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.
You spent $10,000 on a wedding ring for your future bride. You got married. Seven years later, you're getting divorced.
Owning a business isn't easy. Neither is staying married. Some experts believe those two things go hand-in-hand, making it more likely that business owners will go through a divorce.
It seems like an extravagant wedding would lower a couple's divorce odds. They must be confident that the marriage will last to spend that much on the ceremony, right?
You often hear about offshore accounts in movies and tax evasion cases, but have you ever wondered why people really move their money out of the country? What you'll find is that there are many legitimate reasons to keep at least part of your wealth overseas.