Get a Smart Divorce Blog

What Is QDRO?

Posted on January 12, 2014

A QDRO (Qualified Domestic Relations Order) is a legal document necessary when dividing a qualified retirement plan such as a 401(K) or 403(b). It is not required when dividing an IRA. A QDRO is typically prepared by the divorce attorney and costs about $1,200. If you are dividing retirement funds...…

Understanding Stock Options

Posted on December 15, 2013

If in the midst of divorce and your marital estate includes stock options, it is important to understand the details. Stock options cannot typically be transferred to the other spouse. For example, if your spouse receives the stock options from their employer, they are assigned to that person and...…

Don’t Forget the Financial Details

Posted on November 3, 2013

A divorce client mentioned she was considering allowing her husband to have three years to pay her the money he owed her from her share of their business. Giving him three years would reduce the considerable financial pressure on her soon to be ex-husband and his business. I told her I thought this...…

Divorce Debt

Posted on September 7, 2013

A divorce client walked into my Nashville this week asking me to help them address paying off their debt. This is a common problem that unfortunately too many of us face. Credit card debt is by far the biggest problem. For example, if you have $5,000 in debt on a credit card, your interest rate is...…

Graduation Day and Divorce

Posted on June 9, 2013

Graduation day from high school or college is a proud day for parents. Our children look so grown up in their cap and gown as the walk across the stage to receive their diplomas. After the ceremony, the family frequently enjoys a meal together. Imagine both parents at the event being able to enjoy...…

Get a Financially Smart Divorce and Secure Your Future

Posted on May 16, 2013

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...…

Customize Your Divorce Settlement to Meet the Needs of Your Family

Posted on March 27, 2013

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...…

Estate Planning Issues and Divorce

Posted on February 17, 2013

If you are divorcing, after the divorce is over, you will have some estate planning details that should be addressed sooner than later. Most people realize that they will need to revise their will. However, you will also need to revise the beneficiaries on your bank/investment accounts, retirement...…

Collaborative Divorce in Nashville, TN

Posted on January 21, 2013

A collaborative practice divorce has been getting some good publicity recently in Nashville, TN. Did you see the article in the Tennessean regarding the collaborative divorce of Bill Frist? This type of divorce has many advantages over a typical litigated divorce primarily because a collaborative...…

Why Separate Credit Cards?

Posted on December 2, 2012

If you are divorcing in Nashville, TN and beyond, you need to understand if you are the primary card holder or just the authorized user for any credit cards you are currently using. You can obtain this information by calling the credit card company directly (their phone number is on the back of the...…