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Financial Considerations for Property Division
People who are going through a divorce have to divide everything that they amassed during marriage. If they have a prenuptial agreement in place, that’s what they’ll follow. If there’s no prenuptial agreement, they have to work out the property division agreement.
One of the biggest adjustments during a divorce is learning how to take care of bills on a single income. Figuring this out quickly is imperative because it can have a primary role in the property division process.
Write out a realistic budget
Before considering anything related to property division, it’s best to have a realistic budget set. It should be based on realistic figures, including income and bills. Because there are extra expenses with divorce, those must be included in the budget. These might include the marital debts that aren’t paid by asset liquidation.
While some people going through divorce will receive child support or alimony, it’s best to avoid putting those in a budget. There’s always a chance that these payments will be delayed or not ever show up.
Consider the comprehensive costs
Some assets have ongoing expenses that have to be considered. For example, the marital home may have a mortgage, insurance, upkeep costs and property taxes. Because the comprehensive costs of some assets can add considerably to the budget, it’s best for divorcees to learn about them before accepting a settlement.
The property division process can be complex, especially for people who have considerable assets. Thinking logically about these decisions may make them easier. It may also be beneficial to work with someone familiar with this process that can help divorcees to make decisions in their best interests.

CONTACT: Aislynn Thomas-McDonald
PHONE: (305) 503-0850
EMAIL: athomasmcdonald@kelleykronenberg.com
About Aislynn Thomas-McDonald and Kelley Kronenberg
Aislynn Thomas-McDonald serves as Partner and Business Unit Leader at Kelley Kronenberg, where she focuses on family law and probate matters. Her comprehensive practice encompasses divorce, paternity, timesharing, child support matters, adoption, collaborative divorce, wills and trusts, guardianship, and elder law. Prior to joining Kelley Kronenberg, Aislynn established herself as a respected family law practitioner, earning an AV® Preeminent™ Peer Review Rating by Martindale-Hubbell®.
Aislynn strives to provide concierge support to her clients through understanding their objectives and goals, advising them honestly about the best course of action. She works to resolve issues without proceeding to litigation and then will advocate zealously when a case does move in that direction. Her commitment extends beyond legal practice through extensive community involvement and advocacy for domestic violence awareness, children’s legal advocacy, and women’s rights.
- Divorce and legal separation
- Child custody and timesharing
- Child support and alimony
Prenuptial and postnuptial agreements
- Adoption
- Collaborative divorce
- Domestic violence protection
- Paternity matters
By joining Kelley Kronenberg, Attorneys at Law, in 2025, Aislynn is able to continue offering concierge legal service with the resources of a full-service large law firm. This combination provides clients with personalized attention backed by comprehensive legal resources and support.
Aislynn is dedicated to providing top-quality legal services to residents throughout South Florida and the Florida Keys. Her practice is based in Miami and serves clients throughout the region with both local expertise and broader legal resources.
To schedule a consultation with Aislynn Thomas-McDonald at Kelley Kronenberg, contact their Miami office. During your initial consultation, she will evaluate your specific situation, explain your legal options, and develop a strategy tailored to your unique circumstances and goals.
Throughout every case, Aislynn demonstrates sensitivity to both the emotional and legal challenges her clients are facing and works to reach terms that are agreeable to all parties. Your first meeting will focus on understanding your situation, discussing your objectives, and outlining potential paths forward with honest, practical advice.
Yes, Aislynn Thomas-McDonald is experienced in collaborative divorce, which offers couples a way to resolve their differences outside of traditional litigation. This approach focuses on cooperation, open communication, and finding mutually beneficial solutions while minimizing emotional and financial costs.
As a full-service law firm, Kelley Kronenberg provides access to specialists across multiple practice areas when family law cases involve complex financial matters, business valuations, tax implications, or other specialized legal issues that may arise during divorce or estate planning proceedings.
People who are going through a divorce have to divide everything that they amassed during marriage. If they have a prenuptial agreement in place, that’s what they’ll follow. If there’s no prenuptial agreement, they have to work out the property division agreement.
One of the biggest adjustments during a divorce is learning how to take care of bills on a single income. Figuring this out quickly is imperative because it can have a primary role in the property division process.
Write out a realistic budget
Before considering anything related to property division, it’s best to have a realistic budget set. It should be based on realistic figures, including income and bills. Because there are extra expenses with divorce, those must be included in the budget. These might include the marital debts that aren’t paid by asset liquidation.
While some people going through divorce will receive child support or alimony, it’s best to avoid putting those in a budget. There’s always a chance that these payments will be delayed or not ever show up.
Consider the comprehensive costs
Some assets have ongoing expenses that have to be considered. For example, the marital home may have a mortgage, insurance, upkeep costs and property taxes. Because the comprehensive costs of some assets can add considerably to the budget, it’s best for divorcees to learn about them before accepting a settlement.
The property division process can be complex, especially for people who have considerable assets. Thinking logically about these decisions may make them easier. It may also be beneficial to work with someone familiar with this process that can help divorcees to make decisions in their best interests.
CONTACT: Aislynn Thomas-McDonald
PHONE: (305) 503-0850
EMAIL: athomasmcdonald@kelleykronenberg.com
About Aislynn Thomas-McDonald and Kelley Kronenberg
Aislynn Thomas-McDonald serves as Partner and Business Unit Leader at Kelley Kronenberg, where she focuses on family law and probate matters. Her comprehensive practice encompasses divorce, paternity, timesharing, child support matters, adoption, collaborative divorce, wills and trusts, guardianship, and elder law. Prior to joining Kelley Kronenberg, Aislynn established herself as a respected family law practitioner, earning an AV® Preeminent™ Peer Review Rating by Martindale-Hubbell®.
Aislynn strives to provide concierge support to her clients through understanding their objectives and goals, advising them honestly about the best course of action. She works to resolve issues without proceeding to litigation and then will advocate zealously when a case does move in that direction. Her commitment extends beyond legal practice through extensive community involvement and advocacy for domestic violence awareness, children’s legal advocacy, and women’s rights.
- Divorce and legal separation
- Child custody and timesharing
- Child support and alimony
Prenuptial and postnuptial agreements
- Adoption
- Collaborative divorce
- Domestic violence protection
- Paternity matters
By joining Kelley Kronenberg, Attorneys at Law, in 2025, Aislynn is able to continue offering concierge legal service with the resources of a full-service large law firm. This combination provides clients with personalized attention backed by comprehensive legal resources and support.
Aislynn is dedicated to providing top-quality legal services to residents throughout South Florida and the Florida Keys. Her practice is based in Miami and serves clients throughout the region with both local expertise and broader legal resources.
To schedule a consultation with Aislynn Thomas-McDonald at Kelley Kronenberg, contact their Miami office. During your initial consultation, she will evaluate your specific situation, explain your legal options, and develop a strategy tailored to your unique circumstances and goals.
Throughout every case, Aislynn demonstrates sensitivity to both the emotional and legal challenges her clients are facing and works to reach terms that are agreeable to all parties. Your first meeting will focus on understanding your situation, discussing your objectives, and outlining potential paths forward with honest, practical advice.
Yes, Aislynn Thomas-McDonald is experienced in collaborative divorce, which offers couples a way to resolve their differences outside of traditional litigation. This approach focuses on cooperation, open communication, and finding mutually beneficial solutions while minimizing emotional and financial costs.
As a full-service law firm, Kelley Kronenberg provides access to specialists across multiple practice areas when family law cases involve complex financial matters, business valuations, tax implications, or other specialized legal issues that may arise during divorce or estate planning proceedings.
