DIVORCE OVERVIEW (WITH CHILDREN), part 1
INTRODUCTION
There are certain requirements that must be met in order to obtain a divorce. A document called the Final Judgment must be signed by a judge in order to finalize the divorce. In Florida, the legal term for a divorce is “dissolution of marriage.” The cost and complexity of divorce depends on the parties and issues involved.
Couples have to untangle the areas of their lives that have become intertwined, some of which are financial or material in nature, some emotional. Some areas cannot be completely separated, such as children.
Marital assets and debts must be divided, which leads to questions such as, “Which assets are truly assets of the marriage?”, “What about engagement rings or gifts to each other during the marriage?”, “What about money inherited from a distant cousin who passed away?” or “What about the coin collection I’ve had since childhood?”
Coming next: an overview on the issues regarding children, time sharing, and child support.