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divorce Archives

Property division includes fair split of home equity

When children are told they have to share the last piece of cake, even at a young age, they understand the importance of getting their fair share. There may be countless times in life when someone watches assets divided in front of them and may have to fight to get what is due. At no other time does equitable property division become as important as when two people are going through a divorce. The largest, most difficult asset to divide is often the family home.

New tax plan may change alimony and property division negotiation

Divorce is often a matter of careful negotiation. A Florida couple may find that coming to agreements quickly on matters like child custody and property division may allow them to move forward with their new lives. For some spouses, especially those with low incomes or who spent their marriages out of the workforce to care for children, alimony is an especially important part of divorce negotiations. However, new tax proposals currently under consideration in the U.S. Congress may complicate negotiations for many couples.

3 mistakes that divorcing women should avoid

If you are getting divorced soon, you may be feeling a whirlwind of emotions. With the emotional trouble of ending your marriage, you can be prone to making mistakes. If you are not prepared for the emotional roller coaster or messy legal process, you could make long-lasting, devastating mistakes. 

When marital problems lead to property division problems

No two marriages are the same and every Florida couple has their own ups and downs along the way. One marriage might be able to withstand a particular problem while another crumbles under the same type of pressure. Although some people may claim to know who should stay married and who should divorce, only the spouses involved know what is best for their particular situation.

Smart moves when facing a toxic divorce

While most people would rather a divorce be a calm and amicable proceeding, some circumstances can make that impossible. For those who have been married to a narcissistic or noxious person, a toxic divorce may be inevitable. In Florida and elsewhere, those who are anticipating such a split can prepare. There are a few smart moves to make when facing such a situation.

Property division and the prenuptial agreement

Years ago, many couples would get married soon after high school graduation. In today's world, however, the average Florida couple is typically several years older and each individual has already begun to establish himself or herself financially. With this in mind, many couples are discovering that a prenuptial agreement is a useful tool in both a possible property division agreement in case things do not work out as well as an avenue to discuss current financial situations and philosophies.

Divorce and property division spikes after vacation

Labor Day weekend ended too quickly, and the kids are returning to school. For many Florida families who trudged to the beach or the mountains for a last hurrah at summer's end, this festive celebration may be their last as a family unit. Instead of packing for next summer's vacation, they may find themselves packing for property division and divorce.

Property division: Avoiding tax penalties re retirement funds

The end of a marriage can have a significant impact on a person's financial future. For this reason, an individual in Florida may place a great deal of importance on pursuing a fair distribution of assets and debts during property division. However, there may be additional factors that could prove detrimental if overlooked, such as the potential tax ramifications of dividing retirement accounts.

Equitable Distribution property division during a Florida divorce

When facing divorce, one of the main sources of anxiety is worrying over how the assets will be divided. One of the ways to lessen this stress would be for both parties to come to an amicable agreement on the issue. Since this is sometimes impossible, each state has its own rules on how property is divided when the marriage is over. While some states are known as Community Property states, Florida is known as an Equitable Distribution state.

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