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Posts tagged "High Asset Divorce"

Who gets the retirement accounts when you divorce?

In all likelihood, you and your spouse have accumulated a significant amount of money in your respective retirement accounts and/or pension plans during the course of your marriage. If you now seek a Florida divorce, which of you gets which portion of these accounts, and in what manner, becomes a major consideration.

Are your antiques worth as much as you think?

If you and your spouse are a high-asset Florida couple, you likely own some antiques. Or more to the point, you likely own several, or even quite a few, old objects that you believe are antiques and therefore valuable. Unfortunately, you may be wrong on both of those assumptions.

Homes and mortgages in a divorce

When a couple in Florida makes the difficult decision to separate and eventually to get divorced, there can be a virtual onslaught of tough decisions to be made. One of these decisions can often be what to do with the marital home. It is not uncommon for one spouse, often the wife, to wish to keep and stay in the home. This is particularly common when young children are involved as parents want to maintain stability for their kids.

What do artists face when it comes time to divorce?

Florida artists who are getting a divorce face the complicated question of how to divide artwork that they have created during the marriage. According to the Huffington Post, the courts have ruled that artwork can be considered community or marital property. This means that artwork created by a professional artist is subject to the rules of division that govern marital property, which include inventorying assets, valuating them, and eventually dividing them between the spouses.

Understanding the gray divorce phenomenon

When people enter into the bonds of marriage, they vow to stay together ‘till death do us part.’ However, even after years of marriage, problems may occur that can cause a couple to part ways. Gray divorce is used to reference people who decide to separate after the age of 50-years-old, and the rates of this type of divorce are growing.

What the rich should understand about divorce

If you are going through a divorce in Florida, and you have a lot of money and assets, you should understand that your divorce is different from those in the middle- and lower-classes. There are different factors, such as child support, asset-valuation and legal proceedings, that make a divorce more complicated, so you should prepare in advance.

What constitutes marital property?

Going through a divorce or legal separation can be overwhelming. Not only are there strong emotions involved, but you may find it difficult to face certain tasks while creating the final divorce settlement. One of the most trying issues to tackle may be that of property division. Distributing all of the marital items you accumulated throughout your marriage may be difficult. In Florida, and in many other states across the nation, all marital property amassed during the marriage is divided according to what the judge deems fair and equitable. In order to ensure you get everything you are entitled to in the divorce settlement, it is important to understand what constitutes marital property.

What makes for a fair and equitable property settlement?

As you and your spouse go through the divorce process in Florida, your property settlement negotiations likely will play a huge part. You probably already know that Florida is a “fair and equitable” state, meaning that the property settlement agreement you and your spouse arrive at must, in fact, treat both of you fairly and equitably.

Why do divorce rates increase with subsequent marriages?

If your first marriage was not successful, will your second marriage stand a better chance? How about your third marriage? Some people believe that the first marriage is simply a ‘trial run’, and that the mistakes learned during the first marriage will help prevent the second marriage from failing. Statistics show the trend differently, however, as the number of couples filing for divorce increase in second and third marriages. The numbers show that while over half of all first marriages end in divorce, 67 percent of second marriages and 73 percent of third marriages are doomed for failure. What accounts for this increased divorce rate?