If you’ve decided to get a divorce, and you’ve talked to friends and family about it, you’re probably receiving unsolicited advice from a lot of different people. However, even if your friends providing you with advice have been through a divorce before, it’s important to note that no two divorces are the same. Some divorces are much more complicated than others — especially when they involve high-value assets, spouses with unequal incomes and children.
This article will take a look at some of the more complicated aspects that could come into play in a Florida divorce.
When spouses own a lot of different assets
The more money and assets two people have, the more complicated the divorce process can be. Imagine you and your spouse have 401(k) accounts, individual retirement accounts, multiple checking and savings accounts, stock trading accounts, stocks, bonds, gifts, inheritances, art, multiple vacation homes, multiple vehicles, pets and several businesses.
In fact, it’s not uncommon for spouses to own such a wide array of assets together. Depending on when these assets were acquired, either before or after marriage, then some of them — or all of them — could be included in the marital estate and therefore divisible. It will be vital for the spouses to determine the current value of these assets in addition to calculating valuation increases and potential tax consequences attached to the assets in order to divide them fairly.
When spouses have children together
Most Florida spouses can come to a peaceful agreement about how they will share child custody following divorce. However, family law disagreements can arise during child custody negotiations. Furthermore, even if spouses are willing to work together, it can take time and a lot of consideration to determine a child custody plan that is appropriate for both spouses and serves the best interests of the children.
Consider your legal options carefully
Whether you’re navigating a complex high asset divorce or a difficult child custody matter, it’s important to educate yourself about your legal rights and options under Florida law. When you know your rights — and you’re familiar with how a family court judge will decide a particular issue — you’ll be better equipped to navigate out-of-court settlement negotiations with peace of mind and ease.