Typically, we use this space to discuss various topics related to divorces of high-earning spouses. However, there is a family law case pending in the Florida courts that involves a multimillionaire athlete and the woman whose two children he fathered that has elements involved in many divorces.
You're working really hard to build your business from the ground up in Florida. You're putting in long days and sweat equity to make it a successful venture. Your spouse doesn't want anything to do with the business, so you have been on your own.
No matter what income bracket you're in, divorce is never easy, even when you vow to do it amicably.
When you got married, you were practically kids, fresh out of college with both a mountain of student loan debt and big hopes for the future.
We've been hearing a lot about the new tax laws that will take effect in January 2019. Now, just weeks away from the new year, let's discuss what Florida residents seeking a divorce can expect.
We've heard for years that money is the biggest cause of stress in a relationship, and a recent survey of more than 2,000 adults reinforces that idea. In fact, 35 percent of respondents said money was the biggest trouble point in their marriage.
When a high-asset couple divorces, sometimes a major drop in one spouse's income means the spouse can no longer pay the agreed-upon child and spousal support income. One high-profile case dealing with just that scenario is making news in Florida. While most people don't have this kind of money, the principle still applies in other case.
Marriage is one of the biggest and most important decisions in life, and a lot of planning goes into a successful wedding as well as a marriage. It's difficult to imagine separating or divorcing, but the event takes just as much planning even if it is not as emotionally safe or happy.
Divorce can change your life forever, and it does so on more than the emotional front or in terms of your personal relationships. It also has a drastic financial impact. You may have to change your spending patterns and your lifestyle to fit with this new stage in life.
Divorce leaves you dividing up your assets, and most people know about the biggest ones. These include bank accounts, homes, cars and investments.