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.
A family-owned business is one of the most important and valuable assets that a Florida couple may own. For one or both parties, it may be the primary source of income. When a couple decides to divorce, one of the main concerns is over what will happen to the business. These types of closely held assets can be the most complex aspect of the property division process in divorce proceedings.
Divorce leads to changes for virtually every member of the family, and both parties are likely to experience a significant shift in their financial resources. The property division process is high-stakes, as the terms of the final court order will determine a person's financial future for years to come. For Florida stay-at-home moms who do not earn an income, there is a lot on the line during a divorce.
For a Florida business owner, the end of a marriage can be a frightening prospect. There is a lot of uncertainty regarding what will happen to a small business. It can help to understand how equitable distribution of assets works, as well as options for negotiating a property division settlement and the various possibilities regarding business assets.
The process of dividing marital property is one of the most complex and emotionally charged aspects of a divorce. Property division can be especially difficult in a Florida divorce when one spouse attempts to deceive the other by hiding assets. This can lead to settlements and final orders that are unfair and unsustainable for one party.
When a Florida couple is facing the prospect of divorce, they may believe they are in for a contentious, complex process of fighting over and dividing their marital property. In reality, there may be ways to reduce the complications involved in the property division process. One way to do this is by making the effort to prepare for divorce.
When walking through the process of ending a marriage, a Florida business owner may have significant concerns about how it will affect his or her company and future success. The division of business assets is often one of the most complex aspects of walking through divorce, and it can lead to stressful and costly disputes and the need for litigation. Many business owners find it beneficial to learn how they can legal protect their company in case of a divorce.
Divorce rates in general seem to be leveling off or even declining, but within one demographic, divorce is on the rise. Older Americans are making moves to end their marriages at more than twice the rate of 25 years ago. For many in Florida, there are a number of reasons behind this trend.
Even an amicable divorce in Florida may quickly become contentious when asset division begins in earnest. One partner may have a sentimental attachment to some items, or both parties may each simply feel they have a right to ownership of certain assets. One couple is currently in a property division battle over an art collection believed to be worth more than $700 million.