About half of all marriages in the United States end in divorce. That's why it's a good idea for people in Florida to prepare for the worst before they walk down the aisle. This is particularly true for entrepreneurs. A little planning can help business owners protect...
Divorce
Divorce and credit card debt
Divorcing couples in Florida are often worried about how the division of assets will work out. What they often forget about is the division of liabilities. In a divorce, couples have to figure out what they're going to do about their shared debts, including mortgages...
How a variable annuity can affect a divorce settlement
Individuals who purchase an annuity in Florida agree to pay money to an insurance company in exchange for annual payments in the future. When a variable annuity is the investment vehicle of choice, the payments received by the annuitant in the future are not...
Certified divorce financial advisors
Financial stress and the issues that cause it are among the leading causes of divorce in the United States. Divorcees in Florida probably already know about the need for a good attorney, but they should also consider employing the services of a certified divorce...
Assessing the value of a medical practice in divorce
When a Florida physician gets a divorce, one important step in the process is to assess the value of the physician's practice. In many divorces, both spouses hire a forensic accountant to value the business. Appraising the practice Whether you are the physician or the...
What to bring when you meet with a family law attorney
If you are a Florida resident preparing to get a divorce, you probably want to start figuring out which of your and your spouse’s assets constitute marital property. Marital property is nearly anything acquired during a marriage, and it must be split “equitably,” or...
How to balance a job and divorce
Chances are that Florida spouses going through a divorce are also employees, so they must balance the emotional demands of their divorce along with their duties at work. The onus for doing so falls on them as job demands remain the same regardless of what someone is...
Financial tips for older adults who divorce
A "gray divorce" is the phrase that is sometimes used to refer to divorce between older adults, and it carries its own set of unique challenges. People in Florida who are close to retirement or already retired do not have the luxury of years in the workforce ahead to...
Consider a prenuptial agreement before marriage
In the past, many people getting married in Florida simply did not want to talk about a prenuptial agreement. The truth is that this is a conversation that you almost can't afford not to have. If you are bringing assets into the marriage, they are at risk in a divorce...
A billionaire reportedly hides money in South Dakota
Florida residents in the midst of divorce always face the risk that their spouse may try to siphon assets from the marital estate and hide them from the court. Spouses who are trying to hide assets have a powerful legal ally in trust laws in South Dakota that give...