For Florida couples who are in the middle of negotiating a divorce, student loan debt can play a role. Many people assume that the individual who took out student loans will automatically be obligated to pay the remaining debt. In reality, however, that isn't always the case. Understanding how student loans are handled during divorce can ease the property division process.
This is the time of year when many families are turning their attention to college plans. For many Florida families, sending a child to college is an exciting experience, yet can also be very stressful. Figuring out how to pay for a college education can be a challenge, especially for parents who are planning for or are going through a divorce.
Going through a divorce is never easy, but is can be especially difficult for older spouses. Making matters worse, some spouses are also preparing to take control of their own finances for the first time in decades. Far too many Punta Gorda residents allow their partner to handle all of the family's finances, which can leave them ill-prepared to assume those duties after a divorce.
In today's world, few people remain in the state of their birth. In fact, relocating for work, school or personal pursuits is incredibly common. For those in Florida who are married, it is important to understand that the validity of that marriage depends on whether state guidelines for marriage were followed. If not, a marriage can be declared void by a court of law, leaving the parties with none of the protections afforded couples who divorce.
Getting divorced is an intensely personal choice that might prompt either angst or support on the part of your extended family members and friends. The ultimate decision is no one's business but yours, although it surely helps to have a strong support network in place as you move forward to a new lifestyle. A major bone of contention in many Florida divorces surrounds property division proceedings.
Going through a divorce is never easy, no matter what one's age. For younger people in Florida, however, the social sting of divorce can be difficult to bear. There are, however, some silver linings that come with a swift divorce well before middle age.
High profile political couple Huma Abedin and Anthony Weiner have made headlines for many years. The couple was recently in the news over their decision to withdraw their divorce petition. While many Florida readers may be shocked at that news, the withdrawal is not an indication that the couple plans to reunite. The move is simply an attempt to secure a measure of privacy for their young son.
In some states, common law marriage is still recognized. This type of union occurs when a couple lives together in a committed relationship outside of the bonds of marriage, yet act as husband and wife. When things go awry, however, one partner often tries to pursue the other for property division and spousal support. In such cases, including in the state of Florida, a property division lawyer may be required.
Building a business requires a great deal of effort, and many Florida residents spend years working to get their venture off the ground. When a divorce is on the horizon, dividing the value of that business can take center stage. The best way to move forward is to find a property division lawyer to guide the process.
In most Florida divorces, spouses are open and honest about the full scope of marital wealth. They share information about income, assets and debt, which is then used to structure an equitable and comprehensive property division settlement. In some cases, however, a Florida spouse may be faced with a set of unique challenges when it comes to hidden assets. In those instances, a property division lawyer and a financial advisor can work together to help a client achieve a fair division of wealth.