family law Archives

Divorcing parents can help their children heal

Florida parents who are headed for divorce may wonder how they can help their children through the separation process. For a child, divorce can involve moving homes as well as spending time in two households and having separate access to each parent. Unfortunately, some kids may worry that they are to blame for the split. That's why divorcing parents should pay close attention to the emotional health of their children.

Detailed attention needed to retirement plan distribution

When Florida couples head toward divorce, the issue of how to handle retirement accounts can often be contentious and difficult. In fact, in a 2016 survey of divorce attorneys, 62 percent reported that retirement funds are the most troublesome issue faced by their clients as part of the end of their marriage. As these accounts often represent the largest single asset of the couple and are critical to both parties' financial futures, this can come as no surprise.

Taxes can be impacted by divorce

People in Florida who are considering divorce may be especially concerned about the financial burdens divorce can bring alongside the emotional and practical consequences. From the division of assets to potential spousal support, divorce can be a major change to the financial status of both parties in the end of a marriage. Aside from the major factors like separating retirement funds and making one household into two, the other financial concerns that can come with divorce include taxation.

Steps to take when ending a marriage

Statistically speaking, the first full week of January is the time in which a person is most likely to file for divorce. Divorce rates tend to be higher in the period from January through March. August is also a prime month for divorce, according to research analyzing divorce records over a 15-year period in Washington State. Florida residents that are planning on getting divorced may want to start by learning about state divorce laws. 

How Bitcoin can complicate a divorce

Florida residents who have invested in Bitcoin may own a valuable commodity. Therefore, it stands to reason that a spouse may want a portion of its value when it comes time to end a marriage. However, it may not be clear-cut as to how Bitcoin or other cryptocurrency should be divided. For instance, a spouse may claim that he or she is entitled to the value of the currency today.

What to do about the holidays after divorce with children

The holidays may be a difficult time for parents and children in Florida after a divorce. However, it is important for parents to remember that the focus should be on the children and the family, not on the former spouses. Moving back and forth between their parents' households can be tough for children. They may struggle to understand the changes in their lives even though they know their parents still love them.

How debt can live on after divorce

Throughout Florida and the rest of the country, a lot of couples have considerable debt. This may include credit cards, car loans, mortgages and student loans. If a couple decides to divorce, this debt will need to be divided along with any marital assets. Therefore, it's important to divide everything properly to avoid being held responsible for an ex-spouse's debt.

How to decide whether to stay together for the children

Florida parents who are considering divorce might wonder if it would better to postpone separation for their children's sake. There are advantages and disadvantages to this. While divorce can have a very real effect on children, including how likely it is that they will divorce later in life, divorce may be less stressful for them.

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