There has been much discussion concerning the upcoming changes in the tax laws and how they will impact divorce settlements beginning in 2019. The Internal Revenue Code will no longer allow those paying alimony to deduct the payment from their income for tax purposes. While the recipient will no longer have to pay taxes on the amounts received, this is not expected to be a financial win. Florida residents who are concerned about how these changes will directly impact them should consult family law attorney.
Those who work in the entertainment industry may often feel compelled to maintain a more extravagant lifestyle than those who live more mundane lives. Unfortunately, during a divorce proceeding, there may be more assets and property for these couples to fight over. Florida residents who believe that their spouse's lifestyle would enable them to provide alimony support are entitled to seek a more equitable division of the marital assets.
The word divorce might make you think of arguments, anger and resentment. Indeed, our culture's view of divorce indicates that it is usually one person's fault, and it is a failure for both parties. Any mature adult who has mutually chosen to separate from a partner knows how untrue and unfortunate this common misconception is. The truth is, many spouses simply grow apart after they are married.
The dissolution of a marriage can lead to intense bitterness and acrimony, especially when the couple have considerable assets to divide. Though many couples may have signed a prenuptial agreement in an effort to reduce fighting, individuals caught up in a high asset divorce may still make harsh allegations during court proceedings. Florida residents facing these issues can seek the guidance of experienced family law attorneys.
The decision to end a marriage is usually only the beginning of the divorce process. Often, disagreements over how to reach a suitable property division settlement prolong the process indefinitely. Florida residents who find themselves embroiled in a contentious battle may find that the input from a neutral party can help them resolve the issues in a timely fashion.