Michael E. Golub, P.A.

divorce Archives

Homes, mortgages and divorce

Florida couples who are getting divorced often find themselves trying to figure out what to do with their family homes. A house may well be a couple's single most valuable asset but it may also be connected to a mortgage that may be their single biggest debt. In addition, people attach a lot of emotions to their homes, especially if they have children that they raised in the home or who still live there. This can lead a lot of people to rush into trying to keep their house when they get divorced but this may not always be the best idea.

How do I handle divorce with a family business?

For many couples, the ability to own a business together is a dream come true and many make this work very well. Married couples certainly should know each other's strengths and weaknesses and how to communicate with each other and these things may well contribute to the succesful running of a business. However, when the marriage sours, deciding what then will happen to the business can be tough. If you are in this situation, you will understand this all too well.

The alimony tax break clock is ticking

Once the decision to get divorced has been made, some couples in Florida almost seem to rush into getting things taken care of while others may drag their feet before even being willing to consider filing an initial petition for dissolution. There is certainly no right or wrong to either approach per se but this year if one or both partners in a marriage believes that the heretofore standard system of how taxes and alimony are handled is right for them, waiting could end up being rather costly.

How should I address a failing marriage and high debt?

If you and your spouse are struggling with serious financial problems and also planning to get divorced, you are not alone. Many couples in Florida find themselves facing these issues as money can be a common issue in many marital challenges. If your debt or lack of sufficient finances to support your life is severe enough, you might even be contemplating filing for bankruptcy but that may logically lead you to wonder if you should do that before or after you get divorced. 

Splitting student loans in a divorce

If you and your spouse in Florida have come to the realization that you should no longer remain married, you will have to work through the often challenging process of splitting up your assets. However, you may also have to figure out how to split your debts. While many people automatically assume that any debt in one person's name only would remain that spouse's responsibility, that may not always be the case.

What happens to my mortgage when I get divorced?

If you live in Florida and are heading into a marital divorce, you may well feel the emotional tug to work hard to keep your family home. This may be especially true if you have small children who still live at home as you may understandably be wanting to retain as much consistency for them as possible. While this is certainly a viable goal, you might do well to step back from the emotional side of things and look at the legal and financial sides of things.

QDRO may protect against penalties

Divorcing spouses in Florida know that they may well have to part with some of their assets as they work through the process of coming an agreement in their divorce settlement. For many couples today, a 401K account is one of the assets that may be shared between spouses as part of a divorce decree. However, it is important that people who make this agreement understand the need to use a qualified domestic relations order.

2019 divorces may be very different than 2018

Florida residents who have watched the negotiations around and eventual passage of a new tax bill may still be trying to figure out how it will impact them. For some, the changes might be positive. For others, the changes could be dramatically negative. Spouses who get divorced and may have to pay their former partners spousal support could well find themselves in this latter category.

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Michael E. Golub, P.A. 819 West Main Street, Suite B Tavares, FL 32778 Phone: 352-508-1637 Tavares Law Office Map