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June 2016 Archives

Subtle signs of relationship troubles that can lead to divorce

Sometimes when couples decide to divorce, friends and even family members are taken aback because they saw no outward signs. Often, the signs of trouble in a marriage are subtle. In fact, sometimes couples drift apart without even realizing it until it's too late.

Why shared financial responsibility is essential for couples

Many couples reject the idea of a prenuptial agreement because they believe that it's "planning for failure." However, whether you choose to get a prenup or not, doing some wise individual financial planning and saving during your marriage can help prevent unexpected and unpleasant consequences should the marriage end. Further, it's important that both spouses are involved in the financial decisions, managing the budget, paying the bills and saving for retirement.

Divorce rate is still over 50 percent thanks to baby boomers

Some media reports have challenged the long-held belief that half of all marriages end in divorce. They point to several trends, including the fact that the divorce rate has dropped in the past few decades, particularly among young people. Further, people are being more selective in choosing a mate and waiting longer to take the plunge.

Do you really need a Florida divorce attorney?

Increasingly, Florida couples are opting not to have a litigated divorce. For couples without minor children and/or those who don't have substantial assets to divide, this can be a simpler, faster, more cost-effective choice if they're able to work out issues of property division amicably without each retaining an attorney.

Don't forget tax implications when you divide assets in a divorce

When you're going through a divorce and working towards a settlement, an experienced Florida family law attorney will advise you to look beyond the immediate financial impacts of the settlement to consider longer-range tax implications. If assets aren't correctly divided, you could end up with tax obligations you didn't anticipate. That's why many people have tax and financial advisors on their divorce "team" in addition to their attorney.

How to handle a timeshare in a divorce

When spouses are listing and dividing up their assets in a divorce, occasionally an important one that gets overlooked is a timeshare ownership. Perhaps one spouse was handling the payments, so the other spouse may have forgotten about it -- particularly if they hadn't vacationed there for awhile. However, forgetting about a timeshare can cause you legal and credit problems down the line with the resort if neither of you is paying for it after the divorce.

It's essential to talk to your kids about finances after divorce

Nearly every couple who goes through a divorce experiences some negative impact to their financial situation no matter how favorable the settlement is for them. It's simply more expensive to maintain two households than one. For couples with children, this generally means changes in their lives. They may have to give up some of the things they've grown accustomed to.

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