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Reed Law Blog

Uncovering hidden assets, debts important during divorce

Debt can be problematic in any marriage as well as when the marriage ends. However, in some divorce situations resulting from irreconcilable differences, one spouse may have never even known about the other party's debt. Either way, debt is a critical matter to address during a divorce proceeding in Florida.

During a divorce proceeding, debts are considered to be marital even if one spouse might not know about them. For instance, in extreme cases, one spouse may be unaware of a loan taken out by the other party, who had been leading a totally different lifestyle than anticipated. For this reason, scrutinizing debts carefully is important.

3 factors that go into child custody determinations

There is a reason why many people refer to child custody cases as battles: they typically involve two parents willing to do whatever they can to "win" parenting time with their child. However, custody is not about winning or losing; it is about protecting a child's best interests and securing a plan that allows a child to receive maximum love and support.

That being said, custody is not necessarily awarded to parents based on who serves the healthiest meals, makes the most money or attends to the most soccer games and band concerts. There are several factors used to determine custody. Below, we break them out into three different groups.

The Importance of Estate Planning

1220310-FI-002280730.jpgEstate planning is something everyone should do, regardless of income level. While it's something many like to avoid, it's important to have a plan in place to determine who will receive your assets after you die. The following list shows the reasons to consider estate planning:

Understanding Business Litigation

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When it comes to legal disputes, without the help of an attorney, it can be difficult to know what kind of disputes to look out for how they are handled. If you're curious about business litigation but aren't sure what kinds of cases might concern a business, here are three types to help you understand.

When to Hire a Divorce Attorney

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If you are looking into a divorce, you may wonder if hiring a divorce attorney is necessary. Perhaps you want to save money, or you think you and your spouse are amicable enough not to involve lawyers. However, the answer to when to hire a divorce attorney is almost always.

The Importance of Drafting a Last Will

464814-137053927.jpgDeath is an inevitable part of the circle of life. It is the one thing that no one can avoid. Rather than leaving your family in dire straits, it is prudent to plan ahead by drafting a will. Most people think that wills are merely to ensure that their assets are distributed evenly, but having a will in place can do so much more.

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Panama City, FL 32401

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