The term “gray divorce” has caught on as a way to refer to the phenomenon of couples deciding to go their separate ways in their senior years. This is something we face in our Florida family law office on a regular basis due to the popularity of the Sunshine State as a top retirement destination.
We ended our last post, which introduced collaborative divorce, with a question. Many supporters say that it is often less costly than other divorce methods, especially contested divorce trials. For a couple with few issues to negotiate, who may have discussed privately how they would like to handle things before the process began, or who still have a civil relationship, the process could go quickly and cost relatively little.
You may have heard of collaborative divorce in Florida, a new relatively new process for divorcing that was born in the recent decades as a hoped-for antidote to the negative, adversarial nature of divorce in a big courtroom fight. While for some the process has been a good alternative, as time goes on, possible downsides to using the process are emerging.
The answer is: sometimes. In narrow circumstances, a Florida state court may find that someone who owes child support is in civil contempt of court and order him or her incarcerated.
At our law firm, we practice exclusively divorce and family law. Our laser focus on clients facing family or relationship conflict or need gives us deep understanding of the personal situations they face, often quite unexpectedly.
Historically, it has been unethical for a lawyer to say that he or she is the “best” lawyer in town or in an area of law. And of course, it would be impossible to choose the best one — a subjective assessment that varies from person to person. So, how can you make a smart hiring decision?
A high-dollar divorce has the potential to be devastating to your bank account and could affect your financial stability in the future. Divorces can be costly, and if you make errors during a settlement or case, you could end up being the one who hurts the most.
If you're going through a high-asset divorce, it's important to make sure you know your assets' worth and get what you deserve out of your marriage. While most people believe that negotiations will settle any issues in the divorce, there's no guarantee that the negotiations will lead to an outcome you necessarily agree with. That's why it's so important to work with a legal professional who can inform you on the facts you need to know.
Is it possible to have a successful divorce when you have a marriage with many valuable assets? The answer is a resounding, "yes." Although there are many stigmas about divorce and perhaps the perception that all divorces involve conflict, those ideas simply are not true in 2017. Divorces are less of a stigma today than in the past, and most people see them as a sad event that was bound to happen to at least one person they know.
High-net worth divorces are sometimes considered more challenging than others because there are so many assets to find and divide among the spouses. There are potential tax implications and long-term implications for each person's retirement and role in businesses or other financial situations.