Inheritances and gifts are generally considered separate property when obtained while married, but there are exceptions. Any assets or debt deemed marital property are subject to division in a divorce. Although not expressively required, Florida law encourages an...
Month: August 2014
Overlooking important financial matters during divorce
A Florida couple entering into proceedings for divorce may find that asset division is one of the most challenging issues to resolve. It isn't uncommon for one partner in a marriage to be somewhat unfamiliar with financial issues affecting the couple, and this can...
What are the advantages of divorce mediation?
Florida couples who are thinking about divorce may be interested in ways to save time and money while ending a marriage. Through the process of mediation, a lengthy court battle may be avoided. Many couples are now turning to divorce mediation to resolve their...
How alimony works in Florida
Alimony is defined as a periodic or lump sum payment made from one party in a divorce to the other party. This alimony may be be granted by the court for one of several reasons including rehabilitative, bridge-the-gap, durational, permanent, or any combination of...