Escaping from an unfair pre-nuptial agreement
Fried and Fried, P.A. Blog
by indraneildeyexela
1w ago
Prenuptial agreements  in Florida marriages were once as rare as long-term marriages in the state. In the last three or four decades, however, these agreements have become a staple of a person’s second or third marriage and are commonly seen in marriages between persons of average financial resources. Unhappily, the increase in the number of prenup agreements has led to a corresponding increase in the number of individuals attempting to convince judges to declare a prenup agreement invalid. Many people wonder whether prenups are enforceable in Florida. They are, but the circumstances may ..read more
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Know how the collaborative law process works
Fried and Fried, P.A. Blog
by willcrainexela
3w ago
Not all Florida divorces are contentious. For some couples, negotiation is possible and they can avoid the time, cost and emotional ramifications of an acrimonious case. In these situations, it might be wise to consider the collaborative law process. The collaborative law process is meant to avoid the common pitfalls that are part of many divorces. The two sides try to forge solutions together, be flexible and negotiate outstanding issues. They must first sign an agreement to take part in this process. No one is obligated to take part in collaborative law. It is done entirely by choice. When t ..read more
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What are the different categories of alimony that can be awarded?
Fried and Fried, P.A. Blog
by indraneildeyexela
1M ago
In Florida family law cases, people who are in the middle of a dispute over how much alimony will be paid might think that it is a simple matter of the court deciding what would be a fair resolution, determining how long it will last and issuing the order. However, it is more complicated than that and there are myriad factors that are involved not just in the amount but the duration as well. The court can assess the case on its own merits, look at how long the couple was married, gauge the marital lifestyle, calculate the income and income potential of both sides and make its determination. In ..read more
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How is child support determined with high-net-worth couples?
Fried and Fried, P.A. Blog
by indraneildeyexela
1M ago
In Fort Myers, Florida, the determination of child support in high-net-worth cases can vary from traditional divorces. Unlike standard calculations, these high-net-worth cases require a deeper understanding of financial complexities and the children’s needs to ensure adequate support. Key factors Florida’s child support guidelines, while equitable, may not fully address the financial realities of high-net-worth couples. In such cases, the court considers factors like the parents’ income, the children’s needs and the lifestyle they would have enjoyed if the family remained intact. Judicial disc ..read more
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The child’s needs are just one factor in determining child support
Fried and Fried, P.A. Blog
by willcrainexela
2M ago
It is sometimes said that as one’s net worth increases, so too do one’s expenses. People who have become wealthy often observe that expenses that once seemed optional — club memberships, household employees and so on — now seem mandatory. And, yes, much of the public won’t have any sympathy when hearing these complaints. We should all be so lucky as to have problems such as these. Still, newfound wealth can have a lot of unforeseen consequences. A case decided last year in the District Court of Appeal of Florida, Second District, centered on the question of how child support obligations change ..read more
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Don’t overlook these factors when dividing real estate in divorce
Fried and Fried, P.A. Blog
by willcrainexela
2M ago
Real estate can carry a lot of value, making up a significant portion of your marital estate. When you’re in the midst of divorce, then, figuring out what to do with these properties can be key to your future and your financial success. But what’s the best way to go about addressing the family home and any vacation properties you own? Let’s take a closer look. Before you start divvying up real estate in your divorce, you need to take a few considerations into account. This includes: The true value of each piece of property, which will require you to have appraisals completed that are fair and ..read more
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Don’t make these gray divorce mistakes
Fried and Fried, P.A. Blog
by willcrainexela
3M ago
Getting divorced later in life is tough. It can be hard to untangle your life from someone that you once loved and that you were connected to for years or decades. But dealing with the financial ramifications of gray divorce can be even more difficult. And you need to make sure you get your fair share of the martial estate, otherwise you’ll be left at a financial disadvantage without much time to rebuild your wealth. That said, you’ll want to be sure to avoid costly mistakes in your gray divorce. Avoid these mistakes in a gray divorce There are a lot of missteps that can be made in a gray divo ..read more
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How to co-parent like a pro
Fried and Fried, P.A. Blog
by carmen.reyes-wolfe@thomsonreuters.com
3M ago
Going through a divorce is tough, especially when there are children involved. In recent years, many couples have made the decision to co-parent their kids, essentially raising them together even though they are divorced and no longer live together. Research shows that co-parenting is an excellent option for children. The divorce does not affect them as much; it is less of a shock to their system, and they feel loved and supported by their parents. However, co-parenting does not come without its challenges. While it depends on the couple, because some couples are more laid-back and others are ..read more
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Dividing artwork in a Florida divorce
Fried and Fried, P.A. Blog
by willcrainexela
3M ago
During your marriage, you and your spouse may have invested in several expensive art pieces and other collectibles. If you are getting a divorce, it can be difficult to determine who should keep which items. Art pieces can be highly valued for emotional reasons, as well as financial ones. In an equitable distribution state like Florida, these valuable assets are distributed “fairly and equitably” between divorcing spouses. Before the court can decide how to divide up the artwork in a divorce, it must first determine the value of each piece of art. Determining the monetary value of art The ..read more
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What you need to know about ‘equitable distribution’
Fried and Fried, P.A. Blog
by willcrainexela
4M ago
Couples in Florida who are getting ready to go through a divorce have probably heard the term “equitable distribution” come up in their research about the legal process. At the same time, the word “fair” may arise quite commonly as well. So, what do you need to know about equitable distribution and, perhaps more importantly, how do you determine what is fair? Equitable distribution basics Equitable distribution is a legal term that applies in the issue of property and debt division in a divorce. In essence, the term means that property and debt will be split up between the divorcing couple in ..read more
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