Are you struggling to keep your cool while dividing the assets in a divorce? Other than contested custody matters, dividing the marital property in a divorce causes the most dissension between couples. This is especially true when there are many high-value assets and resources to divide.
If you're facing a Tennessee divorce, you may discover during the process that it appears as if some of your marital assets have disappeared or at least dissipated. Could your soon-to-be ex-spouse be playing fast and loose with your jointly owned property?
One thing that some spouses experience as a result of a divorce is bankruptcy. The relationship actually may have teetered on the brink over finances, as it's reported that 22% of divorces are tied to disagreements over money matters.
Dividing the fruits of a marriage in a divorce is typically a messy process, although it doesn't have to be. The damage can be mitigated by having a valid prenuptial agreement in place. Even without one, however, couples can still navigate these shoals with equanimity.
Some couples stay together for the kids, thinking misguidedly that living with two unhappy parents is better than growing up with divorced parents. But other couples remain in loveless unions because they worry their co-owned business might take too big of a hit in a divorce and wind up failing.
People going through divorce often cling to whatever represents security for them. Often, that can be the family home. It's understandable, especially when there are children involved, to want to minimize the stress and changes for them. Retaining the family home in a divorce can provide a semblance of continuity that can provide the kids with peace of mind during the proceedings and beyond.
If you are in the middle of a high-asset divorce with your spouse, you may be wishing that you had signed a prenuptial agreement prior to getting hitched. Regardless, now you and your soon-to-be ex will need to negotiate the terms of your property settlement.
When divorces unfold, the spouses often get caught up in the emotional aspects of the split and fail to focus on the terms of the property settlement. This can be a major mistake because what you take away from the marriage is what will prepare you for the life ahead.
Long-married couples with significant assets have more to lose in a divorce than those who were only married a short while and have few assets or resources. That's why it is imperative that both parties retain their own Seymour family law attorneys who can fight to make sure their clients receive all that they are legally entitled to have.
If you are a woman going through a later-in-life "gray divorce," you need to make some strategic decisions when it comes to your property settlement. This is vital to understand, as the divorce rates for those 50 and older continue to rise.