If you're a few years within retirement age, there's one more thing you have to think about as you ponder divorce: Social Security.
Divorcing later in life brings about a set of issues that younger people don't have.
You'll be walking down the aisle soon in Florida, and all the wedding plans are made. You even have a plan for how to maintain your finances after you're married.
Sometimes, when it comes to dividing property and other assets in a divorce, it seems like a going out of business sale, where posters in the storefront blare, "Liquidation! Everything must go!"
You know you're headed toward a divorce. You know you want to stay in your Florida home, and your soon-to-be ex will be content if you do. But there's more you need to know.
Florida is an equitable distribution state, meaning that in a divorce, property should be split fairly.
Dividing any assets can be complicated during a divorce. Even if it is as simple as dividing a bank account, when you and your ex do not see eye-to-eye, it can lead to a long court case as everything gets sorted out. And that's for one of the easiest assets to split up, with the least questions. If even something that straightforward can cause problems, what are some more complex assets to split up?
You're getting married soon. Amid all the planning - the venue, the guest list, even the color of napkins at the reception - don't forget one thing: An agreement that will protect your thriving Florida business.
You're divorcing, and you're done deciding how to split the contents of your Florida home. It went fairly smoothly, save for the squabbles over the living room furniture, the kids' artwork and the big-screen TV.
When you decide to divorce, there is much to consider. Anything related to the children is at the top of the list, but a huge part of your divorce settlement will concern how to divide your marital property.