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August 2016 Archives

How to divide a business in a divorce

Florida couples who are divorcing and who are also business owners may have an extra layer of complexity in their property division. The first necessary step is determining the value of the business. This can be done in two different ways depending upon a number of factors including the complexity of the business, how much money the couple wants to spend, whether or not the couple hopes to get through the divorce quickly and whether the figure is ultimately needed by a judge.

Timing of a divorce

According to researchers from the University of Washington, divorce may be a seasonal phenomenon. They analyzed divorce filings in the state of Washington from 2001 to 2015 and found that they peak in the months of March and August. That would be around the end of winter and the end of the summer holiday season. The team thinks that the timing may be related to the cultural taboo surrounding a divorce during a holiday season, and Florida couples who are having difficulties in their relationship may find the research to be of interest.

Changing child custody leads to less migration

People today move half as much as they did 50 years ago, but for years, demographers have been stumped as to why. The usual explanation has been that it is related to the economy, but one University of Connecticut professor who decided to study the problem found that economic fluctuations did not affect a steadily-declining rate of migration. After looking at several other potential causes, he found that for parents in Florida and throughout the country, a higher divorce rate and child custody responsibilities kept many of them in the same place.

Determining whether or not to keep the house in a divorce

Often, when Florida couples divorce, determining what to do about the marital home is a major issue. In some marriages, the house may be the largest asset that the couple owns. People who have the possibility of remaining in the home may wonder whether it's a good idea to do so or if they should instead sell it.

Preparing for property division negotiations

When two people go through a divorce in Florida, all of their shared assets must be divided equitably between them. If spouses can work out an agreement about property division outside of court, the agreements can be written down as settlement provisions and then finalized in an official divorce agreement. A judge may have to decide how to divide marital assets if spouses are unable to negotiate a settlement personally.

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