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Property Division Archives

Considering tax ramifications during property division

For many Florida business owners, the end of the marriage entails numerous financial decisions, not all of which are directly related to the union itself. Unless specific provisions were laid out in a prenuptial agreement, business assets will become part of the property division process. An important consideration during the early stages of negotiations involves comprehensive understanding of the tax ramifications associated with various options.

Inmates can face serious property division obstacles

Going through a divorce is an onerous process for anyone, but for Florida spouses who are incarcerated, a divorce can seem like an impossible goal to accomplish. That leaves many inmates in a terrible position when it comes to property division or other matters. One state has created a program aimed at assisting spouses in various family law matters, even while they remain behind bars. The success of the program could spark similar efforts across the nation.

Benefits of collaboration in Florida property division

Most Florida spouses understand that being able to process the details of their divorce in a collaborative manner is the preferred approach. Most people, however, only think about the emotional advantages of working through a collaborative process to end their marriage. There are also numerous practical benefits that come with collaboration, many of which relate to the property division process.

Avoid unexpected expenses during property division planning

When preparing for divorce, Florida spouses should make every effort to become fully informed on the process and all associated expenses. That is especially true when it comes to making property division decisions. Unless an individual has a clear idea of how his or her financial landscape will look after a divorce, it is impossible to make wise property division decisions.

Many spouses forget about these assets during property division

Going through a divorce is never an easy thing. Many Florida spouses feel overwhelmed by the sheer number of things that must be addressed during the process, especially in regard to property division. There are so many details to cover, and it is so easy to overlook things as both parties rush to meet deadlines and move their divorce forward. The following assets are among the more commonly overlooked during property division, and spouses should take the time to think about whether they might be leaving money on the table in their own cases.

Prior to property division, avoid significant financial moves

Preparing to file for divorce can be a stressful time in the life of a Florida spouse. There are a number of important decisions that must be made and a number of missteps to avoid. One of the most important things that spouses can do to prepare for a successful property division process is to avoid making any significant financial moves in the months leading up to the divorce process.

Understanding how life insurance plays into property division

One of the top priorities for Florida spouses who are preparing to divorce is assuring financial stability in the years to come. The entire property division process is aimed at meeting that goal, and providing a fair and equitable division of assets between spouses. That said, there are certain scenarios in which one spouse fails to follow the provisions laid out within the divorce settlement. In such cases, taking the matter back to court may be the only available avenue of legal recourse.

Are you making these common property division mistakes?

The months leading up to a divorce can be a hectic time for many Florida residents. Faced with a seemingly insurmountable list of to-do items, many spouses do not know where to begin. Fortunately, there are a number of common property division mistakes that are easy to avoid for spouses who are willing to take the time and make the effort to prepare for their divorce.

Could Trump presidency lead to property division?

Many Florida couples are aware that ending a marriage involves the division of marital assets. For some, however, these property division tasks arise based on marital disputes over ideological issues. Recent research suggests that the Trump administration is a topic that has led couples to consider divorce. While divorce is a reality and is often the best course of action for a couple, it is always sad to hear of unions that dissolve because of disagreement over deeply held political beliefs.

After property division, attack credit score repair

It is not uncommon for Florida residents to experience a dip in their credit scores immediately after a divorce. The end of a marriage will bring about a number of changes to the financial standing of both spouses, and the property division process may require certain accounts to be closed or divided. Having solid credit scores is important, but the good news is that it is relatively easy to boost one's score.