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April 2018 Archives

The importance of fiscal literacy while married

Historically, wives in Florida and throughout the United States have allowed their husbands to make most of the family financial decisions. This tends to be true regardless of how old a married woman may be. According to a recent survey from UBS Global Wealth Management, 61 percent of millennial women let their husbands make the investment decisions for their households. However, the rise in divorce rates for those 50 and older may force more women to reconsider their financial futures.

Extra effort needed to help children cope with divorce

When divorces in Florida involve children, parents must take into account additional emotional challenges. A family therapist with 25 years of experience advises divorcing parents to focus on the well-being of their children and insulate them from the adult issues that ended the marriage.

Modifying parenting plans in hostile situations

Divorced parents know all too well the stress involved with juggling child custody and visitation schedules. When parents divorce, many outline a parenting plan agreement that sets forth specific schedules, expectations and other provisions regarding time spent with the child after the separation.

OCSE to improve child support collection process

Payroll deductions account for 75 percent of the $33 billion in child support payments collected every year in the United States. Florida parents who depend on employer participation to get their court-ordered payments will be pleased to learn the federal agency in charge has taken steps to increase efficiency and improve processing times for recipients.

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