Gray divorce and your finances

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...

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...

When should you consider divorce?

When you and your spouse are having problems in Florida, you may sometimes feel like the situation will never get better. Although divorce may have crossed your mind, you may sometimes be reluctant to bring up this topic. It is important for you to know when you...

How do new tax laws affect alimony?

Until recently, the rule was that if you paid alimony payments in Florida to an ex-spouse, you had the ability to deduct the payments from your taxes, while the alimony recipient paid taxes on it. Though alimony laws varied from state to state, that was a universal...

How does alimony affect your taxes?

When a couple divorces in Florida, the court may order one ex-spouse to pay the other alimony, also spousal support, if there is a disparity of incomes and one of the former spouses does not make enough money to support himself or herself. If alimony is a part of...

Debt relief and divorce

Couples who are facing serious financial problems in Florida often end up making the decision to get divorced. When this happens, they may also want to evaluate a variety of options for how to address their debt. Filing for bankruptcy may be one solution they wish to...