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Posts tagged "High Asset Divorce"

Talking to your relatives about divorce

We know that deciding to end your marriage can be challenging for an array of reasons. On the one hand, you may struggle to adjust to the new direction your life is taking, or you may be unsure of how splitting up with your spouse will affect you or your children. From financial issues to emotional pain, splitting up with a marital partner can be incredibly tough. Moreover, you may be unsure of how your family will take the news that your marriage is coming to an end or struggle with explaining other family law issues to your relatives, such as child support.

Discussing divorce during back-to-school season

When it comes to talking with children about divorce, parents may encounter challenges regardless of the time of year. Often, it can be difficult to try explaining what is happening to children who may disapprove of their parents’ decision. Having said that, there are times when this situation can be more difficult, such as back-to-school season. At Fried and Fried, we understand how important it is for parents who have decided to terminate their marriage to do what they can to minimize the emotional impact divorce has on their children.

Holiday celebrations and high asset divorce

There are many different stressors that can arise when a couple decides to terminate their marriage, especially for those with a high net worth who have children. From the way in which a court splits up marital property to custody battles and concerns about tax implications, various hurdles can arise during the process. At Fried and Friend, our Florida firm also understands that there are certain times of year when divorce can be even more upsetting, such as the Fourth of July, in addition to many other holidays.

Can I divorce my mentally incapacitated spouse?

From infidelity to domestic violence, high asset couples decide that it is time to end their marriage for a wide variety of reasons. In Lee County, Florida, some people may come to the conclusion that divorce is necessary because their spouse has become mentally incapacitated. If you have found yourself going through this, you may be facing various challenges, but you should review how state law deals with this topic.

Working through divorce as a high-profile couple

Whenever a couple decides to end their marriage, emotions can run high and daily life can be very stressful. However, these challenges can be even more difficult for high-couple profiles who live throughout the state of Florida. At Fried and Fried, we are all too familiar with the challenges that you may face if you have decided to split up with your spouse and are in this position.

Could filing for divorce affect my taxes?

When people work through the divorce process, an array of questions and challenges may arise. In Florida, separating from a spouse can cause stress and result in each party financially in various ways. For example, your marital property may be split up, or you may be forced to pay spousal support. However, it is crucial to be aware of other ways that splitting up with your spouse could impact you, such as affecting your taxes.

Spousal support and taxes

When people with a high net worth determine that the time has come to divorce their spouse, an array of concerns may lie ahead. People may wonder how divorce will affect their financial situation in Lee County, and cities throughout Florida. After divorce, various obligations may arise, such as child support and spousal support. For those who receive and pay support, understanding key issues, such as tax obligations, is pivotal.

Does divorce have tax consequences?

If you have recently gone through a divorce or are contemplating splitting up with your marital partner, you may have an assortment of questions, from alimony to visitation matters. In Lee County, and across the whole state of Florida, divorce could also affect you in other ways. For example, it may have a considerable effect on your taxes, which is especially important to understand during tax season.

Which factors can influence the division of property?

For any couple going through divorce, the distribution of marital property can be challenging in various ways. That said, you may be facing even greater challenges if you are in the middle of a high asset divorce. In Lee County, and communities throughout Florida, the financial ramifications of divorce under these circumstances can be significant for both parties and it is important for you to understand some of the factors that the court may take into consideration when deciding how to divide your marital property.

Can my spouse file for divorce overseas?

Whether you are getting ready to separate from your spouse or are already dealing with the divorce process, there are many issues you could be struggling with. For example, you may be wondering if you can settle your divorce out of court or who will get custody of your children. However, there are other divorce issues that may arise, some of which could even catch you off guard, such as your spouse filing for divorce in another country. In Lee County, and all throughout Florida, it is vital to handle these matters appropriately.

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