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Divorce may affect eligibility for college financial aid

Trying to figure out whether a child is eligible for college financial aid can certainly be confusing. However, the process can be even more overwhelming for those who are going through divorce. Here is a look at what to expect when it comes to financial aid following divorce in Florida.

Many spouses confused about property division during divorce

Dividing property is commonly one of the most acrimonious aspects of a marital breakup. Part of the problem is that many spouses who are going through divorce have misconceptions about what property distribution means for them according to state law. Here is a look at a couple of these misconceptions in equitable distribution states, such as Florida.

New tax law complicates divorce process

The dissolution of a marriage in Florida is a complicated process that can no doubt be overwhelming both financially and mentally. However, the new tax law is complicating divorce even more for many couples. This is particularly the case for those with minor children as well as those who have created prenuptial and postnuptial agreements.

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.  

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.

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.

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.

Protecting assets is possible during divorce

Aside from the welfare of one's children, protecting one's money is an important area of focus during the process of dissolving a marriage. In fact, money is one area that spouses can tackle prior to filing for divorce. Here are a couple of tips for protecting one's monetary assets when pursuing divorce in Florida.

Adult children can be affected by their parents' divorce as well

A growing number of spouses in Florida and elsewhere are deciding to get divorced later in life, a phenomenon known as gray divorce. However, just because the children are typically adults by this stage in the divorcing spouses' lives does not mean they are not impacted by their parents' divorce process. Important steps may help older parents to navigate divorce in a manner that minimizes the adverse impacts on their grown children.

Divorce may be unavoidable even following marital counseling

When a couple's marriage is on the rocks in Florida, marital therapy may be a viable solution. Marriage therapists strive to help their clients to develop a better understanding of one another's needs. If the two spouses still cannot get along, however, divorce may be inevitable.

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