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.
Florida governs its property division proceedings regarding divorces under equitable distribution laws. This means that when the court divides marital assets, the split is not necessarily going to be 50/50 but is intended to be fair. One can't really expect a fair outcome if a spouse is hiding assets in order to gain the upper hand in the property division process; however, a property division lawyer can help nip a hidden asset problem in the bud.
Divorce rates rely on a great many things, including social and cultural shifts. Financial shifting can also play a role in the number of divorce cases in Florida and elsewhere. It seems that when couples face fewer money struggles they have less motivation to remain in marriages that are no longer working.