The Complexities of a Long-Term Marriage Divorce
Divorce involving long-term marriages carry with them unique and complicated
problems. Due to the length of the marriage, there are naturally more
assets accumulated, often resulting in high-asset divorce cases. In some
cases, there is a lifetime of assets to sort through and distribute between
divorcing spouses. If you are seeking a long-term marriage divorce, it
is critical that you obtain an experienced and knowledgeable divorce attorney.
Not all divorce attorneys have the skills to handle what is usually a
complex divorce process. When there is so much at stake emotionally and
financially, you want some of the very best divorce attorneys at your side.
At Anne E. Raduns, P.A., our only practice is divorce and family law. We
are able to focus completely day in and day out on Florida divorce matters.
We can handle any type of divorce, from high-asset and long-term marriage
divorce to contested divorce, both involving intricate asset division.
We will work with you to evaluate your assets and liabilities and any
relevant tax implications from your divorce. After being married for more
than a decade or longer, this is clearly a traumatic time for you. Our
compassion and wisdom for Florida divorce law is what we can bring to
the table to help you during this difficult time.
Dividing a Lifetime of Wealth
How do you start dividing a lifetime of wealth? A skilled divorce attorney
at Anne E. Raduns, P.A., can help you through this complicated process.
There are many issues to consider in a divorce involving a long-term marriage.
One of the major ones is property division or the equitable distribution
of assets and liabilities. Clients should be aware that it is not just
assets but also any debt. Any assets or debt acquired during the marriage
is considered marital property and thus subject to being divided. Due
to the length of the marriage, this means years and years of accumulated
property. In some long-term marriage cases, that means virtually all assets
are subject to being divided.
Assets can include:
- Real estate
- Investments, stocks, bonds
- Pensions, retirement savings, 401(k)s
- Bank and savings accounts
- QDROs (Qualified Domestic Relations Orders)
- Cars, collectibles and personal property
- Art, antique, furniture
- Fine jewelry
Alimony and Long-Term Marriages
Florida has recently changed alimony laws, including defining what is considered
a long-term marriage for alimony purposes. Marriages over 17 years in
length are long-term marriages and alimony is presumed. Other factors
that contribute to alimony include the dependency of one spouse on another
spouse, age, health and the contribution of each party to the marriage,
including services rendered in homemaking, child care, education and career
building of the other party.