A new study published by the American Academy of Matrimonial Lawyers (AAML) captures how divorce rates tend to increase the stronger the economy is. Couples are most apt to have more diversified assets when things are going well. Since couples are more apt to split up when they have more investments, they rely heavily on their divorce attorneys to negotiate settlements when dividing property among themselves.
Divorce rates are highest during prosperous economic times
Where to look for hidden assets in a Florida divorce
Your spouse cheated on you, and it's time for you to get out of the marriage. Might the cheating extend to your finances, too?
What happens with our Florida family business when we divorce?
Starting a business with your spouse may seem like a good idea, especially if you're looking to spend more time together or to control your income. It can become far less ideal, though, if things go sour in the relationship between the two of you. If you ultimately decide to divorce, then there are several options for how you can split up the family business.
What paperwork should you gather when a divorce is near?
An end to a marriage rarely comes as a surprise. Instead, most spouses generally see signs that their relationship is turning sour months (if not years) before they get served with divorce papers. It's when your marriage first shows signs of breaking down that it's time for you to start making financial plans.
What's the significance of the date of separation in a divorce?
Do you know when you ultimately decided to throw in the towel on your marriage? Did you take any definitive actions once you decided that you'd had enough? These are some questions that your attorney may ask of you in order to better hone in on a date of separation (DOS) in your divorce case.
Many individuals fear being able to make ends meet post-divorce
Back in the late 1960s, researchers at the University of Washington (UW) reviewed the psychiatric and medical records of several thousand patients in hopes of being able to narrow in the types of life events that caused them the most stress. Similar studies have been conducted with similar results. An increased focus on financial concerns has emerged, though.
Dividing up debts during a divorce requires negotiation
Couples who decide to divorce often concern themselves with how they're going to split up things like their homes, cars, jewelry and other valuable items. We seldom hear about which spouse is going to assume responsibility for the debts that they've amassed though. Perhaps it's rarely discussed because couples don't realize that just like their assets, any debts will have to be split up. They have to though.
Should you sell the family home in a divorce?
One of the big questions divorcing couples face is whether to sell the family home. There is no right or wrong answer, as it depends on many circumstances. However, the conventional wisdom is often to sell and split the proceeds.
Splitting up home and household items in a divorce isn't easy
You've probably heard a line to a famous song sung many times before — "breaking up is hard to do." When writing those lyrics, the songwriter was most likely referring to the emotional baggage that comes with leaving a boyfriend or girlfriend behind. It's unlikely that they referring to the financial burdens that come with splitting assets when couples divorce.
Why shouldn't you move out of the marital home during a divorce?
Moving out of a marital home should be avoided at all costs while your divorce is still pending. There are many reasons this is the case.
