A divorce is difficult for everyone involved, even if it is the result of a mutual agreement. It's emotional, and even though you know what has to happen, you may be sad or angry.
When addressing property division during a divorce, the courts must first determine what is considered marital property. In most cases, property that was obtained before a marriage is considered non-marital property and will not be part of the property division.
In today's world, it isn't terribly surprising to hear that someone -- particularly a celebrity -- has had an extramarital relationship. Sometimes adultery doesn't even lead to the end of a marriage, as relationship counseling is perhaps more available now than ever before.
While some couples in Florida going through a divorce find that they are able to reach a consensus about how to divide their marital property, others may find that some items have such financial or sentimental value that both parties are reluctant to give them up. When this happens, the parties may need to turn to the court to issue an order regarding property division.
Summer is a popular time for weddings, and many soon-to-be-wed couples in Florida are looking forward to the big day after months or even years of planning. However, there is one, not so romantic, item that should be checked off their list before walking down the aisle: executing a prenuptial agreement.
Sometimes, while married, one spouse works to support the family financially, while the other spouse stays out of the workforce to take care of their family. Also, in some cases, even if both spouses work, one spouse earns significantly more than the other. Should couples in these situations divorce, the issue of alimony -- also known as spousal support -- naturally comes to the forefront.
Prenuptial agreements sometimes get a bad rap. Some Panama City residents may think that prenups are a sign that the couple is not committed to the marriage, are selfishly placing their interests above that of their spouse or even that they do not trust their soon-to-be spouse. However, none of this is true. Prenups can be the responsible choice for a couple to make. They can set the stage for honesty and open communication, which could benefit the marriage. And should the marriage not last, they can make the divorce process run more smoothly.
Divorces can easily cost thousands of dollars, which is why when you decided to get one, you wanted to finalize it quickly. But over time you may have noticed that your spouse really doesn't want to negotiate or help finish the divorce process in a timely manner.
A prenuptial agreement can decide many issues in a divorce before the couple even marries. This can be a good way to streamline the property division process in the event of a divorce. Some couples feel that a prenuptial agreement can even strengthen their marriage, as it requires honesty and fairness. However, prenuptial agreements are not foolproof.
While some married couples in Panama City are happy to say "what's yours is mine and what's mine is yours," there are situations in which one spouse may wish to retain sole ownership over certain types of assets, such as an inheritance. In general, an inheritance is considered to be separate property, rather than marital. However, should commingling occur, this once-separate property could be considered marital for property division purposes in the event of a divorce.