Get a Smart Divorce Blog

Collaborative Divorce

Posted on May 31, 2016

Collaborative divorce, is it right for your situation? That depends on many factors. A key factor is, the amount of money you want to spend on your divorce. A collaborative divorce is expensive. Plan on spending at least $25,000 if you take this route. It is often far more than this amount. If you...…

Divorce and Paying For College

Posted on August 29, 2016

Divorce and paying for college are topics I routinely discuss with my Nashville and Brentwood, TN clients. But, we discuss far more than just college expenses. There are college search trips, SAT prep classes, professionals to help your child with their essay, application fess and many more you...…

DIVORCE AND CHILDREN

Posted on February 27, 2017

Divorce and children are a topic I frequently discuss with clients in my Brentwood, TN office.  I have found it is critical to consider what is best for the children.  If the parents focus on that issue, the parenting plan falls into place.  Is it best for them to be on a 7 days off, 7 days on...…

DIVORCE AND VERIFYING NUMBERS

Posted on April 11, 2017

I met with a client in my Brentwood office today and discussed his ability to get a mortgage.  He spoke with a mortgage professional yesterday and that person told him he would qualify for a mortgage.  The numbers din not look right to me.  So, I called the mortgage contact.  They had...…

DIVORCE SETTLEMENTS AND THE LONG TERM FINANCIAL IMPACT FOR BOTH SPOUSES

Posted on June 18, 2017

A divorce settlement needs to look at the short-term and long-term financial impacts.  In the short term, what can the husband afford to pay in child support and or alimony?  What are the monthly expenses (including taxes) for both spouses and the children?  What amount of alimony does the wife...…

DIVORCE AND ALIMONY

Posted on August 7, 2017

Divorce and alimony are topics I discuss with clients every day.  It is really very straight forward and is all about the numbers... Attorneys tell me the main issues are how much does one spouse need and what is the other able to pay.  So, it is essential that both spouses have a solid...…

FINANCIAL ISSUES OF DIVORCE

Posted on November 26, 2017

Financial issues of divorce need to be clearly understood by both spouses to ensure a fair settlement.  Think about this... divorce is 45% emotional, 45% financial and 10% legal... Find this suprising?  Perhaps you are new to the world of divorce?  Granted, every case is different but, divorce...…

DIVORCE FINANCIAL FEARS IN NASHVILLE

Posted on December 17, 2017

Divorce financial fears in Nashville / Davidson County and Brenwood / Williamson county are common.  Having some finacial fears during this time is to be expected because intelligent people understand the stakes are high.  Considering the short and long-term impacts as well as tax consequences of...…

DIVORCE AND HOW TO SPEND YOUR MONEY ON PROFESSIONAL FEES

Posted on January 7, 2018

If you are considering divorce, you will have to decide how to spend your money on professional fees.  For example, a client called my Brentwood office about a month ago and said she needed help understanding her expenses so she asked her CPA to help her.  I asked her what experience her CPA had...…

DIVORCE AND TAXES IN 2018

Posted on February 11, 2018

Divorce and taxes is a topic I discuss with clients on a daily basis. The recent tax changes have significant impacts on divorce settlements. While understanding all of the changes can be overwhelming, below are common tax issues I've been explaining to and discussing with clients and their divorce...…

DIVORCE AND RETIREMENT FUNDS

Posted on March 6, 2018

My Nashville divorcing clients frequently ask questions about dividing retirement funds.  Attorneys tell me marital property including retirement funds are typically divided 50 / 50.  If part of the retirment funds were earned prior to the marriage then, part of the funds are premarital funds...…

DIVORCE AND LIQUIDATING RETIREMENT FUNDS

Posted on April 5, 2018

Divorce and liquidating retirement funds are frequent topics in my Brentwood and Nashville offices.  If you withdraw money from your individual retirement account before age 59 1/2, you will generally have to pay a 10 percent early withdrawal penalty in addition to income tax on the amount...…

DIVORCE AND CHILDREN'S EXPENSES

Posted on May 31, 2018

Divorce and children's expense are a topic that many divorcing couples fail to adequatley address.  Why?  Because they are so distraught and distracted that they are not thinking clearly.  Because they likely have not been divorced before, they don't know what they dont know.   For example, I...…

DIVORCE AND DIVIDING STOCK OPTIONS

Posted on July 15, 2018

Divorce and dividing stock options are topics I frequently review with clients in my Nashville and Brentwood, TN offices.  It is important to understand the stock options are tied to the spouse who is emplyed by the company issuing the options and typically cannot be transferred to the other...…

DIVORCE MEDIATION AND ALIMONY

Posted on October 4, 2018

Divorce mediation and alimony are topics I review daily with clients in my Brentwood, TN office. It is not a mysterious topic... Attorneys tell me alimony is determined by 16 factors (length of marriage, education of spouses, earning potential, contribution to the marriage etc.) but the two key...…

NASHVILLE DIVORCE MEDIATION PROCESS EXPLAINED

Posted on November 21, 2018

Nashville divorce mediation typically includes both spouses hiring an attorney. With two attorneys charging $300+ per hour and having two retainers of $3,000+ each, the case starts off expensive and fees increase quickly. Most divorcing spouses do not understand their case will likley not be...…