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Splitting retirement accounts? Get help with the details
For some divorcing couples in Florida and around the country, figuring out how to divide retirement accounts is one of the toughest decisions to make.
Can a postnuptial agreement make property division easier?
For several years, postnuptial agreements have become increasingly popular in Florida and other states. Couples decide to enter into these agreements for several reasons. In some cases, they may be experiencing marital trouble and want the agreement to set forth each spouse' duties and obligations. Other times, couples want a postnuptial agreement in place to assist with property division in case divorce or separation becomes a reality.
Do you need to give the wedding ring back?
Your husband gave you a ring when the two of you got engaged, and then you added a wedding band when you officially tied the knot. Now you have decided to get divorced, and your husband insists that you need to give it back.
The law sees pets as property, not family members
You think of your dog as a member of your family. You raised him since he was a puppy. You have a very close bond. You know how important being part of the pack is to a dog.
You can commingle your home
Most of the time, when you hear people talk about commingled assets, they are referring to bank accounts and financial assets. For instance, one spouse may have $50,000 in a bank account when the two get married, but they spend the next five years putting both of their paychecks into that account and using it for joint expenses. That commingles the assets and means the entire account is now marital property, even though the spouse who opened it initially may well remember having the $50,000 to start.
Get two home appraisals during divorce
If you and your spouse are getting divorced, one of your biggest challenges may be deciding how you are going to divide your home. The best way to get this process started is for both of you to set up your own home appraisal.
Student loans in a divorce decree do not matter to the lender
You and your spouse split up, but you do it on relatively good terms. In fact, your ex even agrees to help you pay back your student loans. You put in the divorce decree that you will each be responsible for 50 percent of the payment every month.
Should you divide your bank account before divorce?
You know you're going to have to divide your bank account during a divorce, as part of the property division process. But what about before you technically split up? Maybe you and your spouse just decided to get divorced yesterday, and you're wondering what steps to take.
A third of divorcees miss a huge financial benefit
What do you think your most valuable asset is? Your home? The vacation house on the coast? The money you have in your bank account?
