On behalf of Kenneth D. Morse posted in Property Division on Friday, October 7, 2016.
Many Florida spouses assume that once their divorce papers are signed, the process is complete and both parties can go their separate ways. In reality, however, there are multiple property division issues that can extend well beyond the timeframe of divorce. Understanding how those matters can impact the months and years that follow a divorce is essential to avoiding complications.
As an example, many couples will divide retirement investments as part of the divorce process. Attorneys for both sides will usually handle the details of that division. However, the division itself might not occur until after the divorce has been made final. This is a busy period of time that is full of change, and it is all too easy to let some things slip through the cracks.
That means that each spouse will have the responsibility to follow up and ensure that the division took place as outlined in the divorce settlement. The process of dividing retirement accounts requires multiple participants, any one of whom can easily drop the ball. Staying on top of things can help resolve problems as they arise and ensure that the division takes place in a timely manner.
This is just one reason why Florida spouses should rely on the services of a qualified family law attorney. Many aspects of the property division process are complicated, and the outcome is of great importance to both parties. Working with a divorce attorney can help spouses feel secure that all financial issues have been addressed in the proper manner and within a short period of time.
Source: financial-planning.com, “How I advise clients on divorce after my own”, Lise Robinson, Sept. 30, 2016