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High Asset Divorce Archives

Dividing retirement assets during divorce

Florida couples contemplating a divorce might be interested to learn that they should not put off dividing up their retirement assets. Although sometimes couples are eager to hurry up and get the divorce process over so they can begin to move on with their lives, there are some easily overlooked issues that could prove to be quite important. Financial advisors say that splitting up retirement assets is an issue that couples should ensure they take care of during their divorce proceedings, or they may regret it later on.

Planning for the best outcome in a divorce

When someone is going through a divorce in Florida, they might focus on child custody, the division of assets or property distribution. Most states have laws that divide assets equitably, not in half, which means that women could end up short-changed. According to Huffington Post, couples can take steps to prepare for a complex asset divorce.

Filmmaker Michael Moore divorcing after 21 years

Floridians may be interested to hear that after 21 years of marriage, acclaimed filmmaker Michael Moore has filed for divorce from his wife Kathleen Glynn. A complaint filed at the Antrim County Court has revealed that the high-profile couple had already been living apart for some time. The complaint also stated that there is "no reasonable likelihood that the marriage can be preserved." The two own a home together in Traverse City, Michigan, and have no children.

How divorce can affect a home sale

Some Florida residents planning to divorce may wonder about the tax implications. Divorce often includes the sale of a home. The Internal Revenue Code may allow a spouse to exclude some of the gain from a home sale from being considered income. Knowing how to take advantage of these laws can become important in a complex asset divorce.

The complexities of high asset divorce in Florida

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.

Growing old together not in the cards for some seniors

As the Baby Boom generation heads off into the sunset, more than a few boomers have decided that they want to go alone. Grey Divorce is on the rise. Bowling Green State University in Ohio reports that the divorce rate among 46 to 64 year-olds has jumped 50 percent in the last 20 years. Compare that to the Summer of Love in 1969 when the senior divorce rate hovered around 13 percent. One Florida attorney who specializes in grey divorce says some of his clients say they have "had enough" of their spouse and want out of the marriage.

Kramer vs. Kramer or Spy vs. Spy?

The process of catching a cheating spouse isn't what it used to be. The era of the private detective with a camera staking out a cheating partner has given way to an arsenal of electronic spy gear that consumers can purchase and use to snoop on their spouse. High technology is being used to detect infidelity, monitor child visitation, and generally get the goods on the other partner for later use in court. When lots of money is at stake in settlement negotiations, investing a few thousand dollars in gadgets can be money well spent.