A battle between different groups over Florida divorce law has stalled after the veto of a bill to end permanent alimony. Certain local fathers and their representatives are agitating for the governor and legislature to re-examine the way the state structures its divorce court.
For Florida residents going through a divorce, the financial details can be confusing. There are, however, some basic guidelines for determining how couples split up financial assets, retirement accounts and real estate holdings. Many states, including Florida, follow a rule of equitable distribution. Absent an agreement, the court will divide marital property in a manner that it deems fair. If a spouse had property before they got married or inherited property, these assets will normally be excluded from the division.
Florida residents considering a change to their marital status may wish to learn more about how their tax obligations can be impacted in the future. Married couples generally file joint tax returns. Filing a joint return means that both spouses are responsible for any resulting tax liability, and all income and deductions are combined. While this may not sound desirable at first glance, filing separate returns may preclude eligibility for various credits and deductions such as the Earned Income Credit.
Although all divorces generally involve difficulties in resolving issues like alimony or child support, a high asset divorce presents unique challenges. The process of property division is likely to be quite difficult if a couple has a high net worth. Some of the common challenges parties and their attorneys face may include a failure to disclose assets, assets with a high value that cannot be sold or assets that could be difficult to divide equally.
Florida residents who are at the end of a marriage may be interested in these tips provided by divorce experts that deal with the common pitfalls of the Internet during a divorce. In the new era of social media, it is easy to make a small mistake that leads to major consequences.
Florida’s alimony laws have been a major source of controversy over the past few years. There has been a big push by reform advocates to do away with permanent alimony and to change the way awards and award durations are calculated.
If you and your spouse have been married for a short period of time, the property division aspects of your divorce are likely to be less complex than property division settlements sought by couples in long-term marriages.
Prenuptial agreements have been around for a long time; and for most of that time, they have had a bad reputation. Many people used to think of a prenuptial agreement as something a millionaire might request when marrying a young "trophy wife." These documents have been used like this in the past, but they are now coming into more widespread use and acceptance.
One of the most controversial family law issues here in Florida is alimony, which is sometimes called spousal support. For the last several years, a public debate has been raging between those in favor of overhauling Florida’s alimony laws (especially the fight to end permanent alimony) and those who want to keep current laws in place.
In the Florida legislature, there's a bill in the works that could really re-write alimony statutes, which could be a blessing or a curse, depending on your point of view. The Senate bill is 718. The House bill is 231. At first glance, these propositions seem to address changes in our society and the need to re-evaluate what appears to be essentially one human being subsidizing the expenses of another, just because at one time the two were lawfully married.