March 30, 2023
With the divorce rate in the United States continuing to climb, it is important to stay informed about the state of divorce in the country. In particular, Florida, one of the most populous states in the US, has seen a steady increase in the number of divorces in recent years. So, what can we expect from Florida divorce statistics in 2023?
Current State of Divorce in Florida
2020 was a tumultuous year for many, and it appears that the divorce rate in Florida was no exception. Due to the pandemic, divorce cases in the state decreased significantly. People were unable to access the resources and legal proceedings necessary to finalize a divorce, resulting in a decrease in filings. As a result, the number of divorces in Florida declined substantially.
Nevada had the most divorces per person in 2021, with 4.5 divorces for every 1,000 people. Illinois and Massachusetts had the least divorces, with 1.3 and 1.0 per 1,000 people, respectively.
According to recent estimates, approximately half of all marriages in the U.S. will end in divorce, although the exact figure is estimated to be between 40 and 50 percent. In fact, in 2021, out of 1,985,072 marriages, there were about 689,308 divorces or about 2.5 per 1,000 population (45 reporting States and D.C.).
Florida is one of the top 10 highest states that has the highest number of divorce rates, with 3.6 divorces per 1,000 Floridians or about 13%. Florida cities that contribute to this high divorce rate include Live Oak (11%), Defuniak Springs (10.0%), Starke (10.0%), Lake City (10%), and Springfield (9%).
In the past few years, the divorce rate in Florida has been greater than the national average. By the end of 2022, the rate of divorce in the US had dropped to 2.3 persons per 1,000, based on data from 45 states. Comparatively, the divorce rate in Florida is still higher than the national rate.
What Are the Factors that Contribute to Divorce Rates in Florida
Divorce is an unfortunate reality in many relationships, and Florida is no exception. There are many reasons why couples in Florida get divorced, but some common causes stand out.
Marital Infidelity
Many divorces in Florida are due to marital infidelity. While this may seem like an obvious factor, it is still one of the most common reasons for divorce in the state. In fact, studies have shown that over 40% of divorces in Florida are due to infidelity. This is likely due to the prevalence of dating apps and websites, as well as the ease of connecting with people online.
Financial Issues
Financial issues are another major cause of divorce in Florida. Money problems can be a major source of tension in a marriage, and when couples are unable to resolve their differences, it can lead to divorce. This can be especially true in Florida, where the cost of living can be quite high.
Incompatibility
Incompatibility is another major factor in many Florida divorces. Over time, couples can drift apart and no longer be compatible. This can be due to a variety of factors, such as changes in career, lifestyle, or interests. When couples are no longer compatible, divorce may be the only option.
Education
Education is a factor that can play a role in Florida divorces. In some cases, a spouse may have invested heavily in their own education. In other cases, a spouse may have put their own education on hold to focus on raising the family, only to find that the marriage isn’t fulfilling the expectations they had. In either case, education can be a source of frustration and dissatisfaction that can lead to divorce.
Conclusion
Divorce is an increasingly common reality in Florida, with a steady increase in divorces in recent years. While there are many reasons why couples in Florida get divorced, marital infidelity is the most common cause. Financial issues, incompatibility, and education can also be sources of friction that lead to divorce. It is important for couples in Florida to be aware of the potential causes of divorce so that they can take steps to prevent it from happening. With the right support and resources, couples can work to strengthen their relationships and prevent divorce.
Divorce can be emotionally and financially draining. That’s why at Dorsey Law JAX, we have a team of experienced divorce lawyers who deeply understand the legal system surrounding divorces and make the process as seamless as possible. We’ll be with you every step, offering advice and guidance as you make decisions regarding the division of assets, child support, and other critical matters. We will also work closely with you to ensure that the outcome of your divorce is in your best interests. No matter what stage of the divorce you are in, our team of experienced divorce lawyers will be here to make the process easier. Let us help you make informed decisions to get the best possible outcome for your divorce. Schedule an appointment with us today!
March 17, 2023
Divorce is never easy, especially for those of high net worth. When navigating the complexities of divorce for those with a high net worth in Florida, there are certain dos and don’ts to remember.
These dos and don’ts cover everything from handling assets to handling communications with your ex-spouse. Knowing the dos and don’ts of high net-worth divorce in Florida can help ensure the process is as smooth and stress-free as possible.
What Is a High Net-Worth Divorce in Florida?
A high-net-worth divorce in Florida is a divorce where one or both parties have a high net worth. This generally means that the total combined assets of both parties exceed $1 million. Divorces involving high net worth can be much more complex than a typical divorce, and they require an experienced attorney to ensure that both parties’ interests are protected throughout the process.
In a high net-worth divorce, many more assets must be considered when dividing property. This includes everything from stocks and bonds to real estate investments and vacation homes. In addition to property division, there are spousal support issues, tax implications, and child support.
The process of a high net-worth divorce in Florida begins with filing a petition for dissolution of marriage. The petition outlines the grounds for the divorce and any requests for financial support or other matters.
Both parties must then submit financial affidavits and sworn statements about their income, assets, and debts. Once these documents are filed, the parties can negotiate a settlement agreement. If the parties cannot agree, the matter may proceed to trial.
In Florida, the court will divide the assets and debts of the parties based on the equitable distribution standard. This means that the court will consider the contribution of each party to the marriage, the length of the marriage, and the economic circumstances of both parties. The court will also consider the earning capacity of each party and any contributions of either party to the other’s assets.
Dos and Don’ts of a High Net-Worth Florida Divorce
If you are a high-net-worth individual living in Florida and considering divorce, there are a few things you should be aware of. Divorces involving high-net-worth individuals can involve complex financial and legal issues, and you must understand the process and the potential outcomes. Here are some dos and don’ts to keep in mind:
Do:
- Obtain Legal Representation – You must obtain legal representation from a qualified attorney with experience dealing with high-net-worth divorce cases. Your attorney can advise you on your rights and responsibilities throughout the process, and they will be able to help you protect your assets and interests.
- Gather Documentation – Make sure you have all the necessary documentation for your finances and assets. This includes bank statements, tax returns, real estate deeds, and other financial documents.
- Collect Valuable Items – If you have valuable items, such as artwork or jewelry, collect them so they can be divided in the divorce.
- Prepare for Negotiations – If you and your spouse can reach a settlement agreement, you must be prepared to negotiate. Your attorney can help guide you through this process and ensure your interests and rights are protected.
Don’t:
- Sign Anything Without Consulting an Attorney – Do not sign any documents or agreements before consulting with your attorney. You must understand the implications of anything you sign, and your attorney can help you make sure that you are making the right decisions.
- Hide Assets – Do not hide any assets or attempt to manipulate your financial situation to gain an advantage in the divorce. Doing so could result in legal consequences, and all assets must be accurately accounted for during the process.
- Neglect Your Finances – Ensure you are keeping track of your financial situation and taking steps to protect your assets. This includes making sure that you are making payments on loans, keeping up with taxes, and monitoring your credit score.
- Ignore Legal Deadlines – Ensure you are aware of any legal deadlines that must be met throughout the process. Your attorney can help you stay on track and ensure you meet all the requirements.
Conclusion
By understanding the dos and don’ts of high-net-worth divorce in Florida, you can ensure that the process is handled properly and that your interests and rights are protected. High-net-worth divorces in Florida can be complex and time-consuming.
However, with the help of an experienced attorney, the process can be made much easier. An attorney can help both parties understand their rights under the law and ensure that each party’s interests are protected throughout the process.
Dorsey Law JAX is one of the top attorneys specializing in family law, criminal law, and personal injury. Contact us to speak with a divorce lawyer!
March 9, 2023
Some couples persevere through the challenging phases of marriage and come out the other side wanting to share everything. It’s unlikely that any of these couples will ever have to worry about protecting their individual inheritances from one another. Yet, partners whose marriages look like they’re on the verge of dissolving may see things very differently. When a divorce becomes imminent, it can be too late to protect inheritances from a spouse, even if the inheritance was never meant for anybody except the receiver.
Community property states and equitable distribution states have different rules governing how marital assets are divided and who keeps what. Like the vast majority of the United States, Florida follows the principles of “equitable distribution.” During a divorce, assets in a community property state are divided equally, but in an equitable distribution state, they are divided fairly.
But it might be hard to figure out what’s fair in a tense divorce. A judge will decide how to divide their property evenly depending on a number of variables if the couple can’t agree on a settlement. That said, Florida law distinguishes between marital property and independent property, such as an inheritance.
Unless otherwise agreed upon by both parties, all money and possessions earned or obtained by either spouse during the marriage are considered marital property. To further clarify, anything you have acquired during your marriage is considered marital property, including any income you made, any vehicles purchased with funds from your joint bank account, any properties purchased, and any retirement funds to which either of you contributed. Possessions that are kept apart from one another include:
- Personal injury awards often include components that are treated as separate property. Awards for pain and suffering are regarded as distinct property, whereas any component that reimburses you for lost wages is deemed marital property.
- Any property purchased by one spouse with funds from the other’s separate assets is deemed the owner’s separate property.
- All property designated as separate in a prenuptial or postnuptial agreement is treated as such.
- All inheritances obtained either before or after the marriage are regarded as distinct property until they are combined with other assets during the marriage.
- Any property obtained in one spouse’s name during the marriage, purchased with inherited money, and never utilized for the other spouse’s benefit or titled in the other spouse’s name would most likely be regarded as separate property.
- Property acquired by one spouse as a gift either before or during the marriage but never transferred to the other spouse’s name is termed distinct property.
- Separate property that includes any assets that were owned by either spouse before the marriage but have remained in the sole names of their respective owners throughout the marriage.
To What Extent Can an Inheritance Be Shared between Spouses?
Although it might seem obvious that any gifts or inheritances received before or during the marriage would remain solely in the original recipient’s possession, this is not always the case after a divorce. Let’s say your Aunt Jane bequeathed you a beach house in California. You and your spouse not only make frequent use of the house for holidays during your marriage, but you also make improvements to the house using money from the marriage’s joint finances. The court presiding over your divorce may decide that the beach house is community property because both of you spent time there and money from the marriage on improvements.
Due to the mixing of funds throughout the marriage, the beach house may now be considered community property as well as distinct. It’s possible that this means you get three-quarters of the house, and your partner gets a quarter. That is to say, if the couple had spent money from the marital estate improving the beach house, the non-inheriting partner would be entitled to some of those improvements.
Conclusion
There are several ways to keep inherited assets during a divorce. The most important thing is to be proactive and plan ahead. Talk to an attorney about your specific situation and what steps you can take to protect your assets. Be honest with your spouse about your assets and devise a plan that works for both of you. If you cannot come to an agreement, the court may decide for you.
If you are looking for well-trusted and experienced attorneys specializing in Divorce and Dissolution of Marriage in Jacksonville, FL, look no further than our experts at The Dorsey Law Firm. We are the top Jacksonville attorneys, and we offer our services in cases related to family law, criminal law, and personal injury. Contact us today, and let us handle your legal concerns for you.
