It is no surprise to readers of this Florida family law blog that people in the United States move with frequency. While it is true that some people will stay in the same community for their entire lives, others may move across the country for better jobs, relationships and other personal reasons. Relocation is not unusual, but it can introduce challenges into the lives of families that must work around custody orders and agreements.
During a marriage, much of what is acquired is considered the joint property of the spouses. Throughout Florida, married couples acquire artwork, residences, cars, jewelry, business assets and a host of other tangible and intangible items that collectively make up their combined wealth. In some cases, couples may also acquire a different kind of financial obligation that they must manage: debt.
Every year in mid-April, Florida residents scramble to submit their state and federal tax returns before the due date. While some may happily await sizable refunds, others may have to come up with significant money to pay off their taxes due. For those who pay and receive child support, the question of how to factor in that money may be an uncertainty in their preparations.
One of the greatest blessings that a Florida resident can experience in life is becoming a parent. Bringing a new life into the world and adopting children are transformative experiences.
Even celebrities with the most apparently charmed existences can hit rough patches in their personal lives.
It is the hope of many Floridians that they will be able to leave an inheritance for their children and other loved ones. An inheritance can be a bequest of property from a deceased party's estate to another. Often in the case the case of married couples, inheritances are granted to one of the parties to the relationship. Even so, how an inheritance is structured and how it is used once it has been distributed can have significant bearing on whether it will be considered separate or marital property during a divorce.
Like many people, you probably think that estate planning is something you should do later in life or after you have started a family. However, even if you are in your early twenties, it is not too soon to start planning for the future. Young adults with only a few thousand dollars in their savings accounts can still benefit from having proper estate plans in order to make things much easier for their parents or other loved ones if they should die or become incapacitated.