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Handling financial details after a divorce

Many Florida residents would like to believe that once the dust has settled and the ink has dried, they will be able to close the book on the end of their marriage. In reality, however, there are several financial matters that might need to be addressed in the months that follow a divorce. Taking care of these issues is important and should not be postponed.

An example lies in the division of retirement assets. Many couples negotiate a division of retirement savings as part of the property division process. However, the actual division of those assets may not take place until after the divorce has been made final. That means that both spouses have an interest in following up to ensure that the division took place as intended.

Dividing retirement savings or other investments requires the input of multiple people. That means multiple chances for errors to take place. The best way to ensure that the proper outcome is attained is to follow up on the process in a timely manner. Once all property division issues have been handled, spouses will achieve the peace of mind that comes with knowing that these last items have been checked off of the divorce to-do list. 

Florida residents should understand that divorce is a process, one with a clear beginning, middle and end. That said, there are some matters that extend beyond the technical end of the marriage. The division of retirement assets is prime example, and it is an issue that many Florida spouses will face.

Source: financial-planning.com, "How I advise clients on divorce after my own", Lise Robinson, Sept. 30, 2016

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The Law Office of Gustavo E. Frances, P.A.
200 S.E. 6th Street, Suite 402
Fort Lauderdale, FL 33301-3424

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