If you have been following the state of divorce in recent years, you may have noticed that so-called ‘gray’ divorces are on the rise. Baby boomers and seniors are making the decision to split, often after decades of marriage. In this kind of divorce, there are very specific challenges that couples often have to face. One thing that these divorces may not include is child custody, since the children of these couples are often into adulthood already.
It's unlikely that any divorce is particularly easy, but most people can understand why a divorce that involves a child can be one of the most difficult. If there are no children involved, the spouses can part ways and never (or almost never) contact each other again unless they are working to untie a few loose ends. If there is a child involved, things get a lot trickier. Some parents can't wait until the child's 18th birthday because it is a sign that they are finally untied from their ex. But in reality, because you are both parents to your child, that tie may never really be gone.
In our last post we began a discussion about the worries business professionals have when it comes to dividing their assets during divorce. If you have worked hard to keep your private practice going, it's only natural that you do not want to see it go under due to divorce.
Divorce has many moving pieces and those pieces have a way of disrupting just about every part of your life. The divorce process will likely bring change to your current financial situation, as well as your familial and emotional situation. The fear of these transitions can often keep someone from filing for divorce for years, if not decades.
There are many pieces in the asset division puzzle. And just like that 5,000-piece puzzle you've been working on, when you lose even one piece, it can be very frustrating. When couples are entangled in a high-asset divorce, the role of legal representation can really help put the mind at ease. A lawyer can be the person who keeps all your pieces on the table.
Anyone entering a marriage likely hopes they will never become a divorce statistic, but as we all know too well, it can be hard to predict the outcome of a marriage, no matter how strong it is at any given time.
A recent report from credit.com shows one of the many reasons that some people are hesitant to get a divorce in Florida: cost. In order to initiate the divorce proceedings in our state, Floridians will pay $409. That is the most expensive filing fee in the nation. Right behind us is Minnesota at $402 and California at $395. It may not seem that bad until you hear that the filing fee in Mississippi is $52.
Once you've made the decision to divorce, it's often not as simple as running to a lawyer and filing. Well, it could be, but in most circumstances it is wise to do some prep work before you actually file.