Legal Toolkit Florida Family Law and Divorce

What to Know About Family Law and Divorce

a

Divorce is never easy. It is less financially painful when spouses put aside their anger at the situations that led them to this point, act as rationally as possible, and resolve issues quickly. Even if one spouse is wealthy, spending more of their money than necessary on legal fees only reduces the pool of money left over to establish two separate households. In most instances, no matter how cost-efficient the divorce, the standard of living for the respective households, from an economic standpoint, will go down. As you proceed, try to make wise financial decisions for the benefit of all. 

b

The legal route you choose to end your marriage can make a difference on how expensive, time-consuming, private, and adversarial the process will be. The best method for you and your spouse will depend on the complexity of your marriage and possessions, the existence of children, and the state of your relationship. More well-known methods to legally end a marriage include traditional litigation, mediation, and the collaborative law process.  See “Legal Glossary” for definitions of these phrases and discuss your options with a family law attorney. 

c

Spouses in difficult divorce cases have been known to “hide” assets until after a divorce is final to lessen their financial liability. Because of this, you should consider gathering copies of important financial statements and storing them outside the home before you file for Divorce.  See “What to Have” for details. 

d

Prenuptial agreements (also known as ante-nuptial agreements) are becoming more common, especially as couples are marrying later in life or as second, third, or fourth marriages become more common. Even with young, never before married couples, one or both of the parties may have accumulated significant assets previous to the intended marriage that they want to protect for themselves in the event of divorce. Both parties should have their own legal representative review a prenuptial agreement before they sign it.