Tag Archives: Dividing Marital Property
Divorce and Your Credit
Divorce is often a devastating blow not only to an individual’s credit score, but also to his or her financial situation in general. Disputes between spouses as to who should pay debts, a loss of household income due to a spouse moving out, and an inability to afford to pay bills that formerly were… Read More »
Finances and Your Divorce
Given the high divorce rate and the fact that women tend to live longer than men, on average, it is no surprise that most women are completely on their own with respect to their finances for at least one-third of their adult lives. Statistics from the Women’s Institute for Financial Education show that as… Read More »
Divorce and Your Credit
Divorce proceedings may break your heart, but they also can break the bank. Unfortunately, one of the common side effects of divorce is damage to your credit score, which directly impacts your ability to get financing for a mortgage or car loan, among other things. However, there are some steps that you can take… Read More »
Who Gets to Keep the Pets in Our Divorce?
A 2015 survey by the American Pet Products Association reveals that close to 80 million households in the United States own a pet, which represents about two-thirds of all households. When these statistics combine with relatively high divorce rates, it is not uncommon for couples to fight over ownership of their beloved pet when… Read More »
Avoiding Financial Disaster in Your Divorce
Divorce inevitably has a negative effect on your financial situation, simply because your household often is changing from having two parents and two incomes to having a single parent and a single income. Despite the change in income, however, you still have to pay many or even all of the same bills. Combine this… Read More »
Classifying Property in Your Florida Divorce
One of the most difficult aspects of a divorce is the division of assets, particularly when there may be both marital property and separate property involved. It is essential that property be classified as marital or non-marital property, because that classification will be relevant to how the property is divided in your Florida divorce…. Read More »
Issues for Baby Boomers Facing Divorce
When older Americans are seeking a divorce, they may think that their issues are relatively simple, since their children are likely to be grown and out of the house, which alleviates the need for the divorce to address issues like child custody, visitation, and support. However, these parties are more likely to own significant… Read More »
Do You Need to Consult an Accountant in Your Divorce?
While it is always recommended that you seek legal advice and guidance from a Florida divorce attorney in a divorce, you may wish to consult with other professionals, as well. Individuals in divorces that involve significant assets, property, or businesses should always consider using the services of an accountant, for example. An accountant can… Read More »
Florida Supreme Court Approves Broad Reading of Prenuptial Agreement
An increasing number of couples are entering into prenuptial agreements prior to marriage. While some of these agreements specifically outline how property will get divided if the parties divorce, many prenuptial agreements are very broad in nature. In a decision dated September 10, 2015, the Florida Supreme Court departed from its previous rulings, in… Read More »
Differentiating Between Marital and Non-Marital Assets
One of the most contentious aspects of a divorce is determining how the property gets divided. During the marriage, you spend years amassing your belongings and growing attached to them. When the court makes you give them away, especially to someone who may have betrayed you, it can be a hard pill to swallow…. Read More »