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October 2018 Archives

Your divorce does not need to be a war

Ending your marriage may be causing you and your spouse a lot of pain. Both of you are likely feeling some mixture of anger and sadness. You may also be dreading the thought of endless courtroom arguments. However, the belief that divorce needs to be nasty is a misconception.

Dispelling common prenuptial agreement myths

For some couples in Tennessee, simply mentioning a prenuptial agreement brings to mind concerns about mistrust and the possibility that a marriage may already be doomed before the "I dos" are exchanged. Oftentimes, such beliefs stem from popular misconceptions people have about prenups. One of the most common ones is that such agreements are only necessary if one soon-to-be-spouse is exceedingly wealthy or a higher earner than the other person.

Divorcing after the changes from the Tax Cuts and Jobs Act

Couples in Tennessee who are considering divorce in which alimony will be a factor may want to look into making sure the divorce is finalized in 2018. Starting in 2019, spousal support payments will no longer be tax-deductible for the payer. Although the recipient will also not be required to pay taxes, experts say the change will probably mean less money for the recipient.

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Smith, Lehberger & Bodie

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Smith, Lehberger & Bodie
10265 Kingston Pike
Suite C
Knoxville, TN 37922

Phone: 865-643-8626
Fax: 865-337-7363
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