Wood & Associates, P.A.
Expertise In Handling Matters Involving Military Personnel
850-502-8978

June 2017 Archives

Shared parenting gaining acceptance

In Florida, the concept of shared parenting, sometimes referred to as joint physical custody, is not implied in the laws of the state, but this is something that lawmakers are trying to change. A couple of bills have passed by substantial margins, but they have been vetoed.

Issues to consider when blending families

According to a Pew Research Center report, 16 percent of children were living in a blended family in 2015. However, there may be financial difficulties in such an arrangement. One way to make a transition easier from a financial perspective is to have common goals when it comes to money. Florida couples who are going to be in this position should ask themselves what they want financially and what type of example that they want to set for their children.

How Florida residents know if a payment is considered alimony

In 2006, a man received a $250,000 bonus that was worth over $155,000 after taxes. In 2007, he filed for divorce from his wife and gave her nearly half of the after-tax amount. Days later, the wife signed an agreement saying that the money was community property and that he would claim the entire bonus on his tax return. The man then claimed a $127,000 alimony payment on an amended 2007 joint return filed with a new spouse.

Financial preparation for a divorce

When Florida couples decide to get a divorce, they can take certain actions that may help protect them financially. It is important to not put too much stock in advice from friends and family. While that advice may be well-meaning, it may also not apply, as everyone's circumstances are different. It may be better to speak to legal and financial professionals about any questions that might arise.

Financial circumstances may have little bearing on divorce

It is a commonly held view that couples in Florida and around the country are more likely to divorce during times of economic hardship, but a 2016 study claims that a couple's material circumstances have little bearing on their chances of staying together. The study, which was written by a sociologist from Harvard University, was based on a study of 6,309 marriages between 1968 and 2013.

How parents can assist children in adjusting to divorce

Florida parents whose marriages are coming to an end can take a number of steps that will help their children adjust to the situation. They can start by talking honestly with their children when they know the divorce is imminent. Children notice changes such as parents sleeping in separate rooms. They should be reassured that the divorce has nothing to do with them and encouraged to ask questions and talk about what is going on. Children may need time to grieve, and how they process this grief may vary from child to child. If necessary, parents should not hesitate to contact a therapist to work with the children.

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Wood & Associates, P.A.
980 Airport Road, Suite A
Destin, FL 32541

Phone: 850-502-8978
Fax: 850-424-7468
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