When people in Florida make the decision to end their marriage, it is usually a well-thought-out choice. However, there are still many factors that may be overlooked. Experts say there are several things that one can do in order to be properly prepared before filing for divorce.
Creating an inventory of one’s finances is a great starting point, including a list of all assets and accounts. Having documentation for each portion of a financial portfolio is essential, and any documents that pertain to an estate plan need to be included as well. Some examples are bank statements, property inventory, credit card statements, premarital agreements or copies of an existing will. It can be extremely helpful to organize all documentation so that it is easy to locate any that are needed. They can be grouped into different categories, making them easy to access at a moment’s notice.
One of the more difficult parts of the process is determining what assets are considered separate property and which are marital property. In Florida, marital property is subject to equitable distribution meaning that it will be divided fairly, but not necessarily equally. Take note of how each piece of property was brought into the marriage – as a gift, or as a joint purchase, for example.
Once all of this information is gathered, it can be brought to a divorce attorney who can assist with the entire process. Anyone here in Florida who is considering a divorce would benefit from the advice of a legal professional who has extensive family law experience. Being as prepared as possible for the entire experience can offer peace of mind and often streamline the process.
On behalf of North Tampa Legal Group posted in divorce on Wednesday, March 13, 2019.