You and your spouse have decided to get a divorce, but now you are concerned about how that decision will affect the home you own together in Florida. With both of your names on title documents, you are both legally responsible for continuing to make payments on the property. At Fried and Fried, P.A., we have helped many people to reach an amicable solution in the separation of assets during their divorce.
One of the biggest issues many people have after a divorce in Florida is getting back to a secure financial state. Divorce can bring about many financial issues due to splitting assets and having to pay costs associated with the process. It can be very difficult for many families. Even if you were financially well off before the divorce, you could still face issues.
There are many different ways to co-parent. The Florida family court will usually work with you to find what works best for you and your situation and allow you to do it how you want as long as it will not harm your children. One option you may not have considered before is called bird's nest co-parenting, which according to Psychology Today, is where you keep the family home and the children live there full time while you and the other parent take turns living there.
While your decision to divorce your spouse may provide some immediate relief from constant contention and marital conflict, it may also bring with it a whole new collection of problems. One in particular deals with your ability to maintain your share in the real estate you own with your spouse. At Fried and Fried, P.A., we are experienced in helping people in Florida to work their way through high asset divorce proceedings.
Deciding to end a marriage in Lee County, especially when there are kids is never easy. You might not want to divide the family, but it might be the best solution. You do not want your kids living in a toxic environment with two parents who are at odds with each other. According to Psychology Today, unhealthy marriages are more toxic to children than divorce.
When a couple makes the decision to divorce in Florida, they often look to the future with hope and anticipation of a happier existence. While separating from a significant other may provide considerable satisfaction and provide a healthy means to end an unhealthy relationship, it can also significantly affect the future of both people. Retirement for example, is one area that is often considerably altered when a divorce takes place, and people must carefully plan their future to adjust for any changes and maintain a reliable retirement plan.
Many people know how divorce can be financially disastrous, create emotional issues, and affect families. That said, people may be able to limit the extent of the difficulties they experience by planning ahead carefully. Moreover, it is important to remember that many other issues can arise with the end of a marriage, such as the need to relocate. Sometimes, a previous relocation could lead to a divorce, while others may move for better opportunities or as a way to find a new beginning after their marriage has come to an end.
On this blog, we have gone over many facets of high asset divorce, from public attention that people in this position may garner to the way in which marital property is handled. However, there are far more topics that can be especially concerning for some people who are working through divorce as a high net worth individual, such as identity theft. If you suspect that your former spouse has stolen your identity, you may be confused and upset. However, it is vital to go over your legal options and defend your rights. Unfortunately, preventing identity theft carried out by someone you are breaking up with or used to be married to can be challenging.
In the digital age, there are a number of new problems that some married couples have to deal with as they work through the process of divorce or even after their divorce has been finalized. With social media, various difficulties may arise, whether a spouse shares potentially damaging information on a social networking site or even carries out an affair as a result of an online profile. Moreover, our firm knows that you should also be careful about sharing certain types of information online, especially if you are dealing with family law matters.
When people work through the divorce process, there are a wide variety of mistakes that might be made along the way. However, those which are financial in nature can have a significant impact on those who have recently ended their marriage or are planning a high asset divorce. Our law firm understands the different pressures that couples working through a divorce may be facing, but if you are in this position it is important to pinpoint some of the different financial errors that should be avoided.