Tag Archives: divorce and finance

A House Divided: Splitting the Marital Residence in Divorce Mediation

The “Marital residence” is a term used in divorce law to refer to the property where the couple resided together before the breakdown of the marriage. Since the marital residence is often the most valuable asset and a mortgage is often the largest liability, deciding which party keeps the marital residence can be one of the most difficult decisions a couple will make in a divorce. Unlike a bank account, a house cannot be divided in half. For this reason, we often pay special attention to structuring how the marital residence is accounted for in equitable distribution. In a divorce,...Read More

Mistakes to Avoid during Divorce and Finances Settlement

The decisions that spouses make during their divorce settlement can affect them for years and possibly even for the rest of their lives.  This is why it is important to consider the effects of divorce and finances during a South Florida divorce.  Some divorce and finances mistakes to avoid in South Florida include: Not Uncovering Hidden Assets During the divorce, it is critical that all assets and debts be identified.  The divorce order can only make instructions regarding those assets and debts that the court knows about.  Unfortunately, some spouses try to hide money that is subject to division.  Assets...Read More