The time of year when summer break is over and kids head back to school is stressful for many Florida families. It can be especially difficult for high-conflict parents who are sharing child custody. There are a few things that parents can do, even before their divorce is final, to reduce conflict and make these times of transition easier for every member of the family.
Divorce requires the division of all assets and property accumulated over the course of the marriage, including long-term savings and retirement accounts. No matter the age of a Florida couple or how much they've been able to save for their golden years, the end of a marriage can be detrimental for retirement. It's especially critical for a person to strive for a fair property division order for both physical assets and financial accounts.
Getting a divorce is never easy, no matter your age. But if you are over 50 and ending your marriage, you face unique hurdles. A late-life divorce comes with particular challenges to your finances and emotions.
When a Florida couple makes the decision to move forward with divorce, it will eventually lead to financial adjustments that will impact various areas of their lives. This includes retirement savings. Money and assets earned acquired over the course of the marriage is likely considered marital property, which means it is subject to equitable division. A person may want to learn more about what the property division process will entail for one’s specific situation.
When a Florida couple files for divorce, they must resolve numerous issues before the judge overseeing the case can issue a final decree. If the couple has children, matters of custody, child support and visitation may be in question. In all divorce cases, property division proceedings take place to determine who gets what and who will be held financially responsible for any debts in existence at the time.
When a Florida couple walks down the aisle, it is with the expectation they will live happily ever after. In many cases, however, this couple will divorce at some point in the future, and it is possible that a costly and stressful battle over marital property will ensure. This is one reason why many couples, regardless of income level or age, will find it beneficial to draft prenuptial agreements.