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Mishandling the division of retirement assets can lead to significant tax consequences. From early withdrawal penalties to increased taxable income, it’s crucial to approach the division with tax implications in mind. For more information, please contact an experienced family law attorney.

If a party has to use the bank account to pay for normal marital expenses during the pendency of the lawsuit, then the court has the authority to value the account as of date-of-trial. For example, if one party has no income and they have to use that bank account to pay for a mortgage

While Social Security benefits aren’t divided in divorce, like other retirement assets, an ex-spouse might still claim benefits based on others records. Knowledge of the requirements and limitations can impact post-divorce financial planning. For more information, please consult an experienced family law attorney.

The value of retirement assets can fluctuate. The chosen valuation date for these assets and the divorce process can significantly influence the division amount. Whether the date of filing, separation, or another agreed-upon date is used, understanding its implications is crucial. For more information, please consult an experienced family law attorney.

P stands for parental responsibility and timesharing. So essentially the court is going to want to rule on the children’s issues first. Parental responsibility is decision-making over the minor child and timesharing, which used to be called visitation, but that’s really where will the child sleep at night, at which parent’s house. So the court

If a spouse has taken out loans against their retirement account, it impacts the account’s value and divisions. Recognizing these loans and understanding the implications is vital to ensure a fair division. For more information, please consult an experienced family law attorney.

For a paternity case, we would need to know each party’s income for purposes of calculating child support. We’d need to know each party’s assets and liabilities to see if attorney’s fees are an issue. And then we’d also need to know about the history of the child who typically took care of the child,

Public employees, like teachers and law enforcement officers, have pensions governed by unique rules. A deep understanding of Florida’s regulations around these pensions can ensure that assets are divided justly and without unanticipated repercussions. For more information, please consult an experienced family law attorney.