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Posts tagged "Divorce"

Common issues that cause individuals to divorce

Many Florida residents will agree that marriages require hard work and dedication on the part of the partners to flourish. Even when partners love each other they will still experience disagreements and conflicts that can shake the foundations of their lives together, and if they are not able to overcome their differences they may seek legal ways of ending their unions. This post will explore some of the most common reasons that Americans seek divorces, but as readers are aware, they may find that their own bases to divorce are far different than what they find herein.

Amazon CEO's divorce sheds light on the value of asset valuation

Shopping on Amazon is a common event in the lives of many individuals throughout the nation. Rather than going to their local big box stores or local establishments, Florida residents may submit orders through the online retail giant to deliver their purchases to their doors, sometimes even on the same day as they were requested. Due to Amazon's established place in the retail market, its CEO has become the richest man in the world.

Can a prenuptial agreement ever be set aside during a divorce?

One of the reasons that a Florida couple may choose to create a prenuptial agreement before the parties say "I do" is to manage any expectations the parties have about their property, wealth, and its distribution should they end their relationship in a divorce. Having a valid prenuptial agreement in place can smooth out certain divorce-related negotiations by having in place a set of agreements that the parties have signed off on at a prior time. If a prenuptial agreement was properly executed and does not suffer from defects, it may be difficult to have it invalidated during a divorce.

Equitable distribution during divorce property division

Divorce is a big process. While at its core it is the dissolution of a marriage and the breaking of legal bonds that tied two Florida residents together, a divorce requires its parties to address many other important legal matters. For example, pursuant to their divorce, an Okaloosa couple may have to settle the custody of their kids, financial matters related to alimony and child support, and make tough decisions on how to divide up their property.

The way that alimony is addressed by federal tax law is changing

A divorce can alter many of the plans that a Florida resident may have made for their future. Aside from the incredibly disruptive experience of leaving a relationship that was once intended to last forever, a person may find that they are not as financially stable as they were when they were married. A party to a divorce may discover that they were either dependent on their ex for financial stability or that they were the sole source of their former partner's capacity to financially survive.

Make alimony an important part of your divorce negotiations

In recent generations the instance of both members to a marital partnership working outside of the home has increased. As more women have entered the workforce to advance their own careers, Florida families and families throughout the nation have seen a shift in how money and spending power are allocated between the members of married couples. As more individuals have extended their educations and their earning potentials, the ways in which alimony negotiations are determined and paid out have also undergone changes.

Factors that can influence the division of marital property

Although a divorce is a legal process that ends the relationship created by a marriage, it involves a number of other legal considerations in order to set the respective parties up to begin their new, single lives. For example, if the parties to the divorce are parents, then they may need to engage in negotiations over how they will provide for and co-parent their shared kids. They may also need to evaluate how their shared property will be divided between them.

Do you need to claim fault to get a divorce in Florida?

In the past, some American jurisdictions required divorcing parties to allege "fault" against each other in order to complete the dissolution of their marriages. For example, a wife may have had to allege that her husband had been unfaithful to her in order to justify getting out of her union. Times have changed, however, and most jurisdictions recognize "no-fault" grounds on which couples may base their divorces.

Help for when divorce orders no longer serve the parties' needs

Although a divorce is often a stressful and emotional time for a Florida family, it is also a new beginning for the two people who have decided to live their lives separate and apart from each other. As they work to end their marriage, they must make many decisions to protect their property rights, secure financial resources for themselves and their kids and decide how custody should be established. Courts attempt to exercise good judgment in these matters so that parties to divorces can smoothly transition into their new lives.

Changes to the law may impact when some choose to divorce

This year the federal government passed an overhaul of the tax laws and those changes could have big consequences on individuals who may wish to divorce in the future. One of the ways that the changes to the tax laws may affect divorcing parties is through new provisions that prevent alimony payers from deducting their payments from income taxes.

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