Getting a divorce means that there will be property division. The assets and debts of the marriage will need to be split up. Sometimes, the two people involved will get together and make the split easy by deciding ahead of time what each one will get. This makes it easy for the judge.
A qualified domestic relations order, or QDRO, is a domestic order from the court that allows for the existence of an alternate payee, or person receiving a payment, who has the right to receive payments from a retirement plan after certain information is shared and requirements are met.
Despite it being one of the most recommended means of settling a divorce case, mediation is still an unknown for many divorcing couples in Florida. The belief that every divorce involves prolonged and ugly court battles does not have to be the situation for everyone. In fact, there are a variety of benefits to using mediation that will help many couples resolve their divorce as quickly and cheaply as possible.
Divorce is often a complicated and expensive process for many couples. By fighting about child custody, alimony and property division issues, some end up spending exorbitant amounts of money on legal fees. Fortunately, by avoiding a few common mistakes, couples in Florida can go their separate ways without breaking the bank.
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.
As many couples in Florida may know, there is a litany of issues to resolve when partners opt to dissolve their marriage. Some of these issues are vital, such as child custody, spousal support and property division, and the successful resolution of a divorce may hinge upon them. If any one of these issues is contested, the state recommends that couples engage in mediation.
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.
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.
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.
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.