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High Asset Divorce Archives

Florida is 7th among states where couples are likely to divorce

We all have our individual reasons for living in Pompano Beach: the weather, lifestyle, ocean, culture and more factor in to our decisions to make our homes here. While many residents view Florida as a place pretty close to paradise, it is not without its flaws.

Keeping teens happy during a divorce: 3 tips

When you choose to go through a divorce, that decision impacts everyone in your family. If you're a parent to a teen, that could be a difficult conversation to have. Teens don't like to be out of control, and many may struggle with the idea that their parents are splitting up. Some teens may believe it's their fault or that one parent is leaving because he or she doesn't love the child.

Attachment to "beautiful" property could backfire in divorce

Some events in life are traumatic no matter how strong you might be. Among the most difficult events: sustaining a major personal injury or illness, getting fired and the death of a close friend. However, all of those crises are lower on the Holmes-Rahe life stress scale than divorce. Only the death of a spouse ranks higher than the end of your marriage.

In the aftermath: A storm-related loan could affect your divorce

While Pompano Beach was spared the worst of Hurricane Irma's wrath, we know that many others in Florida suffered great personal and financial losses. No one knows yet the full cost to state residents of the storm's destruction, but the IRS has already acted to make it easier for victims to get loans and hardship distributions from 401(k)s and other employer-sponsored retirement plans.

The process of valuing and dividing unusual assets

Getting divorced often involves some difficult decisions. You and your spouse need to determine how to divide your assets, the terms of custody and visitation, and proper amounts for child and even spousal support. For many couples, asset division can be a sticking point that leads to a protracted court battle.

Understanding how retirement accounts will get split in divorce

Most people already know that unless they have a prenuptial agreement in place, divorce means their assets will get split with their spouse. The same is true of debts acquired during the marriage. Florida is an equitable distribution state, which means that all marital assets will get divided between you and your spouse by the courts. Marital assets are any assets accumulated during the marriage.

Older people are cohabitating more. How can you protect yourself?

According to the Pew Research Center, the number of people over the age of 50 who live with their partner, to whom they are not married to, is skyrocketing. The rate of "gray cohabitation" grew by an astounding 75 percent between 2007 and 2016. That's a rise from 2.3 million to 4 million over the course of a decade among those over 50. The number of cohabitaters over age 65 doubled over the same period.

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