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for South Florida Residents

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High Asset Divorce Archives

Collaborative Law Process Act may make divorce process easier

Divorce can cause a great deal of emotional distress and financial turmoil for Florida couples. With so many factors to consider, high asset divorces in particular can involve a number of complex issues that can leave soon-to-be exes at each other's throats. The Florida Supreme Court is hoping to make things easier for divorcing couples by enacting the Collaborative Law Process Act, effective as of July 1, 2017.

"Gray" divorce can threaten retirement accounts

Love can last a lifetime, but that isn't always the case. In fact, many Florida couples who have been married for a long time suddenly find themselves falling out of love and longing for a fresh start in life. For this reason, divorce in later life is becoming more common. Studies indicate that the rate of divorce for people 50 years of age and older has almost doubled since the 1990s. This means that for every 1,000 individuals in that age group, approximately 10 are divorced.

How do I avoid post-divorce financial stress?

It can be extremely stressful to go through a divorce under any circumstances. Your emotions can run on high and you may find yourself angry, sad and disappointed. But, if you are party to a high-asset divorce, then you may be concerned about your financial well-being, and for good reason. Property division, child support and alimony can all take a toll if not properly handled. However, even in the aftermath of a contentious divorce, there are steps you can take to help ease your financial strain.

How is property division established?

In the United States, there are two types of property division that are used by the courts in the event of a divorce. 10 states use what is called "community property," where all marital property is considered community property and is split evenly. A majority of states have what is called "equitable division."

Hollywood superstars Ben Affleck and Jennifer Garner to divorce

Two years after separating, even with speculation that they could be reconciling and giving marriage another shot, Hollywood couple Ben Affleck and Jennifer Garner are getting a divorce. They each sent out their court papers on April 13.

How an inheritance may be handled during divorce, asset division

When loved one's pass on they often have assets that may become property of their loved ones. This is what is known as an inheritance - some people have been the benefactors of an inheritance over the term of their marriage. Many decide to put the money away, and may have even put it in a separate account. How is this asset handled when you and your spouse are filing for divorce?

When asset valuation issues arise, expert may be needed

Many Florida residents put an immense amount of dedication and effort into their jobs. This includes the many small business owners around the state, who often stop at almost nothing to ensure their business finds success and growth in an ever changing marketplace.

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