August 2017 Archives

How forensic accountants assist in high asset divorces

People lead different lives in Tennessee and each one is unique despite what people see on the outside. Just as each marriage is unique, each divorce is unique as well. Each divorce may deal with similar issues, but how those issues are decided vary depending on the circumstances of the marriage.

Who will receive one's property if they do not have a will?

While death is a guarantee for everyone in Tennessee, most do not really think about it until it becomes imminent. There are way too many things to think about in one's daily life to worry about what is going to happen when one dies. However, people also cannot take their possessions with them after they die either. Everything one owns will end up in the hands of another person. The law states who will receive people's possessions, if they do not have a will directing where the belongings should go.

Understanding child custody

Child custody laws differ from state-to-state, so it is important to be familiar with child custody laws in the state where the parents and child reside and to understand what the child custody laws are. In general, child custody considerations are always based on what is in the best interests of the child and achieving a child custody arrangement that is in the best interests of the child.

Yes, it is important to change your will after divorce

It’s important to update your will after you go through a divorce for a number of reasons. First, you may no longer want your ex-spouse to have access to your assets if you pass away. Second, you might want to guarantee your biological children receive your assets first in the event of your passing. Finally, if you have sole custody and the other parent cannot take on custody full-time or at all, you might want to designate a guardian of your children if you pass away suddenly.

Why the courts focus on the best interests of the child

During the process of a divorce, if there are children involved from the marriage, it is important to consider their feelings and to understand how they will cope with this new change in life. Although children are often smarter and more in tune with what is going on than you believe, it is human nature to resist change, and it may be difficult for a child to adjust to the multiple changes in their life that is associated with a divorce.

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