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 …
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 – …
Child’s College Expenses and Marital Debt in Divorce
When couples in divorce proceedings have disputes over who should get what, they aren’t always arguing over something they both want. There are often disputes over who will be stuck with the things that neither spouse wants to hold on to – their debts and responsibilities. One issue that comes up frequently in divorce cases is the responsibility to pay …
The Connection Between Length of Marriage and Alimony
In Florida, there are many factors involved in determining alimony payments – including the length of the marriage. Despite what many people think, courts don’t simply look at the spouses’ finances when making this type of decision. The length of your marriage can have a substantial effect on both the size of the payments, and the duration of the payments …