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Kissimmee Florida Divorce Law Blog

How to protect your Florida business when you divorce

Studies published in recent years have shown that Americans are getting married later in life than they used to. Some may wonder if they're doing this to protect themselves from being stripped of their valuable assets such as a business if they get divorced.

Marrying couples can minimize their chances of becoming embroiled in a heated battle over how to split up a business if they divorce by signing either a prenuptial or postnuptial agreement.

What should I do about my digital footprint when I divorce?

At least 50 percent of all married Americans get divorced. While most spouses are familiar with having to divide up property like furniture, cars, houses and other valuable assets during a divorce, few think about what happens with their digital assets. It's important to do so though. There are certain steps that you should take the minute you decide to divorce to protect your online reputation.

After filing for divorce, you should make a list of online accounts that you and your ex share or that they know the passwords to. You'll then want to change each one of them.

Be intentional about your digital divorce

Have you made the choice to move forward with divorce? If so, you probably know that you are facing a legally and financially complex process. Even in the most amicable of divorces, the two parties will have to make difficult choices regarding things like a parenting plan, visitation schedule, property division and financial support. However, there is still more for you to think about.

In today's technology-driven society, divorce involves much more than just physical assets and child custody. There are often complex online lives that a couple will also have to separate from each other. This is an important step in securing a strong post-divorce future, and you would be wise not to overlook it.

A Florida political group pushes for an end to lifetime alimony

Late last month, the Florida Family Law Reform Political Action Committee (PAC) announced their decision to support both House Bill 1325 and Senate Bill 1596. The group, which supports family law reform, is eagerly awaiting to see what changes are made to the way Florida judges award alimony.

Right now, one of the PAC's biggest goals is seeing that lifetime alimony is done away with. As things currently stand, spouses may be ordered to continue alimony to their ex even if their income or health declines, or they get remarried or start living with someone else.

Is divorce a positive or a negative for the kids?

Often, couples know that they want to get divorced, but they still do not go through with it because they're not sure how it is going to impact the children. Their reluctance isn't because they think that they can work out their issues -- they may not even want to -- but because they do not want to put their children in a tough position with their own decisions.

So, is divorce a positive event for the children, or is it a negative event? How will it impact them?

What options exist for splitting up a home during a divorce?

Many issues can cause conflict when a couple is headed for divorce. Child custody and support, alimony and the division of property are some of those issues. If you've lived in your home for some time, the decision about what will happen to the house and who will keep living in it can be hotly contested.

If you're wondering what options are available for splitting up the home when you divorce, there are three primary options.

Factors that help Florida judges make decisions about alimony

If you have long stayed home taking care of the kids while your spouse has been the primary breadwinner, then you may have not remained as up-to-date in your career field as you would have liked. You also likely haven't gained valuable work experience needed to help you make the type of salary that you need to support your family on your own. In situations like this, a judge may order your ex to pay you alimony.

In states like Florida, judges make decisions to award spousal support to a divorcing husband or wife only after other liabilities and assets have already been equitably distributed between them.

Where do inheritances fit into your divorce?

The longer you are married, the more likely you will lose loved ones to old age, illnesses and perhaps injuries. However, you may receive an inheritance from one of these beloved individuals. Now that your marriage has come to an end, you may wonder whether it constitutes as part of the marital estate.

If it does, then it would be subject to division, which means that your spouse would receive a portion of it. If it is your separate property, you get to keep your inheritance. The answer may not be as cut-and-dry as you had hoped.

3 things you should know about divorce and your future

Divorce is going to change your future. There's no way around it. Some of those changes may be positive; if you're in an emotionally abusive relationship, for instance, you finally get relief from that. Some may be negative; if you have kids, you may not get to see them as much as you want. But, no matter what, there are going to be changes.

To help you prepare, here are a few things that you should know about divorce and the aftermath:

  1. It is possible, in some cases, to alter the agreements you make at the time of the divorce. For example, changes in income can lead to changes in obligations regarding child support. However, this can be a complex process and you cannot change everything, so do not rush through the process.
  2. Odds are that you and your ex are not going to continue to be friends after you split up. It does happen in rare cases -- there are always stories about celebrity couples going on vacation together or something of that nature -- but most people can't do it. That said, you are going to stay involved with your ex if you have kids or financial ties.
  3. Typically, life feels like it costs more after divorce. That's because a lot of the costs of living double when it's two people living separately, as opposed to two people living together.

Financial matters that late-life divorcees have to worry about

Grey divorces, or those among individuals 50 or older, have increased significantly during the past few decades. Right now, this population's divorce rate hovers around 25 percent. Back in the 1990s, only 10 percent of their marriages failed. In the future, at least twice as many seniors are expected to be divorced. This trend causes alarm among financial planners and family law attorneys who work closely with this population.

Dividing up property can be hard for seniors, especially if they've been married for a significant amount of time. One of the reasons that this is the case is because it's difficult for most married couples to know what's joint property versus the individual.

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