Divorce is often an emotionally charged process, but reckless spending by one spouse can exacerbate the situation and lead to significant financial consequences. In Florida, which follows equitable distribution laws, the courts aim to divide marital assets fairly. However, reckless or wasteful spending—often referred to as dissipation of assets—can disrupt this process...
Category: Divorce
What Happens to an LLC in a Divorce?
Divorce is never easy, especially when it comes to dividing assets that are not only financially significant but also personally meaningful. If you are a business owner, you understand how much effort, time, and dedication it takes to build and maintain a successful company. Seeing your business interests potentially divided during...
Should I Conceal My Assets During a Divorce?
Divorce can be a complicated and emotionally charged process, often bringing financial concerns to the forefront. One question that frequently arises is whether individuals should consider concealing their assets during divorce proceedings. While it may be tempting to hide assets to protect personal wealth, this strategy can have serious legal and...
Are Assets Taxed in a Divorce Settlement?
The divorce process comes with many challenges, such as how to divide property. Property division can prove particularly complicated, especially when it comes to taxes. A common question facing individuals is whether assets are taxed during a divorce settlement. Here’s what you should know about how assets are classified in Florida...
Distinguishing Between Marital & Nonmarital Assets
Navigating the complexities of asset division during a divorce can be daunting, particularly when distinguishing between marital and nonmarital assets. Understanding these differences is crucial for ensuring a fair division of property and can significantly impact the outcome of a divorce settlement. This blog aims to clarify the distinctions between marital...
Grounds for Divorce: Legally Acceptable Reasons for Divorce in Florida
Divorce is a significant and often challenging decision, both emotionally and legally. Understanding the grounds for divorce in Florida is crucial for anyone considering ending their marriage. At Orlando Family Team, we specialize in guiding you through this process with clarity and support.
Florida's No-Fault Divorce SystemTop Mistakes that Couples Make During Divorce
Divorce is a complex and emotionally charged process. At Orlando Family Team, we understand that navigating this journey can be challenging. Here are some common mistakes to avoid to help you achieve a smoother resolution.
1. Ignoring Financial RealitiesA frequent mistake is failing...
Ask the Attorney: How Does the Divorce Process Differ When a Prenup is in Place?
Divorce can be complicated and emotionally charged. Having a prenup in place can make all the difference in dictating how a divorce proceeds and can help manage some of the “unknowns” that can cause so much stress and anxiety in other divorce cases.
Let’s take a look at...
Ask the Attorney: How Can I Prepare for a Divorce Before I Tell My Spouse I Want One?
Divorce is a significant life event that can impact every aspect of your life, especially if you have children or significant assets. It is critical to approach it with careful planning and consideration. Before you even broach the subject with your spouse, taking certain steps can help you navigate the process more...
The Impact of Divorce on Small Business Owners in Orlando
Going through a divorce will send the most stoic among us into emotional turmoil. There is the highly personal nature of divorce to consider, but there are also significant financial aspects that should not be overlooked as well. This can be especially true for small business owners. When you are a...
