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At a Glance In every Florida divorce involving minor children, the law asks parents to keep their children’s wellbeing front and center, and when a child has special needs, getting on the same page about that child’s future becomes even more important. Florida Statute section 61.21 requires divorcing parents with minor children to complete a […]
At a Glance In Florida, retirement accounts like 401(k)s and IRAs get asset protection from creditors under state law, while general brokerage and other accounts do not, which matters when high-liability professionals are deciding what to keep during equitable distribution in a divorce. Florida Statute 222.21(2)(a) exempts qualified retirement funds from creditor claims Brokerage and […]
At a Glance Florida calculates child support using a guideline formula inFlorida Statutes § 61.30 that looks mainly at both parents’ income, the number of overnights each parent has with the children, and specific expenses like health insurance and daycare. The formula combines both parents’ income, overnights, and certain expenses to set a presumptive support […]
At a Glance A high asset divorce in Florida can often stay far more private through Collaborative Divorce, since sensitive financial information can be handled outside the public court file instead of becoming part of it. Traditional divorce litigation often places financial affidavits, business records as part of evidence, and other sensitive documents into the […]
At a Glance Are you wondering, “How do I adopt my grandchild?” This blog post discusses how you can adopt your grandchild in Florida through an uncontested Chapter 63 close relative adoption when the child’s parents consent, or when there is no active objection to the adoption moving forward. Florida treats grandparent adoptions as “close […]
Key Takeaways Florida alimony is based primarily on two questions: whether one spouse has a need for support and whether the other spouse has the ability to pay. Florida law also considers factors such as the length of the marriage, the marital standard of living, each spouse’s contributions, and future earning ability. Florida now has […]
Key Takeaways Yes. Generally speaking, divorce records and financial information filed in a traditional Florida Divorce, including financial affidavits, become part of the public court file. Business owners, physicians, executives, lawyers, and other professionals should carefully consider whether public financial disclosures could expose sensitive business information to competitors, clients, employees, vendors, or investors. Done correctly, […]
Key Takeaways Taxes can affect how retirement accounts are valued when dividing them in a Florida divorce. Certain retirement accounts, such as traditional 401(k)s, 403(b)s, 457s, and IRAs, may need a tax discount because you likely will have to pay taxes on them later. Roth retirement accounts are usually worth more than traditional accounts because […]
Summary A mismatch between your birth certificate and other legal documents can create problems when renewing a Florida driver’s license or government-issued identification card. Some birth certificate issues cannot be fixed with existing paperwork alone. In some cases, a legal name change may be needed before a birth certificate can be corrected. Regardless of where […]
If you are going through divorce in Florida, one of the first financial questions is simple but important: What happens to your assets and debts? In Florida, this is called equitable distribution. It is the process of dividing marital assets and marital debts in divorce. For many professionals, business owners, executives, and high-net-worth families, this […]
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