One of the many negative consequences of getting a divorce is its high cost. Between asset division, court fees, child support and alimony, your finances will take a hit, especially in the Sunshine State. You may decide to try a DIY divorce and skip legal representation.
Author Archives: Carolyn Ward
Property division: Avoiding tax penalties re retirement funds
The end of a marriage can have a significant impact on a person's financial future. For this reason, an individual in Florida may place a great deal of importance on pursuing a fair distribution of assets and debts during property division. However, there may be additional factors that could prove detrimental if overlooked, such as the potential tax ramifications of dividing retirement accounts.
Equitable Distribution property division during a Florida divorce
When facing divorce, one of the main sources of anxiety is worrying over how the assets will be divided. One of the ways to lessen this stress would be for both parties to come to an amicable agreement on the issue. Since this is sometimes impossible, each state has its own rules on how property is divided when the marriage is over.
Understanding a military divorce involving military benefits
For the most part, a divorce is a divorce no matter what a person's occupation is. When it is a military divorce involving military benefits, however, there are a few factors involved that do not apply in a civilian divorce.
Divorce and Facebook: What should people post?
Many Florida marriages end in divorce. In fact, research from the Census Bureau found that Florida had the seventh highest rate of divorce in the United States in 2015. Divorce is difficult to go through, but people should make things easier on themselves by not posting all their dirty laundry on Facebook and other social media platforms.
Relocation after a Florida divorce: Good and the bad consequences
In any divorce, the children involved usually want both parents to live close to each other. In cases where the parents are constantly fighting, however, that may not be the best choice for the well-being of anyone in the family. Relocation can be a good thing in such cases, but moving too far could also be detrimental.
The responsibility of power of attorney
Many have heard the term, but some may not be aware of just what it means and the responsibility that comes with it. Power of attorney is given to someone so that he or she the right to make legal and or health care decisions for someone else.
Considering insurance in divorce property division
When couples go through a divorce, there is often a lot of emotion to deal with. That can make it difficult for the two parties to consider every aspect of their property division, and where everything will fall once the dust settles.
What is a health care directive, and why have one?
Many times, when a Florida resident goes to the doctor's office or has to be admitted to a hospital, he or she will be asked whether they have formally created plan for their health care. While over 90 percent of those asked believe that it is important to have a health care directive, only about 30 percent can answer that question positively.
Estate planning in a second marriage
In the United States, having been married more than one time is not at all uncommon. When planning a second marriage, however, many Florida residents never consider the ramifications that it could have on their estate planning.