February 2019 Archives

Prenups appeal to millennials

Decades ago, most young people who got married who were not independently wealthy from family assets and resources eschewed the idea of signing prenuptial agreements before their weddings. But in recent years, millennials have made an about-face and are signing prenups far more frequently than those of their parents' generation.

Keeping a business safe during a divorce

A business owner in Florida who goes through a divorce might have to give an ex-spouse partial control of the enterprise. A divorce could even lead to the loss of the company. However, there are steps a person can take to reduce the likelihood that his or her business will be affected in a divorce.

Can child support obligations be terminated?

When parents in Florida face a financial crisis or problems with their former partner, they may wonder if they can terminate their child support obligations. In some cases, people may want to take action when an ex-spouse prevents visitation or interferes with the parent-child relationship. By withholding child support, they may hope to pressure their former partner to allow them time with the children. In other cases, people may simply be unable to fulfill their obligations due to disability, unemployment or other external factors.

Child support payments after disability

When a Florida parent experiences a disability, it can have a serious effect on their family, including a financial impact on child support payments. Support payments are generally calculated on the basis of a statewide formula that is based on a parent's income. Depending on the parent's job, disability can lead to a serious loss of income and a change in lifestyle. Many disabled parents are suddenly no longer able to meet their child support obligations.

Divorce mistakes to avoid

One of the mistakes divorcing couples in Florida should avoid is ignoring the tax implications of the decisions they make during the settlement process. Certain assets may have a current value, but that value can change when those assets undergo tax treatment in the future.

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