Divorcing couples who jointly own a Florida business often struggle to keep the doors open after they split. It is an unfortunate fact that many businesses can't weather the storm of its co-founders' divorce.
Sometimes during a divorce, one spouse attempts to hide marital assets from the other spouse. This happens most frequently in high-asset divorces.
If you are a Tennessee resident who is divorcing and who also has significant marital assets, you can expect your divorce to be a bit more complex than it would be if you and your spouse had just gotten married and had few assets.
Those who are facing a high-asset divorce in Tennessee understand that no simple solution exists to overcome all of the challenges they may face during the process. Dividing assets when valuable assets are a factor can bring many troubling issues to the surface. For example, if one or both spouses feel that the property division is unfair, it can lead to an all-out war inside a courtroom.
Spouses seeking a high-asset divorce in Tennessee have many expectations about how the process will evolve. Divorce attorneys try to anticipate these expectations and to have answers ready for their clients. It is safe to say that many clients are surprised when their lawyer shifts the focus to seemingly small details instead of diving right in to the "meat" of the divorce.
Do you like the technology that now lies in the palm of your hand? Most people, including our attorneys, would answer that question with an enthusiastic yes. No one disputes the benefits that digital technology has brought to residents of Tennessee. However, it is also important to know how someone, say an ex or soon-to-be ex, might use that technology against you.
When we talk about divorcing with valuable assets, we sometimes recommend divorce mediation. As with other family law solutions, it is not an appropriate answer for all couples, but for many, it can make the process of splitting up easier, faster and less combative.
Any divorce could take an unexpected turn from amicable to hostile, even with spouses who begin on the friendliest of terms. This may happen because the issues surrounding divorce are so important to the people involved. Matters related to children usually top the list as the main cause of contention, but financial matters can also lead to conflict.
When you have to divide up your assets because of a divorce, there are some assets that you will find much easier to part with. You've likely worked hard to get the things you have and don't really see why you need to be the one to bid adieu to certain ones. This is what makes asset division difficult in some cases. We understand that you might already have an idea of what you want. While we can work toward this goal, we might need to evaluate the situation to assure nothing gets overlooked.
The holiday season is upon us and it's not a jolly time of year for everyone, especially those facing divorce. The holiday season can be the worst time of year to endure a divorce. Even if the proceedings began a month or so ago, going through your first holiday season after filing can be overwhelming. Here are some tips for dealing with the holidays in the midst of divorce.