Financial Guidance Can Be Critical to Divorcing Florida Spouses
For many individuals in Florida and elsewhere, fears of surviving financially are a big concern during and after a divorce. The uncertainty of divorce on one’s financial status can be frightening to some, especially for those who did not exert a great deal of control over the financial issues during the marriage. A divorce raises the...
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Divorce Can Have A Major Impact On Health Insurance
If divorce is going to leave a person without health insurance and the need to pick a new plan, one should not expect it to be easy. There is a myriad of plans available nationwide and in Florida from a large number of companies, but choosing the right fit can be a difficult task. It...
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A QDRO Dictates Division of 401(k) Retirement Plans in Divorce
The division of retirement benefits in divorce is sometimes a difficult undertaking. In an equitable property distribution state, such as Florida, the assets acquired during the marriage are subject to equitable division by the family law court during a divorce. Equitable property division is based on the general idea of fairness. The statute sets forth certain...
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Wife Files Divorce With Emergency Request to Stop Sale Of Assets
Property acquired while the parties are married and living together is generally classified under Florida law as marital property. Marital property is divided in a divorce proceeding according to a concept known as equitable distribution. This means that the court can divide marital property in any proportion that is fair and equitable, considering the needs and...
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Negotiations In Divorce For The Marital Home May Be Complicated
In divorce negotiations, problems can arise when one spouse takes over the marital residence with outstanding mortgage debt. If he or she is not able to get immediate mortgage financing, it may create a difficult obstacle. The problem is that one spouse is now responsible for the mortgage loan under the settlement, but the other spouse...
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Basic Income Tax Rules Still Apply After A Divorce
There are several important and fairly common tax consequences of a divorce. For one thing, the recent divorcee may want to keep in mind that if the divorce is finalized at any time prior to the end of the year, the IRS views the taxpayer’s status as a single for the whole year. This means that...
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Healing Process After Divorce Invokes Grieving And Rebuilding
Whether you live in Florida or another state, one thing that most people agree on is that divorce presents one of the greatest and most difficult challenges in life. As a general rule, there are two major stages that one may often experience: the first is the grieving process and the second is the rebuilding process....
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What Requirements Must Be Met To Get A Divorce In Florida?
Each state has different requirements when it comes to annulling or dissolving a marriage. Florida is no different. For couples and individuals who are contemplating a divorce, it is important to be familiar with the requirements. Ultimately, you will need to have been a resident of the state for at least six months. If you...
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