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Showing posts with the label financial planning

Second Marriages and Prenuptial Agreements: Planning Your Future Together

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Entering into a second marriage is a beautiful opportunity for a fresh start, but it also brings unique financial considerations. A prenuptial agreement is a practical way to ensure that both partners enter the marriage with clarity and security. While prenuptial agreements often get a bad reputation, they’re really about protecting both parties and fostering open, honest conversations about finances before marriage. In the Nashville and Franklin areas, second marriages often involve blended families, significant assets, or businesses. With a well-crafted prenup, I can help you safeguard your financial future and create a solid foundation for your new life together. Why a Prenup is Important in a Second Marriage 1. Protecting Your Children’s Inheritance One of the most common reasons for creating a prenuptial agreement in a second marriage is to protect the inheritance of children from a previous marriage. Without a prenup, your assets may be transferred to your new spouse in the e...

Divorce After 50 with Grace and Financial Confidence

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Navigating Divorce After 50 with Grace and Financial Confidence Divorce after 50 has become more common in recent years, and while it’s often referred to as “Gray Divorce,” I prefer to call it "Golden Divorce". This term better reflects the wisdom, experience, and new beginnings that many individuals bring to this stage of life. Divorce at this time can come with complex emotional and financial challenges, but it can also offer the opportunity to craft a future full of potential. For those in the Nashville and Franklin area, divorce after 50 requires special attention to issues like retirement, health care, and long-term financial security. My goal is to help clients navigate these complexities with confidence and a clear plan for the future. What Makes a Golden Divorce Unique? 1. Retirement and Social Security Considerations When divorcing later in life, retirement accounts often represent a significant portion of the marital assets. Whether it’s a 401(k), IRA, or pensio...

How to Prepare for Divorce in Tennessee and Meet Your Attorney

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  Divorce is difficult, but being well-prepared can make the process smoother. If you’re divorcing in Tennessee, there are a few important state-specific details to consider. Here's a step-by-step guide to help you prepare before meeting your attorney: 1. Gather Essential Documents Your attorney will need comprehensive information about your financial and personal situation. Here’s what to bring: Financial Records: Bank statements, tax returns (last three years), pay stubs, investments, retirement accounts, and debts (credit cards, loans, mortgages). Property Information: Deeds, appraisals, titles, and info on jointly owned assets like cars, homes, or valuable items. Marriage Documents: Marriage certificate, prenuptial/postnuptial agreements, and previous legal filings. Custody Information: For children, bring birth certificates, school records, medical history, and any court orders or agreements on custody. 2. Tennessee-Specific Divorce Requirements Grounds for Divorce: Tenne...