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March 2013 Archives

Florida alimony laws may be changing

Proponents of changing alimony laws in Florida are getting closer to reaching that goal. The alimony reform bill has passed two House committees and a committee in the Senate in the state capitol, indicating that the bill is getting closer to becoming law. The implications of passing the bill are significant as existing alimony settlements may be reworked. The current laws in Florida allow alimony in certain circumstances. The court weighs several factors before awarding alimony, including the length of the marriage, level of education and earning power of each spouse. Current laws allow for a permanent award for alimony. The proposed bill would set stricter guidelines and end permanent alimony. The representative who is backing the bill believes that it is time to change the alimony structure because the family structure has changed over time. Opponents to the bill believe that the changes would prevent parents from staying home to raise their kids.

How to deal with divorce after 50

As the population ages, there has been an increase in the number of divorces that occur after the age of 50, also known as gray divorces. Gray divorces carry with them a number of issues that are not associated with divorces between younger couples, especially when it comes to property division. While dividing a couple's assets is a huge point of contention in most divorces, thanks to issues related to retirement, it can have a much larger impact on older divorcing couples.Those over the age of 50 are usually thinking about retirement, and the way assets are divided during a divorce can dramatically change people's options. Retirement accounts and IRAs are considered to be marital assets that are eligible for division. When individuals are older, it is much harder for them to rebuild these accounts once depleted, meaning that they may end up needing to work longer or change their retirement plans.

Low-profile divorce for high-profile singer

When a high-profile couple files for divorce, the press has a field day reporting on every aspect of the couple's relationship and the circumstances leading to the breakup. In the case of music legend George Clinton, few members of the press and the public were even aware that he was married. According to the divorce papers filed in Florida, the marriage between George and Stephanie Clinton lasted for 22 years, but they have been separated for a long time. The grounds cited for the divorce is that the marriage is irrevocably broken.