Financial Affidavits May Have to be Adjusted for Higher Social Security Taxes in 2017

According to the Social Security Administration, the income that is subject to social security tax will increase 7.3% from $118,500 to $127,200 in 2017. Family attorneys and pro se divorcing couples may have to adjust the figures on their financial affidavits. Completing a financial affidavit accurately can get complicated for individuals and for some attorneys. Attorneys may not have the time to dedicate to the client's financial affidavit. Feel free to contact me in my Boca Raton Office for divorce mediation services or for divorce financial support. If you require some assistance. https://www.ssa.gov/news/press/factsheets/colafacts2017.pdfRead More

Top Five Reasons for Hiring Deborah Beylus as a Certified Divorce Financial Analyst® During the Divorce Process

Financial analysis conducted early in the divorce process can save time. Deborah Beylus helps clients save money during the divorce process. Deborah Beylus helps your clients avoid long-term financial pitfalls related to divorce agreements. Deborah Beylus assists with developing detailed household budgets to help avoid post-divorce financial struggles. Deborah Beylus reduces the amount of apprehension and misunderstanding by eliminating false expectations. Contact Deborah Beylus at 561-789-0710 for more information. http://www.southfloridamediationservices.com/certified-divorce-financial-analyst/Read More

Determining Divorce in Florida Costs 

The “divorce in Florida” cost is not a stagnant number.  Each South Florida divorce involves different issues, complexities and factors than other cases.  When consulting with a lawyer regarding the cost of divorce in Florida, a lawyer may explain that the following factors can affect the cost: Agreement of the Issues  A primary indicator of how expensive a divorce will be is whether the parties agree on the core issues of the divorce or not.  Some parties are immediately amicable and simply want a fast and simple divorce.  Others may initially disagree on some issues but come to an agreement at a later...Read More

How to Get Divorced in Florida 

Most couples who get divorced in Florida use the regular dissolution of marriage process.  This process requires that certain paperwork be filed in the Florida court and certain information be shared between the spouses.  In limited circumstances, some couples are eligible to get divorced in Florida through a simplified process. A South Florida spouse begins a divorce action by filing a petition for dissolution of marriage, usually with the help of a family law attorney.  This petition is filed in the circuit court in the county where either spouse resides.  In the petition, the spouse states the reason for wanting the divorce, such as...Read More
Divorce attorney discussing with couple

How Is a Divorce  and the 401K Handled? 

In Boca Raton, retirement plans are typically considered marital property.  This includes pension accounts, annuities, Keoghs, IRAS, 401k plans and other deferred compensation plans.  As such, these plans and benefits are subject to equitable distribution even though they are in one spouse’s name.  With a divorce and the 401k, you must take into consideration this form of distribution.  The value of the 401k is based on the portion of the fund that has accrued during the marriage and until the valuation date. To determine the value of the 401k in divorce, the party must compare the current value of the account from the...Read More