Most people who receive alimony from an ex-spouse get monthly payments, usually for a specified period. However, if the paying spouse has the liquid assets available, the couple may agree to a lump-sum payment.
When parents separate and their children divide their time between two homes, it's only natural for them to miss the parent they aren't with. It can be heartbreaking for a parent to hear their children cry or lash out, saying that they want to see or even live with their other parent.
If you're going through or even considering a divorce, your attorney will likely advise you to refrain from posting on social media immediately. Attorneys also advise their clients to be careful what information they include in text and email communications.
When couples marry, they don't just merge their emotional lives, but their financial ones as well. However, too few couple discuss their current financial situations, including debts and assets, before they marry. Perhaps even fewer discuss their views on saving and spending and their financial goals for the future.
The number one source of discord among couples is money. However, politics is becoming an ever-increasing source of arguments and even break-ups according to a recent study. The 2016 presidential election was one of the most divisive in modern history, and the strong feelings that many people had last fall don't seem to have greatly dissipated.
Anyone who's been through a divorce or has watched their parents go through one knows how stressful it can be, even when the spouses part relatively amicably. Therefore, it's not surprising that Florida's divorce rate has landed our state at number 13 on the list of most-stressed states according to a study by the financial website WalletHub.
What should you do if you think you're headed toward divorce? First, take care of your finances. It's no secret that a divorce can be costly and that assets could be restricted or go missing due to an aggressive or angry spouse. Take some time to gather materials about your shared finances, assets and accounts before you file for divorce. If you don't have a credit card, it's time to get one.
Once a divorce is finalized, most agreements are considered to be set in stone. However, you do have a chance to appeal a decision if you don't agree with it. It is unusual for an appeals court to overturn a judge's decisions in a divorce case, but it is not unheard of.