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Divorce can have long-term impact on one's finances

The fact that the dissolution of a marriage can be emotionally and financially challenging in Florida and elsewhere is no secret. However, recent research quantified how the divorce process impacts a person's long-term finances. This, of course, has implications for his or her retirement readiness especially.  

For starters, beginning next year, anyone receiving alimony might end up being in an extremely low tax bracket, as alimony will not be reportable as income any longer. As a result, these individuals might qualify for a capital gains tax rate of 0 percent. In this situation, it may behoove them to receive investment assets over the family home as part of the divorce settlement. In addition, they might benefit from converting their traditional retirement funds to new Roth Individual Retirement Accounts, as this will create future income that is tax free for them.

Being detail oriented during divorce is critical

The dissolution of a marriage is never an easy process, no matter how amicable two divorcing spouses may be. Unfortunately, the challenges associated with divorce oftentimes do not stop, even after the divorce has been finalized. A common post-divorce mistake that couples make in Florida is that they become disengaged from relevant details of the breakup.

Dealing with a divorce proceeding's details can understandably be exhausting. This is especially true if the divorce process is complicated. However, these details are important to stay on top of, even after the marital breakup, if two spouses have agreed to share costs for their children -- for example, the costs of extracurricular activities and physician visits.

Tips may help with navigating financial aspect of divorce

During the dissolution of a marriage, one of a spouse's biggest areas of concern may understandably be money. After all, transitioning from one household to two households with the same pot of money can be challenging. Here are a couple of tips for navigating the financial aspect of divorce in Florida.

First, it may behoove a divorcing spouse to seek out the guidance of a financial planner early on in the divorce proceeding. A financial planner can help with matters such as the management of joint debts -- a major issue during marital breakups. He or she may also provide financial advice related to other aspects of the divorce, such as spousal support or child support.

The name of the season

Every year across Florida eyes turn south, to the Gulf and the Atlantic to watch for the approaching storms. Hurricane season brings risks of all kinds, but driving during a storm is a hazard few people think about.

During sub-tropical storm Alberto, when the visibility and road conditions were at their worst, three separate accidents occurred in the Panhandle. The storm continued on through to other states causing damage and taking lives. It serves as an early reminder of the real dangers of driving during named storms, such as:

Car accident leads to 1 death, 1 injury in Florida

A former pastor in Florida recently lost his life in a tragic motor vehicle collision. In addition, another individual suffered injuries in the wreck. According to authorities, it appears that the wreck was a wrong-way car accident.

The crash took place at about 3 a.m. on Interstate 4 Eastbound. Two automobiles were involved. Authorities reported that, apparently, one of the drivers was going the wrong way, thus causing the head-on collision.

Car accident claims 1 life, leads to injuries and a DUI arrest

A woman sadly lost her life in a tragic motor vehicle wreck in Florida. Meanwhile, her daughter suffered injuries in the collision. Another woman who is believed to have caused the car accident due to driving drunk was arrested following the collision.

According to authorities, the 44-year-old woman who ended up being arrested was driving her car and allegedly struck the back of another car. Police said the second car was then sandwiched between the first car and a semi-truck. The 18-year-old driver of the second car suffered minor injuries in the collision, but her 60-year-old mother, who was riding with her, suffered serious injuries and passed away days later.

Auto accident takes 1 life, leads to 2 injuries

A tragic motor vehicle crash recently took a woman's life in Florida. Meanwhile, two other individuals suffered severe injuries in the auto accident. The car wreck took place along State Road 80.

The fatal accident occurred at a little before 2:30 p.m. on a Tuesday. According to authorities, a woman, 57, was headed east on the highway, but she was apparently in the highway's westbound lanes. Her car ended up removing the side mirror on another car, which almost collided head-on with her car but was able to steer onto a turn lane to avoid a crash.

Auto accident leads to 4 deaths, 4 injuries

A fatal crash recently led to four deaths in Florida. Meanwhile, four other individuals suffered injuries in the wreck. Three automobiles total were involved in the devastating auto accident.

The accident occurred on a Saturday night along South Federal Highway. According to authorities, a pickup truck was speeding along the highway and then encountered traffic. At that point, the driver reportedly attempted to avoid running into other motor vehicles. However, the truck allegedly swerved into a turn lane and struck a minivan from behind.

Floridians At Risk Of Bike Accidents During Rainy Season

Our northern neighbors either take off the winter months from biking or dress for it as if they are going to skiing. Floridians on the other hand enjoy tropical winters with plenty of sunshine and warm weather. Of course, the crowds of snowbirds and other winter tourists make the roads here as congested and dangerous for bicyclists as it does for motor vehicle drivers. It is the summer months, however, that have less traffic but actually present serious weather-related challenges.

Road bikers need to be prepared for abrupt changes in the weather during rainy season that often includes sudden rainstorms and flooding. While this kind of weather can be particularly dangerous for those on two wheels, there are strategies that are helpful in avoiding accidents and injury.

Child custody does not have to be a battle during divorce

Dissolving a marriage can certainly be tricky for financial reasons. However, one of the hardest parts of going through divorce has nothing to do with money; rather, it has everything to do with the children. Here are a couple of tips for dealing with the potentially thorny child custody issues during a divorce proceeding in Florida.

First, it is paramount that both parents support their children during the divorce process. In other words, the parents may be wise to avoid making the children choose sides. After all, the breakup of their parents is tougher for the children to process than the parents may think it is.

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