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property division Archives

There are many ways to divorce-proof your business

Although a divorce rate in excess of 50 percent would motivate many to sign a prenuptial agreement before they marry to protect their assets, many are "hopeless romantics" who take their chances without them. Even if they have one, it may not protect future businesses that are set up after the couple marries.

How do we split up the Florida timeshare when we divorce?

States like Hawaii, Nevada, Florida and California are where the largest majority of the country's timeshares are located. If you've decided to walk away from your marriage, then you may be wondering what to do with your timeshare when it comes time to divide up the marital property among yourselves.

What does a judge consider when dividing up property in Florida?

Although many states rely upon equitable distribution rules for dividing up property in a divorce, each one also has certain limits that affect the decisions that judges ultimately can make. Even in Florida where such laws are uniform throughout the state, it still may be possible for there to be some degree of variance in how property is split up as the decision is ultimately left up to a judge.

Women are often financially surprised, crippled by divorce

A study published by Worthy Living during the final week in July captures how nearly half of all women who get divorced end up being financially surprised as they look to settle their divorces. These surprises aren't the good type of ones either. Instead, they're ones that leave women financially blindsided or crippled.

There's an order you need to access an ex's retirement account

Splitting up collectibles such as artwork, china, cars, coins often involves an appraiser coming in and assigning a value to the different items. That value is then used to equitably split up such assets between exes. Splitting up investment accounts, a pension plan or IRA account proceeds can be perhaps even more difficult though, especially if former spouses want to avoid having to pay early withdrawal penalties or exorbitant taxes for doing so.

How are pets handled in a Florida divorce?

Pets are an important part of most American families. In some marriages, pets are considered children and neither "parent" wants to part with their fur babies. Many divorcing couples in Florida ask their lawyers to help them seek custody of the family pet, but this is an incorrect approach. Here is why.

Dividing debt in divorce

If you're like most divorcing couples, you have to divide not just assets that you've accumulated during the marriage, but debt as well. The most common joint debts are usually a mortgage, auto loans and credit cards.

Property division: Surviving a high-asset divorce in Florida

Not every couple getting divorced feels burdened by complex property division. However, many couples do have to address these issues. Outside of matters involving children, high-asset property division is one of the most combative areas of divorce. We have seen even the most amicable divorce devolve into an all-out war, simply because the couple could not agree on how to divide the marital property.

Managing marital property correctly can help if you ever divorce

When people get married, they almost never think about divorce. This is the way it should be because you are happy and in love with your partner. However, as everyone knows, divorce happens, even in marriages that start out blissfully.

The art you create may be at risk during property division

Most couples going through a Florida divorce understand that their marital property will need to be divided between both of them. It is an inescapable part of getting a divorce. You probably expect this process to involve your bank accounts, your home, your vehicles and other assets, but what about the artwork you create?.

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