is it Bad to Write a Handwritten Will? appeared first on MHPS Law ..read more
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Can a Mediator Override a Judge’s Decision in Divorce Court?
Martin Heller Potempa & Sheppard PLLC
by mhpslaw
3M ago
There are two stages the divorce process can play out on—divorce court and divorce mediation. In Tennessee, a couple’s divorce will typically involve both mediation and litigation, especially if the divorce is contested (while an uncontested divorce may bypass most court proceedings). For example, divorce proceedings may start in court and incorporate mandatory mediation, or... The post Can a Mediator Override a Judge’s Decision in Divorce Court? appeared first on MHPS Law ..read more
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How Do You Prepare for a High Net Worth Divorce?
Martin Heller Potempa & Sheppard PLLC
by mhpslaw
4M ago
Divorce can be a messy, stressful situation. When a wealthy couple divorces, those emotional and logistic stressors surrounding legal separation are compounded by the additional complexity of disentangling valuable assets and property shared within marriage and ensuring that both ex-partners walk away as satisfied with the division of assets as possible. High asset divorce has its own unique considerations—and in this article, we will delve into these considerations and take a look at the factors that make high net worth divorce difficult, as well as offer tips on how to prepare for divorce an ..read more
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Divorce Mediation: Can Filing for Divorce Save a Marriage?
Martin Heller Potempa & Sheppard PLLC
by mhpslaw
6M ago
Divorce mediation is often viewed as the last step before finalizing a separation, but could it also offer a chance to save a marriage? While it might seem counterintuitive, the mediation process can sometimes reveal pathways to reconciliation. By fostering open communication and mutual understanding, mediation might serve as a unique platform for couples to reevaluate their relationship. Engaging in divorce mediation can help couples address and resolve underlying conflicts, potentially leading to saving their marriage. So, can filing for divorce save a marriage? Let’s delve into how the medi ..read more
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Changing Attorneys During Divorce: Make the Right Move For Your Case
Martin Heller Potempa & Sheppard PLLC
by mhpslaw
7M ago
Starting the divorce process is not only emotionally taxing but also a journey that demands the right legal guidance to navigate through the complexities of family law. The attorney you choose plays a pivotal role in the outcome of your divorce, influencing everything from asset distribution to child custody arrangements. However, there might come a time when changing attorneys during divorce feels necessary to align with your evolving needs or to address concerns that weren’t apparent at the outset. While considering changing lawyers during a divorce, it’s natural to wonder — Is it bad to cha ..read more
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Is a House Owned Before Marriage Marital Property?
Martin Heller Potempa & Sheppard PLLC
by mhpslaw
8M ago
Understanding how property owned before marriage is treated in a Tennessee divorce is a common concern for many going through the separation process. Many wonder, is a house owned before marriage marital property in Tennessee? Understanding the distinction between what you owned before marriage and assets acquired during it is crucial in divorce proceedings. Continue reading as we explore Tennessee’s approach to determining if owning property before marriage or a house purchased before marriage falls into the marital estate and offer insight into how an experienced attorney can guide you throu ..read more
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Preserve Your Legacy With Business Succession Planning Strategies
Martin Heller Potempa & Sheppard PLLC
by mhpslaw
9M ago
You and your spouse have spent decades working hard, building up a thriving business, and making the right investments to build your family’s wealth. Now that you’re aging gracefully into your twilight years and approaching retirement age, you know it’s time to ensure that your estate plan includes strategies for preserving the wealth from your business so it can continue to benefit your family for generations to come. A business succession plan is about more than just choosing who to put in charge of your business after you retire. Rather, business succession planning strategies run the gamut ..read more
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