Most people who live in Florida understand that marriage is both an emotional and a financial arrangement. That, in turn, makes divorce both an emotional and financial experience. The losses associated with the end of a marriage impact people on both of these levels. When a divorce takes place after the age of 50, the impact on a person's financial life and future can be particularly devastating according to some research.
If you and your spouse in Florida have decided to get separated and are now looking at filing for divorce, there will be many aspects of your final settlement that may have serious financial implications for you. You will want to evaluate each one carefully before coming to any final decisions. Income taxes are one of the things that require a good understanding before you sign your divorce decree.