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property division Archives

Protecting your rights during the property division process

With the divorce rate remaining around 50 percent, this is a likely life event that couples in Florida and elsewhere will face at some point. While it is not an easy decision to make, filing for divorce can often be in the best interests of both spouses. Even though it is challenging to file the paperwork, that is only the beginning of the tough decisions and actions faced by spouses going through divorce.

Protecting your assets during a divorce, part 2

Last week we spoke about a few things that should be taken under consideration when planning for your financial future during and following a divorce. We understand that things can get tricky during such trying times, and that the "fog of war" element of overwhelming emotions and decisions that need to be made could cloud your better judgment.

Protecting your assets during a divorce, part 1

The process of a divorce is overwhelming for many. There are so many decisions that need to be made and things to consider, that sometimes it is difficult to keep your mind on a level plane. Add to it the potential of emotions that could run high and it is not uncommon that less-than-ideal decisions are made.

How can a premarital agreement affect property division?

Florida couples who enter into a marriage in which one spouse has significant assets and the other spouse does not will often come to a premarital agreement to protect those assets in the event of a divorce. There can be confusion regarding property obtained during a marriage, non-marital property, items of sentimental value and more and how it is divided if the couple chooses to part ways. Knowing the rules of enforcement of a premarital agreement is imperative before it is signed and after the marriage has come undone.

What counts as marital property in Florida?

When a couple in Florida chooses to end a marriage, there are many issues that need to be resolved. One that is often in dispute is determining what is marital property and what is non-marital property. The concern over this is not limited to couples that have significant assets. Couples of any financial circumstance should be aware of how state law classifies marital property as well as what the spouses are liable for even after the marriage has concluded.

5 ways to be financially prepared for divorce

When divorce is imminent, you face the task of splitting every part of your life. Your home, your assets and sometimes even your friends and children. Often, splitting incomes causes financial headaches you did not see coming. If you are considering divorce, there are several ways you can be financially prepared for it.

If alimony is involved, recordkeeping is a must

There are a lot of different variables and issues that will be on the table when a couple decides it is time for a divorce. On top of the tangible issues at hand, the splitting spouses will be dealing with a lot of stress and anxiety throughout the divorce process. This is a life changing moment, one that presents a tremendous amount of upheaval. So it is understandable that many divorcing spouses may be a bit disorganized or confused about the whole process.

How to protect your retirement account during a divorce

When you are going through a divorce, making sure that all your assets are divided equitably can be a challenge. Both parties often have strong emotional claims, and to make sure you are heard and your interests are protected, you need to have a solid plan of action, especially if you were not the primary contributor to an asset's growth, such as when one spouse makes most of the cash payments into a retirement account. As more and more Americans over 50 experience divorce, this issue is becoming even more important because those retirement accounts often represent financial stability that both partners have counted on.

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