X Close
|
Florida Info
Florida Divorce
Start Your Divorce
Find Professionals
Florida Articles
Divorce Facts
Divorce Grounds
Residency
Divorce Laws
Mediation/Counseling
Divorce Process
Legal Separation
Annulments
Property Division
Alimony
Child Custody
Child Support
Divorce Forms
Process Service
Grandparent Rights
Florida Articles
Agreements
Attorney Relationship
Custody & Visitation
Child Support
Collaborative Law
Counseling
Divorce/General
Financial Planning
Mediation
Parenting
Property Division
Spousal Support
Info Categories
Contemplating Divorce
Children & Divorce
Divorce, Dollars & Debt
Divorce Laws
Divorce Process
Divorce Negotiation
More Information
Articles Checklists Research Center Cases of Interest Dictionary Encyclopedia Encyclopedia (pop-up) Blogs
For Professionals
Advertise With Us Free Network Page Join Our Network Submit Articles Sign In Network Sites
|
Financial Planning
Recent Article List
If you are going through, or about to go through a divorce, you likely know that money plays a big role in the “uncoupling”.
Obtaining an uncontested divorce in Florida comes with many benefits. An uncontested divorce will minimize your time spent in court, speed up the entire divorce process, and put you in the driver’s seat in deciding some of the most important issues associated with divorce.
Even the most amicable of uncontested divorces will have an impact on your finances. In addition to the loss of your spouse’s income, you can also lose your moral support, retirement benefits, and often safety net that comes from having a partner. By following a few important steps, however, you can quickly start getting your financial life and health back to previous levels.
In addition to the emotional impact a divorce can have, it’s important to be aware of how your financial position will be impacted. Now, more than ever, you need to make sure that your finances are on the right track. You will then be able to put the past behind you and set in place the building blocks that can be the foundation for your new financial future.
If you’re married, it’s possible for you to claim Social Security benefits at the appropriate time in one of two ways. You can claim benefits in your own name (if you have been employed and have accumulated enough credits over the years), or you can claim benefits as a dependent (whether or not you ever worked), provided that your spouse satisfied the applicable requirements.
People who have just divorced or are contemplating divorce, need to think about revising their estate planning. Many people forget this important step in pre-divorce planning and post-divorce activities.
In your Florida divorce, one spouse may receive alimony or child support from the other. When that happens, you need to be aware of the tax consequences
Suppose that you bought some rental property with your spouse a few years back and it looks as if you are going to get the property as part of a settlement proposal from your spouse’s expert Florida divorce lawyer.
During the process of Dissolution of Marriage, both husband and wife will develop a budget. This can be particularly important when trying to understand alimony or other support.
Navigate:
Home
States
Florida Divorce Source
Florida Divorce Articles, News and Resources
Financial Planning
Florida requires an equitable distribution of the marital property (what is fair, not necessarily equal). Each spouse keeps the property and debts that belonged to them before the marriage. Each spouse also keeps any property received as a gift or inheritance, or any property that the spouses agree to divide in a written agreement. Any property that was acquired before the spouses married or that was received as a gift or inheritance is not considered marital property. If the spouses cannot come to an agreement, a court will divide the property and the debt.
|
The information contained on this page is not to be considered legal advice. This website is not a substitute for a lawyer and a lawyer should always be consulted in regards to any legal matters. Divorce Source is also not a referral service and does not endorse or recommend any third party individuals, companies, and/or services. Divorce Source has made no judgment as to the qualifications, expertise or credentials of any participating professionals.
"a passion for a better divorce℠"
Established in 1996
Established in 1996
© 1996 - 2021 MH Sub I, LLC dba Divorce Source. All Rights Reserved.