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
Category Archives: Cost of Divorce
AVOID DIVORCE INSURANCE MISTAKES
Warning: Will Your Insurance Protection Survive Your Separation and Divorce? Divorce is traumatic enough without the financial complications of an uncovered insurance loss. Attorneys and judges are quick to consider life and health insurance in divorce cases. But frequently other forms of personal insurance do not get much attention. During a divorce judges frequently tell the parties in a divorce not to make any changes to their insurance policies. What the judges are trying to do is stop malicious tampering with insurance policies by the warring spouses. However, legal professionals sometimes overlook common but crucial property and casualty insurance issues. … 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
Minimize Unnecessary Expenses During Divorce
Regardless of how much divorcing spouses may dislike each other, they often equally dislike spending money on a divorce battle and draining their hard earned savings and retirement funds on unnecessary legal fees. Consistently, I strive to avoid letting uncertainty whip my Nashville, TN clients into an emotional tizzy. The more frenzied their emotions, the longer the proceedings and the more costly the divorce. Frequently, it is the emotions in divorce that cloud people’s thinking and result in tens of thousands of dollars spent unnecessarily. As a divorce financial planner and mediator, I am aware of the emotional issues my … Continue reading