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At a Glance Even if your child’s bar or bat mitzvah is still years away, if you are facing divorce, the best time to address who pays for it is during the divorce, since Florida courts have no clear authority to order payment for a religious celebration once your case is final. Florida law gives […]
At a Glance A real estate syndication cannot usually be split between spouses the way a bank account or a house can, so Florida divorces typically resolve it through a buyout, a deferred sharing arrangement, or an attempted private sale, depending on what the syndication’s own documents allow. Real estate syndications pool money from multiple […]
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 […]
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