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November 2016 Archives

It's time for the talk: Prenup considerations for high asset marriages

We are all familiar with the wedding vows recited in the generic Hollywood movie scene: "for richer or poorer, in sickness and in health." While most engaged couples may seek to make similar promises during their own ceremony, those with high assets may have different considerations to make if they desire to protect their possessions in times of sickness and health.

Types of property and their division in Florida

If you are going through a divorce, one of your biggest logistical concerns will probably be the division of your property. Since couples tend to accumulate assets over the course of their relationship, the process of dividing those assets is often a complicated one. Each state has its own rules and regulations concerning property division and Florida is no exception. However, before you can reasonably consider how property will be divided, you must first understand the different types of property.

Student loan obligations and divorce

There are numerous financial issues to consider before filing for divorce. A couple may focus on divvying up their assets, but debts also need to be considered during the process. As an equitable distribution state, Florida courts do not necessarily divide marital property equally, but both assets and debts will be allocated in a manner in which the judge deems to be fair. Those with student loans might be expected to share in those obligations based on various criteria.

What to do about asset depletion in divorce

Depletion of assets happens when one person in a Florida divorce spends marital assets in an effort to keep the other spouse from being able to claim them as part of property division. It may be possible to seek a restraining order to stop this from happening. It prevents major financial changes to marital property. However, if it is not filed in time or at all, and asset depletion occurs, then people may need to used other methods.

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Pilka & Associates, P.A.
213 Providence Road
Brandon, FL 33511

Phone: 863-236-9321
Phone: 813-653-3800
Fax: 813-651-0710
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256 North Kentucky Avenue
Lakeland, FL 33801

Phone: 863-236-9321
Phone: 863-687-0780
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Local Number 863-236-9321

Local Number 863-687-0780

Fax Number 813-651-0710

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