Cash Flow Planning for Life - Helping you reach your personal & professional financial goals.

Cash Flow Planning for Life

Helping you reach your personal & professional financial goals.

Archive for October, 2012

Alimony and Child Support

This is the eleventh installment of “Divorce. What You Need to Think About from a Financial Perspective“, which can be downloaded for FREE from makara-assoc.com.

Alimony versus child support. In terms of cash flow and taxes, these two terms alimony and child support can’t be any more different.

Child support is paid until the child reaches emancipation. Emancipation is defined in most cases as the age of 18 or graduation from high school, before the age of 19. This support is based on each party’s income and can be contested every 3 years in most states.

The amount of child support is determined by a standard calculation that factors in the following variables:

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Real Estate & Divorce – Your Rights in the State of Florida

This is the tenth installment of “Divorce. What You Need to Think About from a Financial Perspective” which can be downloaded from our FREE eBook library.

The Marital Home

In Florida, “the marital home” is defined as the piece of real property where you and your spouse have spent the majority of your marital lives together. This property is considered a joint asset, and is subject to division according to the Florida statutes. Of course, the court makes the ultimate decision as to who gets the property. A number of factors are taken into consideration, such as:

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