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April 2019 Archives

Taxes, divorce and pursuing a strong financial future

When a Florida couple decides to end their marriage, there are significant financial decisions they must make or have a court decide for them. The choices made during divorce will have an impact for years to come, and it is prudent for a person to consider how to pursue a strong financial future during this process. There are certain tax strategies that may make it easier to resolve divorce disputes and reach a reasonable settlement.

Important things to consider when facing divorce

Making the choice to end a Florida marriage is not easy. This decision likely comes after careful thought and consideration, and no matter how amicable the two parties may be, divorce is never easy. Before moving forward with divorce, it makes sense to take the time to prepare for what is ahead. Preparation can help a person avoid having unreasonable expectations regarding divorce and avoid unnecessary legal disputes. 

Millennials more likely than others to draft prenuptial agreement

There is no way to predict the future, but there are certain steps a person can take to protect his or her interests before walking down the aisle. A Florida couple may find it beneficial to draft a prenuptial agreement in order to reduce the chance of complications in the event of a divorce in the future. Even more than previous generations, many millennials prefer to draft this type of contract before getting married. 

Divorce and how it will impact ownership of the family home

The end of a marriage involves many complex decisions, including addressing valuable assets jointly owned by both spouses. This includes the family home, which can be a difficult and emotional issue for many Florida families. Divorce means that a couple will have to decide who stays and who moves out or whether it is most prudent to sell.