Division of assets in a divorce depends on the state where the divorce occurs. Some states, such as California, consider all marital assets community property, while other states, such as Florida, are equitable distribution states, where a judge divides the marital...
Equitable distribution refers to the way a judge divides your assets when you pursue a divorce. Equitable does not necessarily mean equal distribution. Therefore, before you file for divorce in Florida or respond to your spouse’s filing, you should understand what...
All couples face challenges when they divorce, but if you face a divorce later in life, you may encounter unexpected issues. For example, if you are like most individuals, you saved and contributed to your retirement funds for many years. However, if you are nearing...
Divorce is difficult for everyone, but couples who share significant assets in their marriage have many additional layers of complication to consider. It can be overwhelming to enter a high-asset divorce without a plan for how to address the most important matters....
While marriage often represents a high point in a person's life, it can also lead to a painful divorce down the road. Though nearly all couples go into marriage with the best of intentions, it still remains difficult to stay together for the duration. A number of...
Even though your marriage has not worked out quite as you expected, you have some lovely memories of the relationship you have shared with your spouse. One of these is probably your engagement day. After all, it is hard to forget about your then-boyfriend getting onto...
Florida is an equitable distribution state, and while asset division in divorce cases is not always equal, it is fair. The first step in the division of assets, including gifts, is differentiating between marital and separate property. Marital vs Separate Property All...
The process of dissolving your marriage and continuing on with your life can leave you feeling overwhelmed. Even small issues may seem harder to deal with as the weeks continue. Learning how to deal with these new feelings will help you start fresh after and during a...
Divorce can be stressful enough due to emotional factors, but when it comes to dividing property, this is where an already difficult situation often implodes. For this reason, understanding Florida's process can help you know what to expect. In turn, this can reduce...
If you and your spouse decide to part ways, you have a lot to think about, including who will assume responsibility for what debts. While you and your spouse may have shared the financial load during your marriage, outstanding liabilities can quickly become a...