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Divorce Archives

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.

Planning for a new school year following a divorce

A new school year in Tennessee comes with a wide range of emotions for any child. There's the excitement of being around familiar friends and getting back to favorite sports and the anxiety over tackling more challenging classes. The apprehension of returning to school can be even greater for children following a divorce, especially if they'll now be splitting their time between two households. One way parents may be able to make the transition easier is to have a solid game plan in place before the school year begins.

Dealing with restrictions while a divorce is pending

When Tennessee couples decide to divorce, they may prepare an array of financial, social and practical changes and consequences. Indeed, there will be many changes that take place after the divorce is finalized and asset division is completed. However, there are also a number of restrictions that both spouses will have to deal with while the divorce is pending.

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.

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.

Social media parameters in prenups

If you are involved in a serious relationship in Tennessee and have been discussing formalizing your commitment by getting married, now is the time to also discuss creating a prenuptial agreement with your partner. Marriage is as much a business and financial arrangement as it is a personal and emotional one which makes prenups important for people who want to address all sides of this relationship.

Divorce and dealing with it

Tennessee parents, like parents everywhere, experience plenty of guilt during a divorce; it comes hand-in-hand with second-guessing yourself. "Am I making the right decision?" "Will I regret this?" "How is this going to affect my kids?" The guilt can be crippling. The team at the Bodie Law Office understands that divorce is never an easy decision to make, and when children are involved, the decision is even tougher. We have guided many clients through this difficult journey.

Why is gray divorce so bad?

Regardless of your age, if you are one of the married people in Tennessee, you know that marriage is rarely easy. Many people find ways to make their marriages work and even be fulfilling and positive parts of their lives. Others, however, end up making the choice to get divorced. The emotional and financial losses associated with the end of a marriage can be felt by any divorcing spouse but when you are at an age where retirement is nigh, you might evaluate the financial aspect of your divorce differently than if you were 20 years younger.

Divorcing your Valentine? Take these three steps

Valentine's Day is not always about romance. If you are dealing with a declining marriage and even the thought of this lovey-dovey holiday makes you cringe, it is not just you. In fact, CNN Money reports that there is a substantial spike in divorce filings the day after Valentine's Day. It is a day that causes many couples to realize they are not happy with their marriages.

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