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Will divorce jeopardize savings for your kid's college education?

Couples in Florida who decide to pursue a divorce will likely have many different concerns on their minds. And, the primary concerns might be different for each individual. However, for those couples who have children and who are going through the divorce process, the kids are usually the ultimate issue. But, beyond child custody and child support, which are obviously huge issues for parents to address, there are other concerns when it comes to the children as well. For instance, will the divorce have a significant impact on the college savings you have set aside for your children?

Getting through a divorce in Florida

Not all marriages are meant to last. In fact, the common refrain is that about half of all marriages will end in a divorce. While that estimation may be more or less accurate, the fact is that thousands of Florida residents will likely go through a divorce at some point in life.

What should Florida residents know about divorce after 50?

Couples getting divorced isn't a new phenomenon, but nowadays it is becoming more common to see couples who have been married for decades decide to the take the plunge and end their marriages. It is becoming so common that it even has a label: "grey" divorce. Unfortunately, older couples may encounter different challenges in a divorce than a younger couple. So, what should Florida residents know about getting a divorce after the age of 50?

The factors considered in an alimony determination

Although divorce can certainly bring on emotional pain, the potential for financial damage cannot be ignored. Property division, child support, and alimony can all reshape the way an individual lives post-divorce. In order to get a fair shake in negotiating and litigating these matters, Florida residents need to make sure they understand the law and what evidence they need to put forth to support their position in accordance with the law.

Where To Look For Hidden Assets

If you and your spouse had significant assets during your marriage, one spouse may be tempted to try to that people hide some of those assets, thus making them unavailable to be split up in a divorce. While there are several ways a person can try to hide assets, including the straightforward method of moving joint funds into an individual account, there are some methods for hiding assets that may only be available to people with considerable resources.

Florida family law firm fighting for post-divorce finances

The process of getting divorced can take a toll on you in many ways. Of course, bringing about the end of a relationship, sometimes one that has been decades in the making, can be emotionally damaging. To make matters worse, divorce often brings up difficult financial problems, the outcomes of which can set the stage for your post-divorce life. When it comes to property division, alimony and child support, Floridians need to ensure that they are doing everything they can to protect their financial interests from the get-go. Although spousal support and child support may be modified post-divorce, it can be challenging, and property division is permanent.

Same-sex couples face challenging divorce issues

It has been a few years now since the Supreme Court issued its landmark ruling that gave equal marriage rights to all Americans, regardless of sexual preference. Although that ruling extended marital rights and provided clarification for citizens and states alike, it didn't address the issue of divorce. Now, many same-sex couples are finding themselves facing challenging family law issues when they decide to dissolve their marriages.

Divorce, property division and inheritances

The divorce process can be emotional for a variety of reasons. To start with, marriage dissolution involves the ending of what is oftentimes a long-lasting and deep relationship. When infidelity or a breakdown in communication is to blame, the split can be even more difficult to handle. In addition, divorce may mean that a couple has to figure out how to co-parent their children. Although working with an ex-spouse can be trying in its own way, marriage dissolution can also significantly limit the amount of time one can spend with his or her children. As if these emotionally trying issues aren't enough, divorce can also deal an individual a significant financial blow.

Can you challenge a prenup?

Prenuptial agreements can allow couples to address a lot of critical issues in their marriage. But it can't cover everything. Additionally, it isn't immune to legal challenges. This was an early myth about prenups -- that they were ironclad and could never be overturned or changed once signed. However, that is far from the truth.

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