If you are like many of those entering into divorce proceedings in Tavares, one element that you were not prepared to deal with was dividing up your ex-spouse’s 401k. In actuality, their entire 401k is not subject to property division, but rather only those contributions made during your marriage (as they were likely made from marital income). Depending on the length of time that you were married, your portion of those contributions could be significant. Such an infusion of funds would not be a great benefit as you transition into your post-divorce life. Yet are you allowed to withdraw them right away?
When you divorce your spouse in Florida, it can have a negative effect on your financial situation. For the purposes of promoting financial independence, the court may award you alimony, also known as spousal support.
Divorce in Florida is a complicated process that can often cause emotional pain and stress. At the law office of Michael E. Golub, we understand that there may be times during the process when you feel that you may not get through it. At these times, it may be comforting to remember that many people before you have gone through a divorce successfully, often coming out even better on the other side.
When parents in Florida end their marriage, it often falls to at least one of the parents to pay child support. Sometimes both you and your ex-spouse have a child support obligation. At the law office of Michael E. Golub, we know that you want to determine as soon as possible if you will have to pay child support and, if so, how much. Your child support obligation depends a great deal on your individual circumstances. There are several different factors that go into the determination.
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.
If you are like a lot of people in Florida, when you hear references to the property division portion of a divorce settlement, you think about how assets are split up between the spouses. While this is certainly a big component of the property division negotiation, it is important to remember that debts must also be addressed and divided when a couple gets divorced. The agreements that you make with your partner about how to assign debt responsibility may well impact your choices regarding asset division.
As an older Floridian resident, you may be referred to as a "silver splitter" if you choose to divorce. Grey divorce is actually becoming more common among older couples these days. However, there are certain hurdles you will likely face that your younger counterparts may not have to. Today, we will take a look at some of them.
Your property settlement agreement represents one of the most important parts of your Florida divorce. Most couples arrive at a fair and equitable property division on their own, but a court can decide this issue if you and your spouse fail to agree.
Floridian couples who are in the midst of a divorce will be dealing with a lot of heated financial matters. What makes these matters worse is if both parties aren't being completely honest with each other. Michael E. Golub, P.A., is here to describe some potential signs that your partner may be attempting to hide assets from you during the divorce proceedings.