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May 2018 Archives

Planning for children's college expenses after a divorce

While approximately 40 percent of marriages in Tennessee and around the country will end in divorce, 66 percent of married people do not have financial plans in place in case they get divorced or their spouses die. This can have a major impact on people's finances. When they have children who plan to attend college, it can make it even more difficult.

Child support spending is interpreted broadly

Now that the family law court has set your child support amount, you may think you can breathe a sigh of relief. However, to your dismay, you feel anxiety about your child support check. What if your ex tells you what you can and cannot spend the money on? Can the courts regulate your spending? Will you get in trouble if you decide to spend child support on a nonessential item? These concerns are not uncommon for Tennessee parents who receive child support.

Financial surprises may happen in some divorces

Some people in Tennessee may be surprised to learn how little they know about household finances and investing when they get a divorce, and according to a survey by UBS Global Wealth Management, this is more likely to be women than men. The survey gathered information from 1,500 couples and more than 600 women who were widowed or divorced. All had at least $250,000 to invest.

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10265 Kingston Pike
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Knoxville, TN 37922

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