Is Cash Considered an Asset in Divorce?
Is money an asset in divorce? Is my wife entitled to half my savings? What happens to cash in bank accounts in divorce? Is Cash Considered an Asset in Divorce? Yes. Marital property can include cash, checking, savings, insurance policies with a cash surrender value, retirement accounts, and investments including stocks, bonds, and mutual funds. […]
Read More»Can I Hide a Bank Account During a Divorce?
Attempting to Hide Assets Before Divorce? Can you hide bank accounts in divorce? What Happens if a Spouse Hides His or Her Assets During a Divorce? Can I Hide a Bank Account During a Divorce? In divorce, you may be asked to or required to disclose assets you own and control under oath subject to […]
Read More»How Do Spouses Hide Assets?
How do you find out if your spouse is hiding assets? The Challenges Involved When Spouses Hide Assets in a Divorce. How to Find Hidden Assets in Divorce. How Do Spouses Hide Assets? Common ways for hiding assets include off-shore accounts, transferring assets to friends or family members, cash held in safety deposit boxes or […]
Read More»How Do You Find Hidden Assets in Divorce?
Steps to Take to Locate Hidden Assets in Your Divorce. How do you find out if your spouse is hiding assets? How to Find Hidden Assets with a Forensic Accountant. How Do You Find Hidden Assets in Divorce? Finding assets starts with assembling as many financial records as possible including tax returns, personal financial statements, […]
Read More»Husband Gets 27% of Wife’s Teacher Pension as Agreed
Tennessee case summary on pension and retirement division in divorce. Robert Martin Thompson v. Christie Lee Thompson For more discussion of this case, and the financial principles involved, see Rob Vance’s guest blog, Application of the Coverture Fraction to a Deferred Distribution of a Tennessee Consolidated Retirement System (“TCRS”) Pension Plan. The husband in this […]
Read More»Ex-Husband Not Liable For Tax Bill After Ex-Wife’s Pension Withdrawal
Tennessee case summary on tax liability and property division after in divorce. Ebenezer Olusegun George v. Byrle Victoria Smith-George The husband and wife were divorced in Shelby County, Tennessee, after executing a marital dissolution agreement. The agreement provided that the wife was to be awarded a total of $450,000 from the husband’s retirement, and provided […]
Read More»Wife Gets Share of Husband’s Railroad Pension, But Court Must Use Correct Language
Tennessee case summary on pension division in divorce. Stacy Renee Lofton v. James Warren Lofton This was the second divorce for this Obion County, Tennessee, couple. They were remarried in 2009, but the wife filed for divorce in 2019. She was granted a divorce on the grounds of inappropriate marital conduct in 2020. The trial […]
Read More»Divorce Settlement Not Subject to Reformation Due to Alleged Mistake
Tennessee case summary post-divorce. Cynthia Lawrence v. Thomas Lawrence The husband and wife in this Shelby County, Tennessee, case were married in 1989 and had four children. The wife filed for divorce in 2017, and the parties successfully mediated the case, and the trial court approved their agreement in 2018. The next year, the wife […]
Read More»Husband Played “Hide and Seek” With Cattle During Divorce
Tennessee alimony divorce case summary after 25 years married. Brent Landon Carter v. Shannon Dale Carter The husband and wife in this Overton County, Tennessee, case were married in 1995, and had two children, both of whom have reached the age of majority. The husband and wife lived on a 212-acre farm owned by the […]
Read More»Application of the Coverture Fraction to a Deferred Distribution of a Tennessee Consolidated Retirement System (“TCRS”) Pension Plan
Thank you to Robert Vance, CPA, ABV, CFF, CVA, CFP for allowing us to reprint his article describing and discussing this important appellate opinion and adding important notes. ROBERT MARTIN THOMPSON v. CHRISTIE LEE THOMPSON, Appeal from the Circuit Court for Putnam County, No. 2015-CV-229 Amy V. Hollars, Judge, In the Court of Appeals of Tennessee at Nashville, No. […]
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