Evaluating a Business in a Divorce Part 1

So when you’re dealing with these assets, in the cases where that are e-liquid, meaning a business, you’re not selling a business. You have to go rely on good experts and the expert has to do a valuation. And there’s different ways to value a business. There is the fair market value, there’s the income

How is an Equitable Distribution Handled?

So when you’re in a complex divorce and your party has a lot of assets, the most important thing to do, as in any case, is to identify all the assets and liabilities. So first you identify assets of assets and liabilities. The next step then is you have to determine the assets and liabilities

How Long Do I Have to Pay Alimony?

Alimony laws changed in 2023, and alimony duration is based on the length of the marriage. In a marriage of less than 10 years, you’re looking at 50% of the length as the maximum amount. In a marriage of 10 to 20 years, you’re looking at 60% as the max and the amounts, the duration,

What is the Difference Between Alimony and Spousal Support?

Alimony and spousal support are synonymous. It’s called, in Florida, alimony. Alimony is based off of need and ability, one spouse’s need for alimony and the other spouse’s ability to pay alimony. Duration of alimony is dependent on the length of the marriage, and there is now a statute in place which caps alimony at

I Lost My Job. Can I Modify My Child Support?

If you just lost your job and you no longer have the income that was used to calculate child support, then you probably can modify your child support obligation. You would need to file a supplemental petition for modification of child support and show that the loss of your job is permanent and significant.

Do Threats Affect the Divorce

Threats made by one party or the other, such as I’m gonna take the kids in a divorce. Doesn’t help the parties in any which way. It creates more animosity, it creates more litigation, and especially now that you have a 50/50 presumption. The odds of somebody taking the children when both parents, assuming they’re

What is “Actual Income”?

Everyone wants to know what income actually is and how to determine it. Are you self employed? Are you a W2 employee? And why does it really matter? Because the numbers are based on the child support calculation. So we need to determine what each party’s income actually is. It’s not given to the other

Your Guide to Timesharing in Florida

First thing you do when you deal with kids and you handle it, everybody needs to know that the word that’s used nowadays is time sharing. And child time sharing in Florida as of 2023 is now a presumption in favor of a 50/50 time sharing schedule. You can deviate and overcome the burden of

I Lost My Job. Can I Modify My Alimony?

First, it depends whether your agreement states if your alimony is modifiable or not. If it is modifiable, you would need to file a supplemental petition for modification of alimony. You have to prove that there’s been a permanent significant change and show that you no longer have the ability to pay the court awarded

The Critical Impact of Social Media on Divorce

Social media has had a tremendous impact on divorce and divorce cases in it so much as it creates mistrust. It could create a lot of issues in a divorce case that didn’t exist 20, 25 years ago.

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