Horton, Ballard & Pemerton PLLCHorton, Ballard
& Pemerton PLLC
P: 423-243-3783 TF: 800-819-3927

divorce Archives

The importance of prenups

When couples in Tennessee get engaged, they do so with the intention of being married for life. Unfortunately, things don't always work out, and a marriage may end in divorce. This is always a difficult time, but the process of unraveling marital finances can be even more complex when one or both spouses come from a wealthy family.

Things parents should and should not do in a divorce

Parents in Tennessee who are getting a divorce can help ease their children's transition by talking to them about the divorce and ensuring that they do not believe they are at fault. They can also watch their children for signs of depression and anxiety. They might want to ask their children's friends and teachers about their adjustment. Parents should also keep in mind that these emotions may manifest as acting out in some children who do not express them verbally.

Splitting 401(k) accounts during a divorce

If 401(k) assets are divided between the two parties of a divorce in the wrong way, there could be very expensive penalties as well as a large tax bill. One ex-spouse may also receive more of the funds than the holder of the account intended. Divorcing couples in Tennessee can avoid ending up with these results by taking time to learn about the rules that govern their particular type of retirement account.

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