Married couples in Florida who accumulated assets and debts together may need to divide them fairly during a divorce. Debts subject to division may include joint liabilities such as credit card accounts, auto loans and a mortgage, as described by The Florida Bar.
The IRS clarifies the importance of two documents related to retirement benefits and divorce. The first is the Qualified Domestic Relations Order. The ex-spouse in connection with the court must file this document with the administrator of his or her former partner’s retirement plan. This allows the plan to pay some or all of the assets in the retirement plan to the ex-spouse, as outlined in the court order.
As the holiday season approaches, separated or recently divorced people may feel stressed or anxious. Some of this stress or anxiety stems from stereotypes this time of year. Those stereotypes do not always fit a divorced person’s reality.
Co-parenting can be a challenge, and for this reason many families decide to set up an official parenting plan after divorce. A parenting plan refers to a written document that sets up parameters for the custodial agreement you will have with your spouse after a divorce.
Divorce can become expensive very quickly. What many people do not know is that one of the fastest ways to drive up the price of your divorce is to communicate the wrong way with your lawyer.
You may have finished writing down everything that you want your heirs to inherit in your will, but you have not wrapped up your will until you name someone to be your executor. Your executor will have the task of closing out your estate and making sure your heirs receive whatever you have promised. Now you need to think of who would make a good executor.
