Thomas Family Law Firm, PLC Licensed In Tennessee And Mississippi
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high asset divorce Archives

Speaking to your children about your divorce

If you are getting ready to go through a high asset divorce, you might be facing various different challenges, from uncertainty about the way that the court will split up your marital property to concerns about child support or some other issue. However, if you have children, you might also be worried about how your decision to end your marriage or the inevitability that your marriage will come to end could affect them. Divorce can certainly have an impact on children, but there are steps you can take to potentially reduce any repercussions, such as carefully talking to your kids.

What about your 401k?

Hopefully, your 401k is set to deliver you a nice little nest egg once you reach retirement. However, if income has been placed in that account during your marriage, that makes it a marital asset, and thus subject to property division should you choose to divorce. The question is how should you and your soon-to-be ex-spouse divide it up? 

The stakes of high asset divorce

The plethora of issues that can stem from a divorce often consist of dividing assets. Analyzing and distributing finances can be a crucial period, especially for high-net-worth individuals. The average divorce in Tennessee costs roughly $12,000, and that estimate excludes the necessary factoring of attorney fees and assets. In addition, a divorce of high net worth often costs more than the state average, and divorces filed for adultery or cruelty also have increased cost.

Will the court recognize your 'modern' family?

When you think of the old African proverb “it takes a village to raise a child,” it is easy to forget more than two people can be parental figures in a child’s life. Indeed, authority figures, whether it is a teacher, coach or counselor can add insight and wisdom to a child’s life, but more courts are recognizing additional people that can have legal and/or physical custody of a child.



Mr. Thomas kept me well informed during my lengthy divorce. He always returned my calls within 24 hours, usually sooner. He gave me very good advice and listened to all of my concerns. He always told me what I needed to hear, not necessarily what I wanted to hear. I found him to be a nice, honest and hard-working lawyer.

- Carrie -

Justin and his staff are a great team! Justin represented me after the divorce was finalized and fixed what the original attorney told me was set in stone! Everything we asked for we received, from both the court and the staff. It has been almost two years and I can still contact them for anything I need and they are ALWAYS more than willing to help! I recommend Justin and his staff as much as possible. There is no way I would ever use anyone else!

- Robbie -

Justin Thomas represented me in a divorce and I was very pleased with his work ethic and representation. He was extremely professional and cared about what was in the best interest of my son and me. He kept the cost of the divorce to a minimum, which was great! I believe he provided excellent representation and honestly cared about me, the outcome of my divorce, and most importantly, my time with my son. I have recommended Mr. Thomas to several friends and will continue to do so.

- John -


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Thomas Family Law Firm, PLC
7642 Poplar Pike
Germantown, TN 38138

Phone: 901-443-4599
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