Runyon & Runyon
  • "This little note is to say thanks for all you have done for me. You worked so hard to prove that we told the truth. However it turns out, I know you did your best."
  • "Thank you and the Runyon team for everything that you all have done for my son. I truly appreciate it."
  • "Thank you Mrs. Browning for all of your help, and if you could pass my thanks on to Ray. Your team helped more than you know. If you ever need to reach me for anything further ill be here.Thank you again."
  • " I can’t put into words how grateful I am for all you have done for me. Thank you for listening and understanding what I was going through...”
  • " Thank you for taking care of everything for me in a professional manner. The staff is awesome also!”
  • " I wanted to thank you for your support. You are the best attorney in Clarksville. I could not have done it without you”
  • " Should I need legal service again you will be my only one to call. Thank you so much”
  • " Ray took time out of his busy schedule to fit us in at a time of crisis on several occasions”
Read More
Contact Us For An Appointment
toll free 800-568-1534
local 931-305-0061

When divorcing, focus on the future in terms of your assets

For people in Clarksville who go through a divorce, there will be many issues that need to be sorted out -- not the least of which is finances. Many people might focus on wanting to keep the house in a divorce because that would seem like the biggest asset to come away with. However, some experts say this is not necessarily the best choice.

While it is true that a house might have the greatest value, its actual worth can be deceiving. Houses require upkeep and improvements; this might become more burdensome for a divorced person instead of a married couple. Also, what might have been a reasonable mortgage payment divided between two people might suddenly be uncomfortably large for just one person after a divorce.

Additionally, houses are notoriously illiquid when it comes to an investment vehicle. While stocks or retirement accounts might be converted to cash in the event of an emergency, real estate takes a considerable amount of time to put on the market, sell and reap the proceeds. Also, if there is still a mortgage on the property, the profits in what continues to be an unpredictable housing market could be much less than a person might expect.

These are just some of what can be a lot if variables that need to be addressed during a divorce. While many people might be tempted to go it alone, the complicated nature of the proceedings might mean that working with an experienced divorce attorney could be of great benefit.

Source: CNN Money, "Rebuild your nest egg after a divorce," Beth Braverman, Donna Rosato and Penelope Wang, Feb. 21, 2013

No Comments

Leave a comment
Comment Information

We Have Answers

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy