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Tennessee Divorce Law Article
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Divorce Advice for Women
from: Maxx Family LifeIn the heat of the moment, you can easily act out of fear and resentment. This happens also in divorce. And since women are the more emotional of the spouses, they end up making poor financial decisions because they were too angry, too hurt, or too afraid to think rationally.
If you feel as though you are in the same boat as many of these women, stop before it is too late. Follow the divorce advice for women we have below:
Take Stock of Your Net Worth
In the traditional family setting, the men are the breadwinners and the women are the ones responsible for child rearing and keeping the domestic scene together. However, in these modern times, the image of the man as the sole breadwinner is being dispelled as many women are now taking on that role. Now, suffice to say that both men and women are on equal footing when it comes to providing financial support for the family.
In any case, as divorce advice for women, it is important that you take stock of all your assets and liabilities when considering a divorce. Make a list if you have to and indicate which one is yours, his, or joint.
Also, additional divorce advice for women is to organize your financial file, making sure you include the following:
* Tax returns for the past five years
* Retirement account records
* Insurance policies (life, disability, long-term care, health, homeowners, auto, and umbrella)
* Investment account statements (brokerage, mutual funds, IRAs, SEPs, custodial, and 529 plans)
* Wills
* Living wills
* Trusts and powers of attorney
* And other important legal/financial documents
Use these as your reference when it is time for you to divide your assets.
Value vs. Price
Sometimes, assets in a marital relation may not yet be turning a profit. However, when you ask a professional to assess it, the objective business valuation says that it is promising. This is what is called value, as opposed to price.
Good divorce advice for women is to understand the value of assets, not just their worth at the time you are considering a divorce. For instance, the husband might own a business, however, it has yet to turn in a profit. But then the prospect looks promising and you are certain that the business is going to make a turn for the better in the future. As a divorce advice for women, you should consider waiting to receive a guarantee of a percentage of the future sales proceeds, profits, and/or income.
This is good divorce advice for women because this way, the business remains for the benefit to the family (children). On top of that, you receive what is rightly yours.
Tennessee Divorce Law News
Tennessee Family Law Attorneys at Menefee & Brown, P.C. Launch New Website to Further Assist Clients
The Knoxville law firm of Menefee & Brown, P.C. recently launched a website to make it easier than ever to connect with an experienced divorce or family law attorney or get answers to basic legal questions. (PRWeb May 21, 2013) Read the full story at http://www.prweb.com/releases/2013/5/prweb10745716.htm
Read more...DesJarlais Will Pay State Fines for Medical Misconduct
Several months since the revelation broke that Rep. Scott DesJarlais engaged in inappropriate relationships with patients during his pre-congressional career as a doctor, the tea-party-backed, two-term Tennessee Republican will pay a fine and receive admonishment from the Tennessee Board of Medical Examiners.
Read more...The Edge: Poll: Americans Divided Over Linking Security, Citizenship in Immigration Bill
The Edge is National Journal's daily look at today in Washington -- and what's coming next. The email features analysis from NJ's top correspondents, the biggest stories of the day -- and always a few surprises. To subscribe, click here.
Read more...Trial begins in international custody case
NASHVILLE, Tenn.—A trial was to begin Tuesday in federal court that will determine what country will decide the fate of two 13-year-old twin boys at the center of an international custody battle that extends from Eastern Europe to Middle Tennessee.
Read more...Many agencies are available to help with your problems
ABUSE ALTERNATIVES: Bristol area support group for women and children who are victims of domestic violence. Group meetings are held each Monday 5:30-7 p.m. at a confidential location, 423-764-2287.
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