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Divorce: Who Gets The House?

If you are like most other individuals in Florida, your home is your most valuable marital asset. So if you are contemplating a divorce, one of your first questions will likely be, who gets the house, if anyone?

You may be concerned that your name is not listed on the deed of your marital home. However, in Florida, if you purchased the home during your marriage using marital funds, your home is presumed to be marital property, regardless of in whose name it is titled. This means that each spouse is entitled to half of the equity in the home (and responsible for half the loss if it has lost valued).

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What is a Collaborative Facilitator?

If you are looking at your divorce options (from traditional divorce to collaborative divorce to mediation), you may have come across the term “Collaborative Facilitator.”  What is a Collaborative Facilitator?

A Collaborative Facilitator is a neutral professional in a collaborative divorce.  He or she is oftentimes utilized as a team leader and communication specialist within the collaborative family law process.  He or she generally has a background in family dynamics, childhood development, and/or  conflict management.  A Collaborative Facilitator will have credentials and a license.  These will be in the area of marriage and family therapy, mental health counseling, social work, psychology,  or psychiatry.  However, the Collaborative Facilitator is not engaging in therapy as part of the collaborative process.

Author, psychologist, and collaborative trainer Jeremy S. Gaies, in A Clear and Easy Guide to Collaborative Divorce, discusses the role of the Collaborative Facilitator (which he describes as “coach,” using the nomenclature of the International Academy of Collaborative Professionals) in the following excerpt:

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Video: Pauline Tesler on Collaborative Divorce and Hidden Assets

 

You may be considering using the collaborative process to divorce in a more private, amicable way, but you may wonder: “What if my spouse is hiding assets?  Can we use the collaborative process? Will it work if there are hidden assets?”

Pauline Tesler & Hidden AssetsIn the video below, California attorney Pauline Tesler, a founder of interdisciplinary collaborative practice and the first president of the International Academy of Collaborative Professionals, addresses hidden assets:

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Divorce Need Not Destroy Your Small Business

Running a small business is tough enough.  Running a small business while your marriage is falling apart can be crushing.  But you don’t need to go through a traditional court battle if divorce is on the horizon.  Your business does not need to be a casualty.  There is an alternative.  There is collaborative divorce.

Small Business & Privacy

Collaborative divorce is a form of out-of-court dispute resolution that values privacy.  This means that your client lists, inventory details, and other trade secrets remain safely away from public court records.  In fact, here in Florida, the Collaborative Law Process Act and accompanying rules safeguard most communications had within a collaborative divorce.  Courts now have authority to sanction a party who reveals a collaborative law communication.

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Need Help With A Simplified Dissolution of Marriage?

Are you and your spouse in agreement on how to divide your assets and debts?  Do you not have any minor or dependent children in common?  Are you both willing to attend a final hearing for dissolution of marriage together?  Then you and your spouse may qualify for a Simplified Dissolution of Marriage.

Simplified Dissolution of MarriageAdvantages of a Simplified Dissolution of Marriage

Florida has created a special type of divorce procedure with the hope of simplifying the process.  In most actions for dissolution of marriage, court rules require you to exchange what is known as “mandatory disclosure.”  These are financial and other documents with sensitive and private information.  So, in most divorces, you would exchange several years’ worth of tax returns, along with checking and savings account statements, credit card statements, and summary plan descriptions for retirement accounts.

In Simplified Dissolution of Marriage proceedings, you are not expected to exchange these documents unless specifically requested to by one of the spouses.

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You Already Have A Prenup

Congratulations, you are getting married!  You found the person with whom you want to spend the rest of your life, and now you have a big, bright future ahead!  But now the P-word has come up: Prenup.

You and your fiance may be wondering whether to get a prenuptial agreement, also referred to as a premarital agreement.  It may be that one of you has significantly more assets than the other.  Perhaps there is a family business in play.  Maybe you have children from a prior relationship that you want to protect or you have other estate-planning needs.  Or maybe you just want to plan for all possible contingencies.

Prenup

So if you are considering a premarital agreement, there is something you should keep in mind:  You already have a prenup.

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Bitcoin and Divorce

Bitcoin and Divorce

Bitcoin is a relatively new type of currency that is not controlled by any government but rather is decentralized.  It is oftentimes referred to as a “cryptocurrency” as it is not physical.  Bitcoins are maintained in virtual “wallets” and can be transferred via QR codes.

The video below from the Wall Street Journal further explains Bitcoin:

As Bitcoin is becoming more popular, it should not be surprising that is showing up in divorce cases.  So what happens to Bitcoins in divorce?

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Divorce: What Happens to My Small Business?

You have worked hard to build your small business in Tampa Bay or Greater Sarasota.  Your dreams and future are intertwined with your company.  But, now, you are facing divorce, and you are worried about how this will affect your small business.  You know there are quite a few issues that you will have to deal with.  Child custody, division of property and debts, and child and spousal support all need to be addressed.

Small Business and Collaborative Divorce

Small Business & Collaborative Divorce

But what happens to your small business?

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Bird Custody: What Happens To Our Pet In Divorce?

When a couple has children, and they are getting divorced, they set up a child custody schedule to determine where their children will sleep at night.  But what happens when spouses have a bird?  Will a Tampa Bay divorce judge set up a “bird custody” schedule?

Bird Custody

Bird Custody

No, a judge will not create a bird custody schedule, but a couple can agree to such a schedule through a private form of dispute resolution such as collaborative divorce.

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Financial Advisers Learn About Collaborative Divorce

Financial advisers are tasked with protecting their clients’ wealth.  And financial advisers want to help clients going through divorce make smart decisions and preserve their assets.  On December 8, 2016, the professionals and staff of the Sabal Trust Company in St. Petersburg, Florida, learned how collaborative divorce can safeguard their clients’ wealth, time, and privacy.

Discussing Collaborative Divorce

Sarah Hoerber, Tanya O’Connor, and Adam B. Cordover at Sabal Trust Company

Sabal Trust is the largest employee-owned trust company in Florida, and its Principals and staff are invested in creating a strategic approach to its clients financial security and growth. That is why they invited Family Diplomacy managing attorney Adam B. Cordover along with forensic accountant Sarah Hoerber and Brandon attorney Tanya O’Connor to discuss collaborative divorce.

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