Florida parents may not give a lot of thought to the type of college savings account that they are using until they go through a divorce. When they have to divide their marital assets, new questions may arise about the college savings and what the money may be used for. A parent who does not trust the other may start to worry that the money set aside for the child's education could be used for other things.
If a Florida couple decides to divorce and wants to divide their property, they will need to figure out how much their assets are worth. This process can be a complicated when one or both spouses own a business. Depending on the situation, the couple will need to get a calculation of value or a full valuation of their business.