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September 2017 Archives

Overlooking financial details can be costly in divorce

For Florida couples whose marriages are coming to an end, financial matters are often among the most important. Having a qualified attorney and a financial adviser can help prevent an imbalance of power and ensure important issues do not go overlooked, but individuals are their own best advocates in many cases. There are a few things that parties to a divorce can do to make sure they're covering themselves with regard to assets.

Withdrawing money to prepare for divorce

Finances are often tighter after a divorce, but a strain can start before a settlement is finalized. Florida residents may wonder about using joint accounts during the process. In many marriages, one partner handles the finances. While there is nothing wrong with this, the other person should at least know basic information. This includes income and investment information, the different types of joint accounts a couple has and how to access them.

Avoiding dichotomy in shared parenting "house rules"

Even though Chapter 61 of the Florida Statutes covers shared parenting as it relates to the best interests of the child, the reality of joint custody agreements is that some divorced parents tend to put their own interests ahead of their children's when it comes to house rules. In many cases, divorcing parents will project their bickering onto the rules they seek to impose on their young children.

The case for shared parenting

Research and evidence from other countries indicate that many Florida divorcing couples who have young children may benefit from shared parenting arrangements. Shared parenting means that both parents have roughly equal amounts of time and responsibilities for caring for children after a divorce or separation. There is strong evidence that a shared parenting arrangement benefits all of the parties involved.

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