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Coral Springs Divorce Law Blog

How can I help my child to thrive in my home after divorce?

Having to split your time between two houses isn't something that most adults would do willingly; however, it is something that many children have to do. If you and your ex have children, there is a chance that they are in this position.

There are some ways that you can help your children to adjust to life in two houses. Consider these points:

Know what to consider in a high-asset divorce

We recently discussed what you need to know when you divide up retirement accounts in a high-asset divorce. This isn't the only consideration that you will have in these divorces. You also need to think about assets, such as investment accounts and real estate holdings. You might even have a business that needs to be addressed in the divorce.

We understand that you might feel overwhelmed thinking about all of the things that you have to decide about your divorce. We can help you work through them in a manner that lets us address them all.

Know what you need to split retirement accounts in divorce

One thing that some divorced couples have to think about is retirement accounts. This is sometimes a huge consideration, but since they are only in one person's name, it takes a special order to get this transferred to the other party if this is part of the divorce settlement.

When a retirement account's funds need to be disbursed to another person besides the account holder, you need to get a qualified domestic relations order (QDRO). The QDRO is a complex order that has to be carefully considered, so make sure that you work with someone who understands these.

Learn what Florida laws say about alimony payments

Alimony is something that is a contentious issue in many divorces. Typically, this is something that is associated with a high-asset divorce. In some cases, it is an issue because one parent sacrificed his or her career to raise the children or that a spouse left work to care for the marital home.

A divorce is a difficult event in a person's life if he or she has been financially dependent on his or her spouse for some time. They will have to learn the skills necessary to move back into the workforce. Then, they will have to deal with the issue of having holes in their resume during the period where they stayed home.

You don't have to be stuck with monthly alimony payments

Not all divorces come with alimony payments, but if there is a chance that your divorce will, you should know that you don't have to get stuck with monthly payments. In some cases, it is possible to use a lump sum payment to get the alimony taken care of all at once.

Lump sum alimony isn't possible for everyone. You have to have the resources available to make the support payment. The payment should be the same as what it would have equaled if you had made all of the monthly payments. This can limit the suitability of this arrangement.

Thinking about whether child support is going to the child or not

We recently discussed the fact that some parents are concerned about how child support payments are being used. If you recall, these payments can be used for anything that the child needs. This is true even if it is something like paying the mortgage that benefits other people.

Most parents only want to make sure that their children are properly cared for. Parents who are paying child support want to be sure that the money they are paying is helping their children and not being used to support their ex.

Concerns regarding how a parent uses child support payments

A parent who pays child support usually wants to be sure that the money he or she is paying is actually going to the child's needs. This is something that is often difficult because the parent who receives the child support usually isn't required to provide proof that the money is actually going to the child.

While most parents who receive financial support for a child do use the money for the child, there are some cases in which this doesn't happen. The paying parent might decide that enough is enough and want to take action. If you are in this position, consider these points:

Evaluate the options for your child custody case

We recently discussed how child custody issues might come up after a parent dies. This is only one example of when a child custody case might be necessary. Many children grow into adulthood with both parents still living, so you must realize that children who lose a parent are in the minority.

If you are facing a child custody issue, you should take steps to understand what the court is going to consider when your case goes before the judge. The court has to take only the child's best interest into account in all decisions. This means that what is easiest for you and what you prefer aren't going to be considered.

Child custody issues might arise from the death of a parent

No parent wants to think about what is going to happen to their child if the parent passes away. Unfortunately, this is something that does happen. The way that the child custody plays out after a parent dies depends on a variety of factors.

If both parents are still living together, the living parent would likely be able to just continue living. Although, the deceased parent's family members might push for visitation with the child.

Know about asset and debt division in divorce

A high-asset divorce presents a challenge in many cases simply because of the complexities of the assets and debts. Many people remember that they will have to divide up the marital assets, but you will likely have to divide up the debts too. This might not be as fun as dividing the assets.

We know that you might wonder how you are going to work through all of this. The short answer is that you will take it one decision at a time. In order to ensure that you are working through all of the applicable decisions that must be made, you can make a list of what you know needs to be handled.