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Florida State football coach, ex-wife settle divorce issues

Florida residents who get married often believe they have found the person with whom they will spend the rest of their life. However, this is not the case for everyone, as divorces occur for a variety of reasons.

Once a divorce occurs, agreements between the former spouses may be hard to come by. This is particularly true in a high-asset divorce, which involves the distribution of significant assets or debt between the couple. The larger number of assets at stake, as well as the value of those assets, can prompt more disagreements as to how each asset should be distributed fairly.

For instance, high-profile couple Jimbo and Candi Fisher recently entered into a settlement agreement to resolve their divorce proceeding. The Florida State football coach and his wife agreed on issues of child support, property division and alimony. According to reports, Candi Fisher was distributed at least $3.4 million of the couple's assets, as well as $4,500 per month in child support. However, the reports were somewhat speculative, as the terms of the settlement were confidential and the alimony amount was kept secret.

High asset divorces may involve significant awards of child support or spousal support. Disputes may develop as to whether spousal support should be awarded, and what the proper duration and amount of alimony is proper under the circumstances.

This is not to say that agreements do not happen between individuals, including in high asset divorces. Individuals may sign off on settlement agreements in order to avoid a protracted legal battle or because they want to avoid the uncertainty that would otherwise result if the matter is left up to a judge to decide.

Ultimately, the decision of whether to enter a settlement agreement or pursue divorce litigation will vary based on the circumstances of each case. The facts and law involved, the assets at stake and the other side's reasonableness in agreeing to equitable terms will all factor into the decision of whether to sign off on a settlement agreement.

Source: Miami Herald, "Details emerge from Jimbo and Candi Fisher divorce file," Jose Lambiet, January 8, 2016

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