Category Archives: division of property
Divorce, Finances, and Buying a New Home
Divorce forces each spouse to undergo a number of changes as they transition from sharing everything as a couple to being a single, unattached adult. These dramatic shifts in the dynamics of a family require reshuffling responsibilities and refiguring monthly budgets that account for the reduction in manpower and financial resources. In other words,… Read More »
Why You May Need to Consider Freezing Assets
The finances of completing a divorce, and transitioning to what comes next, frequently require a reevaluation of how one spends money and finding new and better sources of income. The payment of child support and alimony, and division of property, become of utmost importance in this process, as these contributions are often vital to… Read More »
Operating a Family Business in Divorce
Divorce throws a lot of things into upheaval – where/how to live, sharing custody of a child, and finances being the most common. Often, one spouse will need to either return to work or find a job that pays more to replace lost income. The need to juggle the emotional and financial implications of… Read More »
Retirement Social Security Retirement Benefits in Divorce?
Retirement and Social Security benefits usually play a large role in a person’s long-term financial planning and stability. Anyone experienced with divorce will know that this event upends many financial goals, and requires most couples to make drastic changes to their standard of living and monthly budgets. Depending on a person’s age and capacity… Read More »
Property Distribution by Courts Must Be Equitable
Finances are frequently a major concern for someone going through divorce, either as a worry about walking away with enough to cover the costs of daily living, or as anxiety related to the possibility of being required to relinquish a substantial amount. The finances of divorce revolve around the division of marital assets and… Read More »
Dealing with a Spouse Who Is Intentionally Hiding or Squandering Marital Assets Pending Divorce
Married couples spend years building up assets in the hope of gaining financial stability for their family, and this effort often requires many sacrifices to produce the desired results. Consequently, if a couple later divorces, dividing this property frequently becomes a contentious and highly litigated issue. Relinquishing control over something that required considerable effort… Read More »
Figuring Out Property Division in Divorce
Part of a couple’s effort to build a life together includes acquiring property that speaks to the couple’s success and affection for one another. The longer a couple is married obviously affects the variety and amount of property they own together, and will represent the couple’s hard work and sacrifice. Having to split these… Read More »
Handling Retirement Funds in a Divorce
Divorce comes with many decisions, some more complex than others. Some of the most difficult decisions revolve around distribution of assets. In Florida, property and other assets acquired during the marriage are considered marital assets, belonging to both parties. This generally includes any retirement assets accumulated in retirement or pension accounts. Many couples fail… Read More »
Pets and Divorce
Our pets are a very important part of our families. For some, our pets are like our children. But what happens to our pets when we divorce? There are many people who feel that spouses should be awarded custody of pets in much the same way as child custody. As much as we may… Read More »
When Your House is No Longer Your Home
After years of marriage, your home may be one of, if not the most, significant assets owned by you and your spouse. When facing a divorce, the disposition of the marital home will be a critical issue and dependent upon a variety of circumstances. Under Florida law, the judge presiding over the divorce will… Read More »
