Michele McGill Family Law & Civil Litigation

For business owners divorce introduces an additional layer of complexity. Not only are your personal finances at stake, but your business—your livelihood—could be divided as well. Whether you started your business before the marriage or built it together, the way it is valued and divided can have long-lasting financial implications. As an experienced divorce attorney serving Franklin, Tennessee, I’ve worked with many entrepreneurs navigating this delicate process. In this article, I’ll outline critical strategies to help protect your business during divorce and secure your financial future. 1. Is Your Business Considered Marital Property? In Tennessee, divorce follows the principle of equitable distribution. This means that marital property is divided in a fair, but not necessarily equal, manner. One of the first questions to address is whether your business is classified as marital property or separate property. • Marital Property includes assets acquired during the marriage, and ...

Preparing for divorce can help you take control of the process, reduce stress, and protect your future. Whether you’ve made the decision or you’re considering it, taking the right steps early on can make all the difference. Here’s a concise guide to help you prepare for divorce in Nashville, Tennessee. 1. Understand Your Rights and Options Before filing for divorce, familiarize yourself with Tennessee’s divorce laws. Tennessee offers both fault-based and no-fault divorce options. No-fault divorces are based on irreconcilable differences, while fault-based cases may include grounds like adultery or abandonment. Knowing your options can shape your strategy. 2. Hire a Divorce Lawyer Early One of the smartest moves you can make is to consult a divorce attorney as soon as possible. An experienced lawyer will guide you through the process, explain your rights, and help you avoid costly mistakes. Don’t wait until things get messy—having an expert like Michele McGill on your side from the star...