Divorce Law News

Key Considerations Divorce can be an emotionally charged and complex process for anyone, but for business owners in Florida, it can become even more challenging. Not only are personal assets and liabilities on the line, but the business you've worked so hard to build may also be at risk. Whether you're a sole proprietor, part of a partnership, or running a corporation, understanding how Florida's divorce laws might affect your business is not just informative; it’s empowering. Here’s what you need to know. Florida’s Equitable Distribution Law Florida is an equitable distribution state, meaning that marital assets and liabilities are divided fairly, though...

Divorce is never an easy decision, and when it comes to divorcing later in life, commonly referred to as "gray divorce," the stakes can be even higher. Gray divorce refers to couples ending their marriage after age 50, often after decades of shared experiences, raising children, and building a life together. While every divorce comes with unique challenges, gray divorce presents legal considerations that couples should be aware of as they navigate this complex process. Financial Planning and Property Division One of the most significant concerns in gray divorce is the division of assets and property. Over the years, couples accumulate substantial...

Divorce is an emotionally and financially challenging process, and when business ownership enters the equation, the complexity increases significantly. Business owners face unique considerations during divorce proceedings, as their personal and professional lives intertwine. In this blog post, we will explore the impact of divorce on business owners and discuss effective strategies for protecting both your business and financial interests. 1. Understanding the Challenges As a business owner going through a divorce, it's crucial to know the challenges that may arise. These challenges can include: a) Valuation of the business: Determining the accurate value of a business can be complex, especially if it...

When is it time to get a divorce? The answer will vary from couple to couple as no two marriages are the same. However, there are some universal signs that can suggest that the marriage is over and it is time to file for divorce, which, in many states, including Florida, is called dissolution of marriage. In recent years the term dissolution of marriage has been used to better reflect what happens when two married people no longer sustain a meaningful relationship and want to dissolve that relationship union. Here are some telltale signs to signal an end to marriage: ...

Grey divorce, what is it? The term grey divorce emerged several years ago when research began to show that while the divorce rate in the United States was finally beginning to move below 50 percent, what was slowing this drop was the significant increase in divorces among those with grey hair, that is generally the over 65 years of age group. At present, statistics show couples divorcing after the age of 50 are responsible for one-quarter of divorces overall, and many of these couples are over the age of 65. What does research show are the main reasons for this...

Bankruptcy and divorce are both difficult decisions to consider, and considering them at the same time raises some concerns and questions. Financial concerns are often the focal point of divorce. Research has shown that how to divide marital property, both personal and real estate, has caused more stress and frayed nerves than other aspects of a divorce, with the exception of the ongoing care and nurturing of minor children. As many states, including Florida, use equitable distribution rather than equal distribution, the job of determining what is non-marital and what is marital becomes vital to the process of division of...