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& Pemerton PLLC
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divorce Archives

Holiday transitions after a divorce

When Tennessee parents decide to divorce, the winter holidays can be an especially difficult time for all members of the family. This is particularly true when the divorce or separation is fresh as family members have had little chance to accustom themselves to the changes in family circumstances. Both parents and children may face emotional fallout during the holidays after a divorce, but parents can act to make the experience better for their children.

Financial pitfalls to avoid during a divorce

Divorce is often a time of upheaval and great emotional stress during which spouses are expected to make a series of important financial decisions. The choices made during alimony and property division negotiations can cast long shadows, but divorcing couples in Tennessee who approach these matters dispassionately and listen to the advice of their attorneys, accountants and financial planners may be able to avoid some common pitfalls.

Couples who live together may not last

Some scientists say that the premarital cohabitation effect is not a real phenomenon. However, new research says that Tennessee couples could be impacted by it over the long-term. According to the authors of the study, cohabitation before marriage offers a benefit for the first year of marriage. However, it becomes a factor in whether a couple divorces each year thereafter. Other research concluded that this impact would be negated as cohabitation became more common and accepted.

Gray divorce can lead to health issues

Many Tennessee estranged couples know that divorce can be extremely stressful for people of all ages. However, research suggests that ending a marriage can be especially hard on people at or over the age of 50, causing a number of physical and psychological issues.

Attorneys say prenups are on the rise

Millennials in Tennessee may be seeking prenuptial agreements in higher numbers than couples from previous generations. In the past, prenups were mostly associated with celebrities and other wealthy people, but in more recent years, that has changed. A survey by the American Association of Matrimonial Lawyers found that almost two-thirds of attorneys reported an increase in prenups over the last three years, and about half said more millennials were seeking them.

Divorce can be a period of major financial changes

There are a range of sudden financial changes that accompany divorce. Often, people in Tennessee find it more difficult to move past the financial aspects of the end of a marriage than the practical or even the emotional aspects. In fact, divorce is often the occasion for financial surprises that can change a person's perception of the financial health of the marriage or his or her plans for the future. One study interviewed 1,785 divorcing or divorced women and found that nearly half experienced major financial surprises.

The role of a home in post-divorce retirement assets

Whether or not to keep the home in a divorce may be a difficult decision for some people in Tennessee to make, especially since there are advantages and disadvantages to either choice. A study by the Center for Retirement Research found that on average, divorced women who remained single tended to have similar assets for retirement as never-married women despite the fact that people who divorce have a 5 percent higher chance of spending all their assets during retirement on average. The difference for women seems to be whether they get the home as an asset in a divorce.

Divorce and paying for college

Tennessee parents who are getting a divorce should be aware of how the process can impact them financially. If they have financial plans in place to send their children to college, they should give particular consideration to how the divorce may affect those plans. It will take careful strategizing to make sure that they are able to contribute financially to their children's college education after a divorce.

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.

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