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Property Division Archives

Not all property division will work for you after a divorce

The property division phase of a divorce is one that can either set you up for success or for failure. It is pretty safe to say that you want to be set up for success. This means that you need to plan your moves carefully if you are going through mediation for the property division phase of your divorce. We can help you to keep the focus on this instead of on other things.

Know the issues you need to address during a divorce

When you are going through a divorce, you have to make sure that all aspects of the divorce are handled before it is finalized. There are several things that this includes. You might want to make a checklist so that you can discuss each point with your attorney so that you can check each item off as you address it.

Emotional ties can make property division hard

Going through a divorce doesn't exactly bring out the best in most people. If your ex is trying to play hardball and keep everything that you accumulated during your marriage, you may want to just let him or her have it so you can be done with having to deal with him or her. While this is understandable, it certainly might not be in your best interests.

Florida law sets considerations for property division

Property division in Florida can be a difficult issue for people going through a divorce. Unlike some other states, Florida law doesn't stipulate that assets and debts have to be split down the middle. Instead, the law deems that all assets and debts must be divided equitably. This means that you and your ex won't necessarily get equal settlements when the property is divided.

Marital property in Florida is divided based on what is equitable

The assets that you acquired during your marriage have to be divided when you get a divorce. Florida is one of the states in the country that doesn't deal with the community property concept in which assets and liabilities are divided evenly. Instead, the court in Florida will look at what is fair when dividing property.

Should we sell the house?

What to do with the marital home is a major consideration in many divorce proceedings. Sometimes it's a simple matter of both parties agreeing for one person to stay in the house. However, even if it's not something you are fighting over, there still may need to be some changes, such as getting the mortgage in the name of only the person who's retaining the home.

Unemployment status increases divorce risk

Every couple has financial issues that come up from time to time, and disagreements about money and budgeting are common in most marriages. When there is significant financial strain, it can raise the stress levels of both parties, decreasing marital satisfaction and increasing the chance of divorce. However, a study set to be published in the American Sociological Review found that it may not be the actual lack of money that's the problem.

Study shows women end up farther in debt later in life

When many people think of their golden years, they envision traveling the country or spending time visiting with friends and family. However, retirement isn't always this idyllic, and many are finding that their finances and debt levels are seriously impacting their quality of life.

Protect your inheritance in the event of a divorce down the road

A loved one who leaves you with an inheritance likely expected that you would be the person to enjoy it. Ensuring that the inheritance won't be taken from you if you end up getting a divorce is crucial. Whether you received the inheritance before you were married or after, you can still take steps to keep it protected.