Florida couples who are nearing retirement and are considering divorce have a different set of needs than those who are in their 30s and 40s. As retirement approaches, financial decisions must be made with a careful eye toward the outcome, and significant losses must be avoided. Older spouses simply have less time in the workforce to make up for sizable financial losses, and should make every effort to protect their ability to retire comfortably, especially when divorce and property division are factors.
Celebrity divorces often come with a tremendous amount of publicity that the average Florida couple doesn't have to contend with. However, most of the issues that stars face during the divorce process are extremely similar to that which the more typical couple faces. For instance, settling matters like child custody and property division can be fraught with emotion and tension no matter how rich and famous that a couple is -- or isn't.
While it is often true that dividing up marital assets and debts can be challenging both emotionally and financially, there are steps that Florida couples going through divorce can take to help alleviate some of that strain. Planning ahead can help ease the property division process and set up both partners for financial success after a marital split. The end of a marriage can mark the start of a better, happier future for many individuals who are willing to research their options as they move forward.
In many cases of divorce in Florida and across the nation, husbands earn more than their wives, which often leads to the wife being the one to request spousal support during property division. In some property division situations, however, the wives are actually the higher earners. This is becoming increasingly common as women earn more in American workplaces and stay in the workforce for longer periods of time. Women who do earn more than their husbands may need to consider several potential steps to protect themselves if a divorce seems like a possibility.
We have previously discussed the fact that divorce among Americans aged 50 and older has been increasing at a rapid pace over the past couple of decades. Property division can become a tricky prospect when Florida couples divorce at or near retirement age. Statistics show that gray divorce, as it is sometimes called, can cause economic distress especially to women who have not worked for quite some time while raising their children. However, it can negatively impact a former husband's retirement security as well.
One or more unfaithful spouses can often be the impetus for a Florida divorce. Often, the spouse who was wronged might feel that the other partner's infidelity should grant them more when it comes time to negotiate property division of the marital assets. While it is true that, in certain situations, the cheating spouse might get hit a little harder in their pockets, it is also important to remember that Florida is a no-fault divorce state.
A divorce may seem difficult for couples to go through, but divvying up assets sometimes makes the situation seem even more stressful. This can be especially true in situations where one Florida spouse suspects that the other may be attempting to conceal marital assets during the property division process. It is important for all divorcing couples to remember that the law clearly requires that all asset division negotiations be conducted in a completely forthright manner.
As emotional as the divorce process can become, divvying up marital assets is among the more stressful issues who have determined splitting up is the best option for them. Florida property division may be complicated for couples to contemplate on their own, but it is certainly a vital step in the divorce. One item that often becomes especially contested at the ending of a marriage is the family home.
During Florida divorce proceedings, equitable division of marital property can be a very difficult challenge to resolve, especially in conjunction with all the other issues that divorce can bring. But this is especially true when couples must decide the equitable division of debt incurred during their marriage. In such cases, it is especially vital to put animosity aside and to work with each other to ensure that the burden of debt is distributed fairly.
Seeing the lavish mansions celebrity couples live in gives the impression that they live entirely charmed lives. However, with the recent streak of major celebrity divorces, several famous couples will now be going through the often stressful process of property division. Determining which spouse will be responsible for their home is an incredibly important decision for Fort Lauderdale families, especially if the home is highly valued.