It is not uncommon today for people to get divorced in their 50s, 60s or even at older ages. Many Florida couples find themselves deciding to part ways for a variety of reasons. Divorce is not easy regardless of your age at the time but if you are in your 50s or beyond, you should take special note to find ways to protect yourself financially.
Gray divorce and your finances
How is debt divided when you divorce in Florida?
When your spouse approached you and said that they'd like to get a divorce, you were shocked. Your shock worsened when you realized how much debt they'd run up while you were married. You don't want to be saddled with the debt, because you didn't spend the money. In a lot of cases, that money wasn't spent on anything that would benefit you, either.
Can assets be hidden in divorce?
Florida couples getting a divorce will have to contend with several things that no one would look forward to. For example, you will have to divide all of your assets equally or equitably, depending on your state. Unfortunately, some people will try to get around a fair division by hiding some of their assets.
