Thompson Family Law, P.A.
Toll Free: 888-550-6071
Local: 239-243-9297

Property Division Archives

Dealing with the complexities of divorce

When a Florida couple seeks a divorce, they may become involved in property division proceedings that might become complicated, depending on certain factors. However, a recent article discusses some basics of the process that might be beneficial to some readers.

Shielding non-marital assets during a divorce

For Florida residents seeking to protect their assets before getting married, a Domestic Asset Protection Trust may be the answer. Although this type of trust is only available in just over a dozen states, it can provide big advantages over other asset protection methods.

Things to know when divorcing after 50

Florida couples that plan to divorce later in life might wonder how to do it without jeopardizing their retirement. This issue has become more prevalent as the divorce rate rises among baby boomers. The rate among couples over the age of 50 used to be approximately 10 percent. Over the past 20 years, however, that number has increased to nearly 25 percent. It is now more important than ever that baby boomers learn how to protect their finances.

What happens to pets when a married couple splits up

Couples filing for divorce in Florida may need a judge to help them determine how their marital property will be equitably divided. Although some individuals may want a judge to see pets as children, dogs and cats are treated in divorce courts like any other piece of property subject to equitable division. When one spouse loves a pet like a child, the other spouse may try to take advantage of that party's emotional bond by extorting other property concessions in exchange for relinquishing a claim of pet ownership.

High-profile couple divorce and dispute assets

Florida couples who have amassed a substantial amount of wealth may find that they are in dispute regarding the ownership and distribution of their wealth and assets. In one such case, two Washington, D.C. lobbyists are fighting over the ownership of various assets and the distribution of these assets in their divorce.

Divorce can impact taxes

As Florida couples consider divorce, they might think about the welfare of their children or the disposition of their property. Another critical issue they may want to consider is their tax returns going forward. That is because divorce may have several implications on the way both spouses file their taxes.

Navigating financially-complex divorces

For Florida couples going through divorce, the process can be overwhelming, both financially and emotionally. Simple property division typically involves tangible objects and decisions regarding who gets what. While simple property division may seem straightforward, it can be decidedly more challenging to divide abstract financial assets. Two of the most difficult things to divide are stock options and restricted stock.

Pets in property division

Florida pet lovers may be interested in changing attitudes regarding pet ownership during divorce proceedings. For some people, pets are considered "property" such as real estate or other assets that can be divided between spouses during a split. For many people, however, pets are companions and, in some cases, surrogate children. According to the results of a survey administered to family law attorneys by the American Academy of Matrimonial Lawyers, there has been a noticeable increase in the number of cases in which the custody of family pets is disputed as well as an increase in court acknowledgement of pets as assets over the past five years.

Could a wedlease prevent a complicated divorce?

Florida residents may have seen a recent editorial in the Washington Post about a strange idea that may have merit for people who have already been through a difficult high-asset divorce or who, perhaps, just want to test the waters of marriage. The editorial suggests a new legal arrangement called a wedlease, which would be rather akin to signing a rental agreement.

How can adultery affect divorce outcomes in Florida?

News of celebrity marriages and divorces often fill headlines in Florida. Many Florida residents may have heard this month that Simon Cowell of “American Idol” fame has been deemed a “home-wrecker” in a divorce petition. A man is filing for divorce after his wife reportedly had an affair with Cowell and became pregnant. Cowell is named in the divorce filing.

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Thompson Family Law, P.A.
3949 Evans Avenue, Suite 206
Fort Myers, FL 33901

Toll Free: 888-550-6071
Phone: 239-243-9297
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