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The pitfalls of do-it-yourself property division

Who doesn't want to save money? For many Florida residents, the prospect of divorce is closely associated with concerns about financial losses. Some couples choose to take a do-it-yourself approach to their divorce, rather than handing over their hard-earned money to a family law attorney. While this is an understandable concern, going it alone can mean hefty financial losses, especially when it comes to issues related to property division.

Factoring Social Security into property division decision-making

Most Florida residents will tell you that it is never too early to begin planning for retirement. That is especially true for spouses who are going through divorce. The decisions made during the property division process will shape the income of both parties for many years to follow. One financial planning matter that is often overlooked is the impact that divorce will have on each spouse's Social Security benefits.

Property division creates need for new investment planning

During a divorce, far too many Florida residents focus on the money they are losing rather than the money they are gaining. While divorce does entail the division of marital wealth, each individual walks away from the property division process with a share of those assets. That money can be reinvested in a manner that is best for each individual. In this way, property division creates a need for investment planning.

Preparing for contentious property division negotiations

Bringing a marriage to a close is never an easy matter. Many Florida spouses are prepared for an unpleasant experience as they prepare to broach the subject of divorce. For some, however, their spouse's reaction far exceeds anything they could have imagined. When a divorce shows signs of being especially contentious, spouses must prepare for a rocky property division and child custody process.

Dispute over pet-related property division issues

During the course of a Florida divorce, many couples find themselves at odds over matters pertaining to their pets. People often feel a close connection to the animals in their care, and are concerned about their ability to take their pets with them when a marriage comes to an end. In some cases, pets are specifically addressed during the property division process, and an agreement is reached concerning their care. One couple is currently fighting a legal battle over costs related to pet care.

Consider refinancing requirements during property division

When going through a divorce, many Florida residents place keeping the family home at or near the top of their priority list. Staying in one's home is often more about emotions than financial planning, which is why so many spouses make critical mistakes in their property division negotiations. It is important for spouses to consider their refinancing options before they agree to keep the family home.

Handling property division with a narcissist spouse

Being married to a narcissist is never an easy road, but divorcing one can be an absolute nightmare. For many Florida spouses, the reality of their partner's personality disorder was not made apparent until after the wedding bells faded. Once married, many people feel compelled to adjust to their partner's behavior, even when that behavior is nearly intolerable. When divorce inevitably becomes a pressing need, working through child custody or property division with a narcissist can be incredibly stressful.

Supreme Court weighs in on military divorce property division

For Florida servicemembers, going through a divorce is a challenging time. Determining how to divide marital wealth is one of the most difficult aspects of the process, and the outcome will shape the financial futures of both parties. A recent case that went before the United States Supreme Court has led to clarification on property division issues that affect military families.

Making the most out of property division proceeds

Once a divorce is concluded, most Florida spouses will walk away with a share of the wealth that was accumulated during their marriage. The proceeds of the property division process should be dealt with very carefully, so that the wealth is preserved and available for use for many years to come. In order to reach those goals, it may be necessary to make financial adjustments in the months or years following a divorce.

Potential property division issues for spouses to consider

Dividing marital wealth can seem like a straightforward process, but that is not always the case. Pointedly, there are issues that can arise long after the paperwork has been signed, and an inability to reach an agreement on those matters can bring former spouses back to a Florida court. An example is found in the area of real estate and property division. While not a common concern, one couple's story serves as an illustration of how things can turn into a problem years down the road.

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Fort Myers Family Law

Sheldon E. Finman, P.A.
2134 McGregor Boulevard
Fort Myers, FL 33901

Toll Free: 877-214-3207
Phone: 239-332-4543
Fax: 239-334-7828
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