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property division Archives

Assets to address during the property division process

When couples in Florida decide to get married, they often believe they are both in it for the long haul. Unfortunately, roughly half of all marriages do not make it. Therefore, it is important to consider the possibility of divorce prior to and during the marriage. This could help divorcing couples understand in advance how the process could impact them and, particularly, how the property division portion of the divorce will play out.

Protecting you assets without a prenup

Getting married is a joyous eventful time. It is also a time where major decisions are made. Many of these decisions are exciting, such as buying a home, planning a wedding and planning for the future. But when it comes down to the details of the matter, couples can avoid thinking about their personal assets and how they could be impacted by marriage and divorce. While more and more couples use prenuptial and postnuptial agreements to protect assets in case their union ends in divorce, this is a very unromantic and overwhelming conversation to have.

Different ways to enter into a prenuptial agreement

Deciding to divorce is anything but pleasant. It is also a time where it can be difficult to navigate the complexities of a couple's life, making it challenging to come to an agreement on who gets what. Because it is well known that divorce can spark disputes and lengthy decision-makings, many couples decide to enter into a prenuptial agreement as a means to address these issues if they decide to divorce following their union.

Guiding you through the property division process

While some couples in Florida get married with the intention that it will be forever, the unfortunate reality is that our expectations do not always memorialize. Divorce is a real possibility, with nearly half of all married couples ending their union. Whether it is a mutual step or initiated by one spouse, once divorce has been filed for, both spouses need to take the time to sort though serious, challenging and sometimes complex issues.

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.

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