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.
You and your spouse have worked hard and earned good incomes. In reviewing your accounts and financial documents as you prepare to divorce, though, something doesn't seem right.
Life happened in an instant, didn't it?
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.
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.
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.
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.
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.
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.