When you get married, you likely think that the union will last forever. You probably aren't thinking about what will happen if the marriage doesn't work out. When the marriage ends, dealing with the financial aspects of the divorce can prove to be a challenge. There are, however, some basic points to consider if you are getting a divorce.
When you are going through a divorce, the last thing you need is other circumstances adding more stress to the already stressful divorce. For the now famous -- or infamous -- George Zimmerman, dealing with his divorce while he was incarcerated on a domestic violence charge has caused him some trouble. That charge has now been dropped.
When Florida couples divorce, it may be very difficult to determine who gets what. Courts take into account many different factors to determine the fair and equitable division of marital property; however, the same applies to debts such as student loans, which may be classified as separate or marital debt depending on the circumstances.
People going through divorces in Florida often find the services and testimony of experts to be useful in certain situations. Experts can be called in to provide their opinion on issues such as the division of marital property or child custody matters, and their testimony is generally admissible in court.
Couples in Florida and elsewhere who are going through a divorce often have difficulties in valuing even visible assets such as financial holdings and real estate. They are advised to remember that some less-obvious items can play an equally important part when it comes to a division of marital property . As property division is often just as important a matter in a divorce as spousal support and child custody, care needs to be taken to ensure that all assets are accounted for.
Florida residents may be interested in the findings of a recent survey by a market research firm which showed that secret credit card purchases can play a significant role in divorce. Ten percent of the survey's 1,000 respondents said that hidden credit card charges had been a factor in their separation or divorce. The survey also showed that 36 percent of respondents had kept charges secret because they knew their spouse would be angry. Another 35 percent hid charges because they knew their partner would not approve.
Dividing property in a divorce can be a stressful and painstaking process. Even when the property division is amicable, there can be some unseen obstacles and traps, especially when the asset in question is the home that was acquired during the marriage.
George Zimmerman, known around the country for his recent Florida trial involving the shooting of a teenager from Sanford, is in the news again because his wife is filing for divorce. According to what Shellie Zimmerman said in an interview with ABC news, the trial put a strain on the couple's marriage. The paperwork filed states that they have been separated since Aug. 13 and that the marriage is irretrievably broken.
Divorces can be very messy. Emotions may be high, and people often act out of anger. Making matters worse, Florida laws governing the division of marital property are particularly complicated. Navigating through the process can be a significant challenge, and people often makes mistakes along the way.
When people file for bankruptcy and undergo a divorce almost simultaneously, they may wonder--should the divorce or the bankruptcy come first? This is an complicated question, particularly when elements like assets, debt and property division come into play.