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

Property Division Archives

Money moves to make during divorce

Gray divorce is on the rise, according to the National Center for Family & Marriage Research. According to this organization, the divorce rate in Florida and across the United States for individuals over 50 doubled between 1990 and 2010. Additionally, the United States Census Bureau reported that 11 percent of men and 15 percent of women between the ages of 65 and 75 had at least one divorce under their belt in 2010. Individuals who get a divorce later in life may have specific financial concerns to consider.

Animals a focus in some divorces

For Florida couples who are going through a divorce, child custody battles may create a good deal of tension and animosity. Property division may cause tension as well, and if the property to be divided includes animals, then that tension may run especially high. For many, animals are a part of the family, though the legal system recognizes them as personal property. In the event of a divorce, animals may make property division especially difficult, as individuals have sometimes used the threat of taking over custody of an animal as a way to leverage better deals in terms of acquisition of property.

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.

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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
Fax: 239-936-2542
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