Navigating A Difficult Job And Housing Market After A Fort Lauderdale Divorce
Getting a divorce in Fort Lauderdale offers the chance to make a fresh start, but one of the biggest challenges newly divorced individuals face is regaining their financial stability.
In Broward County, home prices have risen dramatically, and employment trends are constantly shifting, which can be overwhelming when trying to rebuild your life. Our Fort Lauderdale divorce attorney offers strategies for navigating challenging job and housing markets and reclaiming your financial security.
Housing and Job Markets Pose Challenges To Divorce Recovery
Recovering from a Fort Lauderdale divorce is rarely easy, but problems in local, state, and national housing and job markets can make it even more difficult. The National Association of Realtors reports housing prices in Florida have risen by over 40 percent in the past three years.
Meanwhile, U.S. Bureau of Labor Statistics data shows that while the state unemployment rate is low, job security and wages in Florida do not always align with the high cost of living in cities like Fort Lauderdale.
Unfortunately, these conditions create additional challenges in the already difficult divorce recovery process. Common issues you are likely to face as a result include:
- Having to re-enter the workforce;
- Having to find ways of increasing your current income;
- Being able to afford appropriate housing in your area;
- Rebuilding your credit and managing debts;
- Keeping up with child care costs if you are a divorcing parent;
- Planning for retirement, particularly if you were relying on your spouse’s pension.
Protecting Your Financial Security During A Fort Lauderdale Divorce
Financial recovery after a breakup is not easy. Under the Florida Statutes, you are entitled to a fair share of marital property and assets, which includes homes, cars, furniture, money in bank accounts, and retirement funds. You may also be entitled to alimony, which can help supplement your income while you adjust to your divorce and child support payments, ensuring children from the marriage are provided for.
Getting the maximum amount in a settlement protects your financial security after a Fort Lauderdale divorce. Other strategies that help in making a fresh start while navigating difficult job and housing markets include:
- Calculate current income and expenses and create a reasonable budget;
- Determine what is needed moving forward to live the life you want;
- Work on rebuilding your credit rating;
- Research in-demand job skills and update your resume;
- Explore remote work options to reduce child care and transportation expenses;
- Consider downsizing or relocating to an area with more jobs in your industry, more affordable housing, or other supports.
To Discuss The Options, Contact Our Fort Lauderdale Child Time-Sharing Attorney
Rebuilding your life after a divorce in Fort Lauderdale is never easy, but difficult housing and job markets make it even more challenging. Getting what you are entitled to in a divorce settlement plays a key role in your recovery.
Fort Lauderdale divorce attorney Sandra Bonfiglio provides the fierce, professional legal service you need to get the maximum amount you deserve. To discuss potential options, contact our office and request a consultation today.
Sources:
nar.realtor/research-and-statistics
bls.gov/eag/eag.fl.htm
leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0000-0099/0061/0061.html
