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Dividing assets in a divorce isn’t just about deciding who gets what. There are tax consequences that can affect your financial future, sometimes in ways you don’t expect. As such, it helps to understand how different types of assets are taxed, whether certain...
Personal resources are at risk during a divorce. Any marital property is subject to division as spouses separate their lives. Spouses either negotiate directly with one another to resolve asset distribution issues or they take the matter to court. A family law judge...
You've realized for a while that your marriage is no longer working. Neither of you are happy; at this point, it's probably best if you both go your separate ways. There's just one problem - your spouse doesn't want to divorce. The no-fault divorce law Your spouse's...
Small business owners who are going through a divorce often have a complex property division process to go through. They have to deal with the normal aspects of dividing assets and debts, but they also have to factor in the business. There are times when the business...
Anyone who’s going through a divorce knows that the entire process can be stressful. Part of this is because you have to discuss the applicable matters. Unfortunately, this isn’t something that you can usually get away from because there are decisions to make about...
People who are married sometimes begin to build valuable collections of items like artwork, vehicles, figurines or a host of other items. They likely take pride in those items and appreciate the value they’re amassing as the collection grows. Those valuable...
Spouses preparing for divorce have to address many financial issues. They have to separate their property and divide their debts. Often, they may find themselves disagreeing with one another about how to address certain assets, especially those with higher overall...
If you are going through a divorce in 2024, it’s important to understand how this turn of events will impact your tax filing for both the current year (2024) and the following year (2025). Divorce can alter your filing status, tax deduction and even your eligibility...
People often work hard for most of their adult lives to build their credit history. Having a good credit score can make it easier to get a home loan, buy a vehicle or get a credit card. When a married couple builds their credit together, they may assume that they’ll...
Property division is a key part of divorce in Florida. The family home is usually one of the most significant assets that have to be divided. Divorcing couples have several options for the family home in a divorce. Here are some of the most common routes that...