A Florida couple with significant assets might rely on tax experts to determine the best approach to filing federal tax returns. However, those who prepare their own taxes might wonder if filing separately has any advantages over filing jointly. Married couples, including same-sex couples, must use one of these two designations. Meanwhile, those who are in domestic partnerships or civil unions may not use these designations when filing. In most cases, there is a greater financial benefit in filing jointly.
Property division is often one of the most contentious issues in a Florida divorce-particularly when significant assets are involved.
A Florida couple might find that forming and running a business can be an exciting venture that allows for more time together while providing for the family's financial needs. However, relationship issues can make a family business difficult. If divorce becomes a consideration, there are major challenges to face in dividing an asset such as a joint business. There are several ways of handling a family business in such an event, and the best option will depend on each spouse's goals.