The more assets that couples share with each other, the more likely they are to experience a significant dispute about the division of their property during a divorce. People who have enjoyed a higher standard of living during their marriage have higher expectations for the outcome of their divorces, in many cases. High-net worth couples that are facing a high-asset divorce may need to prepare for longer negotiations and more costly divorce proceedings than the average couple. There are numerous challenges that may be a bigger concern in a high Florida divorce than there are in re: a working-c ..read more

It may take someone’s entire working lifespan to set aside sufficient resources for retirement. While most adults can potentially also draw Social Security retirement benefits, their personal savings will likely be their main source of financial support during their golden years. Many couples start saving for retirement together, but a significant portion will divorce before retirement. How much of any given retirement account is at risk in a Florida divorce? Marital contributions are subject to division Some people protect their income or their retirement savings with a prenuptial agreement ..read more

Over a third of divorces now involve people who are over 55. Even though “gray divorce,” as it’s sometimes known, has become increasingly common, that doesn’t mean there aren’t still challenges in getting a settlement that will allow people to move forward on financially solid ground. That’s particularly true for women. Even women in their 50s, 60s and older who started working when they graduated from college likely took time away from the workplace if they had children. That can mean losing ground on earning potential when they return. Further, on average, women’s wages have never been equal ..read more

Slip-and-fall accidents are sometimes thought of as being minor because they don’t really look like major incidents. While it’s true that many people can fall without suffering serious injuries, some slip-and-falls result in catastrophic injuries. It’s always best to err on the side of caution when you slip and fall. If you’re in a commercial establishment, make sure you report the incident so there’s a record of what happened. This could become valuable if you opt to pursue a compensation claim. Be sure you get a copy of the report. Additionally, document who took the report and their positio ..read more

Certain obligations are automatic when a couple divorces. For example, when you share children, child support orders are the standard and will typically be a nearly automatic side effect of initiating divorce proceedings. The children have a right to financial support under Florida state law that neither parent can typically waive unless both are already financially independent. When it comes to spousal support or alimony, the process is much more confusing. It is not automatic, which means the spouse hoping to secure frequent payments from their ex will need to request alimony specifically. W ..read more

There are dozens of laws that dictate what you can or should do on the road in Florida, and there are many drivers who happily ignore those laws. People drive around with expired licenses and fail to use their turn signals. They ignore speed limits or intentionally drive the wrong way down a one-way street to reach their destination just a few minutes faster. Any driver breaking traffic laws puts you at a disadvantage, but some of them put you at financial risk. Some drivers in Florida let their mandatory insurance coverage lapse because they failed to make monthly payments. Other drivers inte ..read more

Financial concerns can lead to divorce, but they can also prevent people from filing when they probably should. When you don’t understand what divorce might mean for your finances, you may not feel comfortable with taking any permanent steps. Learning a bit about the practical financial implications of divorce can help you make a better decision about when to file and how to handle your divorce proceedings. Most divorces cost thousands of dollars Florida has the 15th highest divorce costs in the country. Those with children spend an average of $20,300 on divorce, while those without children s ..read more

Financial matters are often divisive for those negotiating an upcoming divorce. You and your ex may have very different ideas about what would be fair when it comes to alimony or spousal maintenance. If you have stayed at home raising your children for years, you may feel like it is only appropriate to receive some support until you can get your career back on track. If you have worked hard to support your family for years and don’t want to divorce, the idea of paying alimony can be very frustrating. When you understand the rules about alimony in Florida, you will be in a better position to ad ..read more

Within child custody plans in Florida, the guidelines for parental decision-making are set in place. Not only does the parenting plan address each parent’s daily responsibilities and the time-sharing agreement, but also their decision-making responsibilities. If divorcing parents who share custody cannot agree on the latter, the court will intervene as it has the discretion to determine decision-making rights. A judge’s main criteria: the best interest of the child and which arrangement would be most productive. Shared responsibility Decisions that require parents’ attention include the child ..read more

Even if the divorce is the best solution for your futures, the couple will likely have to work through numerous negotiations on the path to independence. From spousal support to a parenting plan, the divorcing couple must engage in several discussions to reach an acceptable compromise. Often, the couple gets stuck during dividing asset ownership and debt responsibility. Florida is one of the states that follows the equitable distribution model. This means that the divorcing couple will receive an equitable or fair split of the assets and debts rather than a 50/50 split. In other words, the ove ..read more