Make The Right Choices To Protect Your Property And Wealth
Family law is complicated and emotional. For many couples, blending their wealth simply does not fit their situation. Children from a prior relationship, family heirlooms, hard-won business success are all reasons to think twice about your marital arrangements. By creating an asset protection strategy, you aren’t planning for a divorce; you are setting expectations.
As you can imagine, there is considerable room for interpretation and flexibility in Tennessee’s property division and inheritance guidelines, which is why it is so important to work with an experienced family law attorney who understands the nuances of high-asset property preservation. Hannah Burdine of Burdine Law is one such attorney. She has more than 20 years of experience in the legal profession, including more than a decade of offering guidance to Nashville-area clients in high net-worth divorce cases.
Considering The Future
Building a foundation for your financial future is a critical step for any relationship. Hannah Burdine helps you begin your marriage off strong by putting a premarital agreement in place. This can help you designate your children as your heirs for property, protect your retirement accounts or safeguard your heirlooms and sentimental property. She can also help you clarify your expectations through post marital agreements that suit you and your spouse.
In the event of a divorce, Hannah Burdine has extensive experience. She built our firm to be a strong advocate, prepared to fight for your best future. We assist business owners and investors throughout high-asset divorces. We will also discuss and strategize what to do about assets that either have a high-dollar value or are important to you or your spouse. These include:
- The marital residence
- Other real estate (vacation homes, rental properties, etc.)
- Vehicles (cars, boats, etc.)
- Retirement assets, including pensions, IRAs, 401(k) accounts and more
- Valuable personal collections
- Heirlooms and items with sentimental value
- Investment portfolios
Valuing Assets Correctly
Unless you and your spouse can agree on the value of a given asset, we will likely have it professionally appraised by an outside party. Once that is completed, we will also look more carefully at how the dollar value assessed may change when considering tax implications, appreciation or depreciation over time, and other factors.
Forensic Accounting And Uncovering Hidden Assets
It is unfortunately common for one spouse to try and hide assets as a way of keeping them out of the divorce proceedings. That’s why, in addition to conducting our own thorough investigation into your marital assets, we may work with a forensic accountant who can uncover assets your spouse may be trying to hide.
Have Questions? Contact Us For Answers.
To discuss your asset protection options with an experienced divorce attorney, contact our Nashville office at (615) 922-3399 or send us an email. We proudly serve clients in Davidson County and surrounding areas.