In the rush to gather receipts, statements and other financial documents so your accountant or financial advisor can help prepare your tax return, those in Fort Lauderdale, Boca Raton, Hollywood and throughout South Florida who recently had a divorce have another key consideration: When did the marriage end? This is an important consideration for personal and business interests alike.
It's long been the lament of family law attorneys representing wives in separation and divorce cases. All too often, women arrive to this place in their lives with little to no knowledge of the family's finances. Many have been homemakers and mothers to the children - with no involvement in earning an income or managing the household's money matters.
If they get a look at the family's financial state, it may be a quick glimpse at the joint income tax return they sign, assuming the couple files jointly. If they file separately, they may have no idea what their spouse makes.