How you divide your personal property will be one of the main considerations in your upcoming Florida divorce. If you have a marital agreement with your spouse, that document might tell you exactly how to split up your biggest assets. However, many couples don't sign...
divorce
Should you work with a forensic accountant during your divorce?
If you are going through a divorce, one of the things that you need to be cautious about is not reporting all of your assets. If you fail to disclose all of your assets and they’re later discovered, your spouse could accuse you of hiding assets. The last thing you...
How do divorcing couples split up debt?
When divorce occurs, one of the top concerns that spouses have is how to divide the financial debts and obligations during the marriage, such as car payments, medical bills, the mortgage and credit card balances. The division of assets and debts in a divorce varies by...
Is the seven-year itch real?
The seven-year itch is the idea that couples tend to start thinking about divorce after roughly seven years of marriage. It’s not a perfect science, but it just shows that marriages may start off great and then slowly decline. As happiness fades, people start thinking...
How to keep track of your marital assets during a divorce
It's true that one of the most difficult parts of ending your Florida marriage is dealing with the emotional trauma that comes along with it. However, as you go through the divorce process, you'll have to accumulate a list of all of your marital assets so that they...
Should you move out when you ask for a divorce?
Now that you decided to get a divorce, you’ve been questioning if you should move out of your home. You have the financial ability to move and know that your spouse likes your home more than you do. Is that a mistake, though? It can be a bad idea to move out of your...
Mistakes to avoid when dividing retirement accounts during a divorce
Florida couples who are undergoing divorce often make mistakes when dividing their retirement assets. These mistakes can be both costly and time-consuming. By understanding what these mistakes are, you could avoid making them. Early withdrawal penalties When you're...
What you should know about your pension in a divorce
Divorce can take a significant toll on your emotions and finances. Property division can be challenging if you have a pending pension plan. Usually, a pension is considered a joint asset, which means the value of the pension must be divided in a divorce. If you're a...
What are hidden assets?
Do you trust your estranged spouse to be honest during your divorce? Many divorcees try to hide assets so they don't have to share them with their former spouses. If you don't discover their assets until you finalize your divorce, it might be too late to take action....
Things to know about undergoing a divorce as a business owner
Owning your own business in Florida can complicate your personal financial situation in the event of a divorce. It's always a good idea to consider prenuptial or postnuptial agreements to protect your business in the event that a divorce happens. If you're not quite...