When one hears the term pre- or post nuptial agreement, he or she may assume that these documents are intended as a safeguard for the wealthy. In reality, these tools can be an asset to anyone when it comes to the property division aspect of an impending divorce. Even those Florida residents who do not believe they own enough assets can benefit from implementing these agreements -- whether or not they ever seek a divorce.
The law is sometimes a curious thing, in Florida and elsewhere. Laws are often created to address one problem, yet they end up creating other problems. An example is found in a case in another state in which a woman is being forced to pay for an attorney to represent her husband in their divorce. She will have to make payments to the legal counsel who will represent the opposing party in matters related to property division and spousal support.
When a Florida couple are preparing to divorce, there are numerous issues that demand the attention of both parties. It's easy to overlook less common aspects of property division. An example is found in college savings, which should be addressed during the negotiation process.
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.
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.
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.
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.
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.
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.
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.