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Who Pays Private School Tuition After Divorce?
/0 Comments/in Divorce & Family Law /by Kirk Drennan LawDivorce hurts everyone, and children are often the most severely affected. That’s why one of the primary goals of divorce court is to minimize the damage to children. As a result, questions often come up about who will pay for extracurricular activities, tutors, private school, and other child related expenses. If you are facing a […]
Will I Have to Take on My Spouse’s Debt During a Divorce?
/0 Comments/in Divorce & Family Law /by Kirk Drennan LawDebt in high-asset divorces plays a different role than it does in standard divorces. Debt is often used as a leverage tool by high-asset couples, rather than a survival tool. However, this fact can also make it much more difficult to divide debt during a split. If you are concerned about how yours and your […]
What Can and Cannot Be Included in a Prenuptial Agreement?
/0 Comments/in family law /by Kirk Drennan LawPrenuptial agreements are often a controversial subject, but they don’t have to be. When done properly, they protect both parties and limit complications if divorce were to occur. They aren’t an indication that one party doesn’t believe in the future of the marriage; they are a failsafe in case the unlikely were to occur. Knowing […]
Is My Spouse Entitled to Half My Business During a Divorce?
/0 Comments/in family law /by Kirk Drennan LawIn case divorce wasn’t already stressful enough, business owners have even more to worry about when they begin the divorce process. In many Alabama divorces, a business owned by one partner is considered marital property. As such, it may be subject to asset division during the divorce. If you’re facing divorce and you’re worried about […]
Advice for Stay-at-Home Moms During Divorce
/0 Comments/in Divorce & Family Law /by Kirk Drennan LawDivorce creates stress for everyone, but perhaps no one is more worried during this process than those who stay at home to take care of their children. Knowing that your financial wellbeing is tied up in someone who no longer wants to be married to you—or to whom you no longer want to be married—creates […]
What Happens to Retirement Accounts During a Divorce?
/0 Comments/in Divorce & Family Law /by Kirk Drennan LawThe division of assets can quickly become one of the most challenging parts of a divorce, particularly if a couple has various assets with substantial value. If you or your ex-partner have retirement accounts, you may wonder how these accounts will be divided during your divorce. Learn more about how the courts handle these accounts […]
Taking Control of Your Finances After a Divorce
/0 Comments/in Divorce & Family Law /by Kirk Drennan LawGetting a divorce is very stressful for everyone involved, putting an end to future plans and disrupting your finances. However, there is good news once you reach the end of this long process—you have the chance to start over and create a new future that centers on your goals and dreams. As you start to […]
Challenges for Divorces with Special Needs Children
/0 Comments/in Divorce & Family Law /by Kirk Drennan LawChildren are often the primary concern when parents decide to divorce, and if one child has special needs, the worries only compound. A child with special needs may have a less concrete understanding of what divorce means or struggle with the sudden changes in their day-to-day life. As a parent, it’s important to be aware […]
Common Financial Issues During a High Asset Divorce
/0 Comments/in Divorce & Family Law /by Kirk Drennan LawHigh asset divorces are considerably more complicated and drawn out than divorces between partners with a standard amount of assets. Whether you are a high earner in the marriage or not, you have a lot to lose in a divorce. It’s important to know the common pitfalls of a high asset divorce and avoid them […]
Personal Space: Jessica Kirk Drennan
/0 Comments/in Divorce & Family Law, Divorce & Family Law, Firm News /by Jessica Kirk DrennanA one-on-one conversation with Jessica Kirk Drennan, family law attorney. B-Metro: What got you into the law and specifically family law? Drennan: I grew up in a small town, Alexander City, so the big guys on the block were the lawyers and the doctors…that’s who you respected in town. That’s how it was in a […]