Our Florida readers might remember that last week we discussed how important it is for people who are divorcing to carefully consider how retirement assets are being divided.
Last week, we discussed how alimony is handled in Florida. That might have some of our readers wondering how other aspects of divorce, such as property division, are handled. The answer to that is something that has to be taken on a case-by-case basis. There is no single answer that works in every case. We have the experience necessary to work on your behalf to ensure that the division of assets is handled in a manner that gives you the best start possible.
Florida residents that are thinking about or currently experiencing their own divorce may be interested to learn of a recent article concerning some of the possible tax implications of divorce. According to its author, continuing to mix finances even after separation can be tempting given the possible complexities involved in extricating them from one another, but this could also cause a great deal of problems in some cases. To emphasize his point, he presents the example of a man who was taken advantage of by his former spouse during tax season.
When a couple gets divorced, many financial matters have to be settled. This is especially true for people with numerous assets. Because Florida is an equitable distribution state, assets are divided in a fair and equitable manner but not necessarily 50-50. A spouse who is divorcing in Florida should be aware of the factors that judges take into consideration when dividing assets.