An amendment was filed on March 24th for the Senate Bill. This is a clear indication of how massive changes can be made as these bills go through the process. Caution is advised that more changes may have happened even before you read this email. A comparison of the new proposal with the prior Senate proposal has the following differences …
What Happens to Back Child Support when the Non-paying Parent Dies in Florida?
Divorces involving minor children can be difficult for all parties. It is not easy for one parent to be separated from a child, or even to have a court restrict a parent’s time with the child. There are times, however, when not everybody is as cooperative as they should be when involved in the divorce process. Sometimes a parent that …
Special Considerations in a High Net-Worth Divorce
Divorce can be a complex matter in a person’s life. Between the property division, support arrangements, and possibly even child custody considerations, even the most typical of divorces can have life changing consequences. In a high-net divorce, however, there are special considerations that should be taken into account when going through the divorce process. Due to the amount of assets …
Moving out of State with a Child after Divorce
Divorce is rarely an easy matter to deal with. Not only are there financial matters that concern both parties, but in cases where there is a child, there are extra considerations that have effects long after the actual divorce. In a custody determination, the courts are concerned with the best interests of the child. What happens, then, when a parent …
March 2015 Update Regarding Alimony
Senate Bill 1248 and House Bill 0943 are virtually a complete new set of rules for alimony and here are a few items that you may want to read about (from the Senate Bill). Alimony guidelines No permanent alimony A cap for alimony and child support based on the percentage of the net income of the paying party (with child …
Can a Divorce Agreement be Modified for Hidden Assets
Divorce issues can cause a lot of conflict between spouses. The issues of who gets what, or who has custody of the children can prove to be stressful and complex during divorce proceedings. Sometimes, however, there are situations where parties to a divorce aren’t entirely forthcoming. Assets not revealed to the court during divorce proceedings, or the opposing party, are …
Annulment in Florida – How Does It Work?
When couples who have recently married decide that they no longer wish to be together, they often look into the prospect of getting an annulment. An annulment is a court order declaring that a marriage was never valid. (This is different from a divorce, because a divorce means that the marriage is over – not that it never existed in …
How Divorce May Affect Your Health Insurance
Divorce can affect all aspects of your finances – including your health insurance. With health care costs climbing higher and higher, it is extremely important to understand the insurance implications of your divorce early on in the process. This is an especially important subject if your health insurance has been provided by your spouse’s employer. If you have relied on …
What Do “Co-mingling” and “Tracing” of Assets Mean in Divorce Property Distribution?
Let’s say there’s a married couple in Coral Springs, Florida, named John and Mary Doe. Before they got married, Mary’s only asset was the $15,000 balance in her bank account, and John had no assets at all. Now John and Mary are getting divorced. Mary still has $15,000 in her individual bank account, and they have a joint bank account …
Steps a Business Owner Should Take When Preparing For Divorce
It can be very difficult to business owner to objectively place a dollar number on his or her business. But if you are a business owner, and you are facing a divorce, it is extremely important that do your best to come up with an accurate number value. In some divorce settlements, a business is awarded to one spouse – …