This actually happened in a high asset divorce case.
Just recently this Florida family law and divorce blog discussed an interesting trend in American divorces -- marriages are ending at a higher than average rate for older individuals. Often termed "gray divorce," the end of a marriage between people who have spent a significant number of years together can be more than just emotionally taxing -- it can be incredibly costly.
Marriage comes with a lot of incentives. Incentives include tax benefits on annual tax returns for filing jointly, saving on co-habitation expenses and other financial pluses. These financial benefits can cause people to be hesitant about filing for a divorce. Oftentimes, people who are filing for divorce are looking at a situation in which they will be living a single life, and the financial changes can make people anxious about how the change will affect them.
A successful marriage may have lasted ten, fifteen or even twenty-plus years. However, that doesn't mean that two people won't wake up, look at each other and realize that they want to go their separate ways. Sometimes people grow apart. So what does that mean for their accumulated marital property?
Many Florida residents dream of becoming their own bosses and managing corporations or businesses of their own creation. Though not every dreamer is able to turn their self-employment plans into reality, those people that do start their own businesses often spend a great deal of time, money, and energy in the effort to see their entities grow. Self-owned businesses often become family businesses when business owners marry or start their entities after they have entered into legal marital relationships.
There is no such thing as a "one size fits all" divorce and Brandon residents who are exploring the option of legally ending their marriages deserve to work with legal representatives who will treat them as individuals. At the Tampa Bay Legal Center, our clients are given the information and specific resources they need to make the best choices about their personal divorces.
Florida residents who enjoy reality television may be sad to learn that one high-profile couple is ending its relationship. Tarek and Christina El Moussa, the married couple behind HGTV's popular "Flip or Flop" home improvement program, have decided to end their marriage.
A divorce destroys the legal bond that marriage creates between two people. It can be a complicated, difficult process even when the partners to the failing marriage agree that divorce is a necessary step to move their lives forward. One factor that can make a Tampa divorce especially challenging is the presence of extensive assets shared between the partners.
Whether the decision is mutual or the result of one person simply doing what they feel is best, there is no question that once the divorce process starts moving forward in earnest that both spouses will have no shortage of suggestions from friends and family.
Thanks to everything from a more diverse workforce and evolving social mores to empty nests and a greater emphasis on wellness, more and more baby boomers are choosing to part ways with their long-time spouses.