Category Archives: Divorce
A Closer Look at Assumable Mortgages in Divorce
Given that a couple’s marital home is often their most valuable asset, one of the most important issues we counsel our Florida clients going through divorce on is whether or not they want to, and can afford to, hold onto that home. If an individual decides that they plan to hold onto the family… Read More »
The Most Important Interview Questions & Topics for Your Divorce Lawyer
When it comes to selecting the right divorce attorney, you don’t just want to go with someone who is highly rated online, or comes recommended by a friend. You also want to do your own “homework,” so to speak, and essentially interview attorneys who practice in this area to make sure that this person… Read More »
The Most Important Assets You Should Never Forget In Divorce
Divorce is already so difficult for a number of people that having to think about assets can be just another difficult step in the process. However, that moment when you and your attorney make that list of assets is such an important step, and there are usually a number of assets that people forget… Read More »
The Rise Of The “Gray Divorce”: Why Is It Happening, And What Financial Considerations Are Important?
In the last 25 years, the number of “gray divorces”—i.e. those after the age of 50—have skyrocketed. One in four people divorcing is 50 years or older, and this group has more than doubled, and more than half of these couples have been married for more than 20 years. Why is this the case?… Read More »
The Importance of Changing Financial Advisers during the Divorce Process
When you are in the midst of divorce, it can often be very difficult to think about all of the other changes that need to be made in your life, such as making changes to the financial professionals that you consult with. However, in some circumstances, making a true, “clean break” means obtaining independence… Read More »
With Alimony Payment Tax Deduction Disappearing, Many Couples Are Rushing To Finalize Divorce
A number of Americans are rushing to get a divorce before the end of 2018, and with good reason: As of 2019, when the new tax law (the “Tax Cuts and Jobs Act” or “Act”) goes into effect, alimony payments will no longer be tax-deductible for the payer. Some experts are predicting that this… Read More »
The Seven Deadliest Financial Mistakes You Can Make During Divorce
As attorneys who focus on practicing in family law, we see a lot of couples make unwise financial decisions before, during, and after divorce; decisions that can have long-term repercussions on their lives. This is understandable, given that, for many, divorce is a time of emotional upheaval, and it can be difficult to think… Read More »
Unexpected Reasons to Get a Prenuptial Agreement
Prenuptial agreements (“prenups”) have long suffered from a number of myths, such as the assumption that you only need one if you have a large trust or piece of real estate to hold onto. In reality, prenups are on the rise amongst everyone, and you might very well be surprised at some of the… Read More »
Even Though the Alimony Deduction Is Disappearing, There Are Strategic Tax Advantages in Divorce
There are currently a number of couples who are worried that their divorces won’t be finalized before the end of the year, and therefore, they may not be able to take advantage of the alimony tax deduction, which disappears as of January 1, 2019 via the Tax Cuts and Jobs Act. However, even if… Read More »
How to Deal With Financial Issues That Come Up With Your Ex after Divorce
Unfortunately, it can be difficult to anticipate every single financial situation that will come up after a divorce when you share a child. Even if custody and child support is figured out, it doesn’t address who will pay for summer camp, college, a new phone or car for your child if needed, etc. Many… Read More »
