If you own a Florida business with your spouse, but are contemplating divorce, deciding what to do about your mutually-owned business may become one of the most contentious aspects of your impending divorce, second only to child custody issues. The longer you have been married and the more successful the business has become, the more difficult it likely will be to determine how to divide its value between you as part of your fair and equitable distribution of property during your divorce.
During your marriage, nearly everything you and your spouse acquired became marital property. Now that you divorcing, your shared assets require proper and fair division.
If you are working your way through a Florida divorce, you are probably facing many uncertainties. Divorce can affect virtually every area of your life, from where you live and work to how often you see your children, and navigating the transitions that arise from a familial separation is rarely easy.
It has been a while since the finalization of your divorce, and you and your ex-spouse are now on amicable if not always the friendliest terms. You have also worked out child custody plans that you both can live with, and the children seem to be adjusting well. However, your ex recently moved to a different city, which has thrown a wrench into the workings of your new family dynamic. One parent living in another city or state is not an original concept, but it can be challenging for single parents in Florida. How can you and your ex continue to effectively parent your kids when you live so far away from each other?
Most people plan to be with their spouse forever. However, that is not always the case, and sometimes, divorce is necessary.
Undoubtedly, you have heard of prenups, which are premarital agreements that determine ahead of time the terms of your divorce, particularly asset division. Creating a prenup comes with the benefits of establishing open communication, securing your financial future and preventing fighting over property in the event of divorce.
Divorce is stressful enough without anything else to worry about, but for many stay-at-home moms, separation also means that you must prepare to reenter the workforce. The U.S. Bureau of Labor Statistics reports that 70.5 percent of women with children participated in the workforce in 2016. Despite the frequency of this situation, it can be a difficult adjustment. Here are a few tips for making it a smooth transition.
Florida's spousal maintenance laws may benefit you as you go through the divorce. After all, you took care of the house and the kids, and supported your husband to make it easier for him to pursue and advance his career. Laws change, though, and according to the Orlando Sentinel, legislators are again attempting to pass a bill that could affect your alimony.