Many Florida residents who have never experienced divorce know very little about the state's marital property laws. In an imminent divorce situation, this lack of knowledge can be a detriment, meaning those who have made the decision to split will want to learn about marital property division early on. A saving grace in many cases is that a divorce attorney can fill in any missing blanks to enhance a divorcing couple's growing knowledge about marital property law.
For couples seeking a divorce in Florida, where state laws make it easy to set up and run a small business, divorces involving a couple's business can be very complex. Businesses are required by law to maintain certain categories of records, and any well-run business needs a certain minimum level of accounting. Unfortunately, when an equitable asset split is involved, businesses can be points of contention in divorce court. When a business apportionment is part of a divorce settlement, the business owner may try stalling tactics, like delivering all financial documents at the last possible minute to run up their spouses legal bills. They may try presenting documents that have been deliberately jumbled and misfiled to conceal missing information.
Florida residents may be interested in an article detailing some of the ways that a spouse can hide assets in a divorce. The article also touches on how information on these hidden assets can be found.
When a Florida couple files for divorce, the end of their marriage results in the need to divide their marital assets in an equitable fashion as allowed under the law. In some marriages, property division is fairly straightforward and simple, such as if only a home is owned by the couple. However, the division of assets becomes more complicated when the couple owns stocks.
Some residents in Florida who may be contemplating divorce in the near future or presently undergoing one may find a recent article on the subject somewhat enlightening. Its author acknowledges the inherent difficulties in divorce cases owing to issues such as asset valuation and division, but nevertheless believes that at least some of their hardship may be alleviated by proper planning and care before the divorce even begins. She proposes five possible courses of action someone may take to protect their assets in the event of a legal separation.