People get divorced everyday. Getting a financially smart divorce… not so much. Clients need to think about not only what they need today but, tomorrow. Inflation makes dollars worth less in the future. You should not accept an offer without considering inflation, the fact that as kids grow, their clothes get more expensive and the HVAC unit you’ll need to replace next year. Yes, divorce is a miserable experience and most people just want to get it over with and stop the pain… However, you’ll live with the effects of the settlement for the rest of your life. Take the … Continue reading
Category Archives: Alimony
CUSTOMIZE YOUR DIVORCE SETTLEMENT TO MEET THE NEEDS OF YOUR FAMILY
If couples hope to achieve a fair divorce settlement that is acceptable to both spouses, thinking outside the box is essential. I’ve never had the exact same settlement for any of my Nashville clients because each family is unique and so are the solutions to their problems. A settlement that I am currently crafting with a couple is a good example. They own a home. The husband has moved out and the wife and child are living in the marital home. He cannot afford to buy out the wife’s share of the equity in the house. She can’t afford to … Continue reading
EXECUTIVE COMPENSATION AND DIVORCE
Executive compensation poses unique challenges during divorce. Does your spouse have stock options? If so , what was the issuing price? Can those options be assigned to you? Are you sure? Common stock and restricted stock can be tied to performance and therefore many times is not fully vested at the time of divorce. What about a pension? Do you know the current value and understand the restrictions placed by the benefits administrator? If you are not well versed in executive compensation, you can walk away from the divorce leaving quite a bit of money on the table and think … Continue reading
ALIMONY ISSUES
This 7 letter word paralyses men with fear. How much will I have to pay? For how long? It also paralyses women. Can I receive it? How much can I receive? How long will it last? I understand why this is such an emotional issue. However, emotions aside, it really comes down to numbers. Attorneys tell me that TN divorce laws discuss 16 factors that are considered for alimony. However, need and ability to pay are the 2 factors that get the most attention. As the wife and husband, your job is to prove what you need and what you … Continue reading