While going through a divorce, the process may consume a person's thoughts. There is much to consider and plan, including child custody issues and property division. However, one factor many in Florida may neglect to consider is the how the divorce will affect their health insurance coverage. While health insurance is not considered an asset to be divided, some may mistakenly think they can continue on their spouses' policies, and this may leave them dangerously unprotected.
When couples with ties to show business fail to sign prenuptial agreements, few are surprised if the couples end up facing tumultuous divorces. Pre and postnuptial agreements allow high net worth couples to settle matters more easily because many issues are already covered in the written agreement. For one power couple who seems to be heading toward a divorce, the terms of a postnuptial agreement may be only a starting point.
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.
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.
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.
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.
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.
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.
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.
Divorce is typically hard on everyone involved, and with about half of all American children now dealing with the divorce of their parents, it is becoming unreasoningly critical to understand the effects it can have on your own.