IF YOU ARE considering divorce, you’ll need to start thinking about the documents you will need to gather to be in compliance with Florida’s “mandatory disclosure” requirement. In Florida, the courts requires each party to a divorce to fully disclose his or her financial information to the another. Many people are confused by this and ask: […]
YEARS AGO I saw a bumper sticker that said: “Love is grand. Divorce is $20 grand.” This saying always springs to mind when I hear couples headed for divorce because of financial troubles. Sadly, divorce not only does not solve money troubles, it usually makes them worse. A settlement agreement is between the parties to the […]
FLORIDA LAW requires parties to a divorce action to disclose to each other complete and accurate financial information. This is called “Mandatory Disclosure,” mandatory being the operative word. Disclosing your finances is not optional; it is a “must do.” Not only is it mandatory to disclose all your financial information, each party must actually swear the […]
IN FLORIDA DIVORCE CASES, the court is required to make an equitable distribution of marital property. Florida is not a “community property state.” In community property states, like California, the courts are required to distribute marital property equally. In equitable distribution states, like Florida, marital property distribution may or may not be equal, but must be equitable […]
CAROL AND RON Carol* and Ron, who is 10 years Carol’s senior, have been married for 22 years, and now Ron has filed for a divorce in Florida. The couple has one minor child, Alex. During the marriage, Carol was the primary breadwinner. Ron moved with Carol all over the country to follow her job […]
BETWEEN 1990 and 2010, the divorce rate doubled among adults 50 and older, according to a study conducted by the National Center for Family & Marriage Research at Bowling Green University. About one in four divorces occur between middle-aged to senior couples. For those in second or third marriages, this rate is 2.5 times higher. According […]
FOR YEARS, your spouse worked and made a good income—enough to support the family. Now you are divorcing, he or she has decided to quit his or her job. Or perhaps your spouse got laid off and can’t find comparable work. Maybe your spouse is working in a different job now that you are separated, […]
THE FAMILY HOME, typically, is one of the most significant assets shared by parties seeking a divorce. These days, though, the family home seems to be one of the most significant liabilities, as so many properties have lost their value in a declining real estate market.For many families, the situation just got worse. The Mortgage Forgiveness […]
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