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South Florida Family Law Blog

Legal recognition of tri-parenting has been growing in the U.S.

In recent times, the forms and structures families take have been getting more and more varied. This in turn, has led to some shifts within family law. One area within family law which has seen some notable movement in recent years is the number of legal parents a child can have.

Traditionally, the number of legal parents a child could have was capped at two. However, lately, instances have been arising in which three people wish to be the parents of a child. This arrangement has been referred to as tri-parenting.

Debt/credit issues important to consider when merging, or separating, finances

Among the things a marriage typically involves is a couple merging their finances. It is important for a couple to handle such an endeavor with great care. There are many issues that can be crucial for a newly married couple to carefully consider before deciding how to go about merging their finances.

This includes credit and debt issues. The two members of a couple can be going into a marriage with very different credit histories/scores and debt loads. When getting married, it can be important for a couple to be aware of any such differences that are present. It can also be critical for such a couple to factor in such differences when determining how best to protect both of their credit scores and to address debt in a way that is most consistent with the couple's overall best financial interests.

How to determine if your spouse is hiding assets during divorce

Going through a divorce can become a protracted and frustrating process. It is difficult putting an official end to one of your most important relationships. If your former spouse is refusing to cooperate, that can make divorcing so much harder than it needs to be. If you have already separated or are estranged, there may be additional complications to your divorce. An estranged spouse may refuse to share critical financial information, which can complicate the process. After all, how can you work toward an equitable distribution of assets if you don't know what marital assets exist?

Even if your spouse is cooperating or you have access to financial records, asset division can be complex. The more assets you have, the greater the potential incentive for your former spouse to withhold or hide assets during a divorce. There are a variety of ways that people hide assets. Sometimes, an individual will withdraw cash in small increments over many weeks or months before filing for divorce. Other times, people may purchase items that have value that their spouse won't have an interest in, in hopes of hiding the value of those assets during the divorce.

Property division issues for stay-at-home parents

Stay-at-home parents can have some unique concerns when they are divorcing their spouse. These include special issues/concerns related to property division.

Here in Florida, property in a divorce is divided through equitable division. It is important to note that equitable doesn't necessarily mean equal. Rather, courts are to divide property fairly. There are various factors Florida courts can look at when determining if deviating from an equal division of property in a divorce would be fair.

When one's spouse is uncooperative regarding financial info in a divorce

With all of the emotions and issues involved in a divorce, things have the potential to turn contentious. For example, a person could encounter uncooperativeness from their estranged spouse. One area in which a spouse could become uncooperative is in sharing financial information that only they have access to.

Compiling all relevant information related to marital finances is a critical step in preparing for a divorce. The amount of relevant information to collect can be considerable. This can particularly be the case in high-asset divorces. Missing key pieces of information could put a person at a big disadvantage during divorce proceedings.

Spousal support issues for primary wage-earners

People can have many roles in a marriage. The roles that a person has in their marriage are among the things that can influence the outcome of a divorce. For example, in some marriages, if one individual serves as the primary wage-earner, he or she may have significant financial worries during a divorce. This includes worries about what will happen to their business or other assets. They may also  worry about how much of their income will actually end up going to the other spouse after their divorce. If these are concerns that you may have, contact the Law Office of Cheryl Bucker, P.A.

Why retirement is an important thing to think about in a divorce

Divorce is a major transition in a person's life. When getting divorced, it can be important to give some thought to another big life transition, one's future retirement. Specifically, it can be important to pay close attention to issues regarding retirement savings during and after a divorce.

During a divorce, how a couple's retirement assets end up being divided can have considerable impacts on one's future retirement. It is also important to consider the special rules related to splitting up retirement assets during a divorce, such as the necesssity of a Qualified Domestic Relations Order or other Court Order. Skilled Florida divorce attorneys understand the importance and complexity of retirement asset division in a divorce. They can help individuals address retirement asset issues (such as issues regarding pensions, 401K plans or IRAs) in division of property matters.

Many of America's 'divorcee capitals' in Florida

Going through a divorce is something many people in the U.S. have experienced. There are some U.S. cities in which individuals who have experienced divorce make up a particularly high percentage of the population.

A recent analysis came up with a list of 77 divorcee capitals in the United States. These cities were ranked based on the percentage of divorced people in their population. All of the cities on this list had at least 10,000 divorced individuals in them.

Social media can make things harder during your divorce

For many, social media has become a primary means of connecting with others. In some cases, people use their social media accounts to maintain friendships, share special news and get advice or recommendations from people. Other people use it as a platform for venting frustrations and gossiping. If you fall into that second category and are going through a divorce, you should be very careful about what you are posting on social media. In some cases, it can and will be used against you during your divorce proceedings. You should speak with your attorney about how to act on social media.

Your attorney will understand your need for social support, but will also understand the potential ramifications of public speech during a contentious divorce. Getting guidance can help you avoid mistakes that could cause issues with your asset division or child custody proceedings. It's important to remember that protection of free speech does not mean that you are free from consequences due to your speech, including things you say and share on social media. Sharing too much or displaying your anger online could cause a lot of issues.

Key details in real estate matters in a divorce

Property division in a divorce can involve a wide range of high-value assets. This includes real estate. Although the family home can raise significant property division issues, it is far from the only type of real estate a divorce can involve. Other types of real estate subject to property division in a divorce could include investment properties, such as rental properties, and vacation homes.

When it comes to any type of real estate in a divorce, some very important decisions can come up for a person regarding what approach to take in connection to the real estate in property division proceedings. Given the high-value nature of real estate, these decisions can have significant financial ramifications.

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