Florida residents who are seeking a divorce may wish to know more about how retirement accounts are handled during the split. If the account is considered marital property, it could end up being evenly split between the couple.
Understanding the division of a 401(k) during a divorce
Child custody and the violent or abusive parent
Florida law protects children from abuse with a number of laws. It is possible for a parent or guardian to legally lose their custody and visitation rights because of violent or abusive behavior. However, the parental right to see and interact with their child is strongly respected by state and federal law. If it is possible for the parent to interact safely and appropriately with their offspring, then the court may choose to make provisions for custody, visitation or supervised visitation.
Legal issues with divorce and bankruptcy
A Florida couple may face financial challenges as they are considering a divorce, and in making a fresh start, there may be an interest in exploring bankruptcy to deal with unmanageable marital debt. A divorce does not necessarily terminate financial ties to your spouse, making it important to have reliable advice both during the settlement process and as bankruptcy is considered.
High-asset divorce and inheritance funds
Generally speaking, if spouses in Florida individually inherit assets while married, as long as they follow certain rules their inheritance will not be subject to division if their marriage is dissolved. However, if spouses commit actions that by state law render an inheritance no longer immune to asset division in a divorce, divorcing spouses could claim a share.
How is property divided in Florida?
When married couples get divorced in Florida, there are certain guidelines that are used to determine how property will be divided between the spouses. These guidelines are based on certain factors that are particular to each marriage. For this reason, the division of property for one couple may not be the same for another couple.
