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December 2017 Archives

Property division during a divorce includes retirement accounts

A person may have spent a significant portion of adult life saving with his or her partner in order to have an ample amount of funds for retirement. Perhaps one partner handled more of the household management while the other focused on earning income. Now, the person is facing divorce and is wondering what is fair for property division in Florida? Is there any way to prepare for such a change, also? 

As a father, when is it necessary to legally establish paternity?

If you are a father, you know how important it is to maintain a strong relationship with your children. This is especially true for fathers not married to the mother of the child or who are facing other custody concerns. In some cases, it may be necessary for a Florida father to legally establish paternity in order to enforce his rights as an active and involved parent.

Divorce doesn't necessarily shrink the family

At the end of a marriage, some individuals may fear the loss of close bonds with their children or that the family will become smaller. As it turns out, for many, the family size tends to grow as individuals remarry and add stepchildren to the mix. One study shows that divorce tends to make American families 66 percent larger, as some individuals in Florida may be surprised to learn. 

Alimony payments must meet requirements to be deducted

A person who has terminated a marriage with a spouse may later be responsible for making several types of financial payments to the former spouse. Among those payments are child support, property settlements or alimony. In Florida, an alimony payment can be deducted from taxable income if it meets certain guidelines. If not, the payment remains taxable. 

Child support basics -- who, what and why

More than just a check, child support payments are designed to help a child thrive. In Florida, a person may wonder about the ins and outs of child support, especially if they are newly separated or divorced. With each new situation in life comes questions about the details. In regard to child support, some are wondering - who is it for, who is responsible to pay and why is it important? 

Property division raises questions of how to handle the house

For many couples, the family home is the most valuable asset. During a divorce, an individual will need to figure out with their ex-spouse how the house will be handled. Who will stay, who will go, or will the home be sold are all questions that can be looked at. Property division can have far-reaching impacts on an individual's lifestyle, so for many Florida residents, this is a critical part of any divorce. 

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