Category Archives: Property Distribution
Interspousal Gifts
When a couple is unable to come to an agreement about the division of certain assets, family courts will step in and divide the parties’ marital property equitably. Equitably, however, does not always mean that the assets will be divided equally, as courts take a number of different factors into consideration before making a… Read More »
Marital Property vs Separate Property
In some situations, property division is the most difficult part of a divorce, especially for couples who do not have a valid prenuptial agreement in place or who are unable to come to an out-of-court settlement. In these cases, it is often necessary for a court to step in and divide the property in… Read More »
The Importance of Proper Asset Valuation
One of the easiest ways to divide marital property during a divorce is to come to an out-of-court agreement. Unfortunately, this is not always possible, in which case, a court will be required to step in and divide the property fairly, or equitably between the parties. However, this does not necessarily mean that assets… Read More »
The Complications of High Asset Divorces
When going through a divorce, the process of dividing property, assets, and other personal belongings can result in a stressful and contentious situation. It is likely that there are certain pieces of property that both parties desire and are reluctant to relinquish control of. This dilemma is often taken to a new extreme during… Read More »
How to Ensure a Fair Divorce Settlement
Each year roughly, 80,000 couples go through a divorce in the state of Florida. When a marriage is on the brink of collapse, several things may begin to take place. In certain cases, one of the individuals may scramble to try to save the relationship; meanwhile, in other instances, one or both partners may… Read More »
Distribution of Wealth During A Divorce
One of the main concerns individuals face when going through a divorce is ensuring that they are being treated fairly during the allocation of financial resources. People are well aware of the common narrative of a couple going through a divorce and one person taking “all” their ex-spouse’s money. While this may be a… Read More »
Division of Property in Marital Dissolution in Florida
In the state of Florida, the first step in dividing property during a dissolution of marriage is to identify and separate out each spouse’s non-marital assets and liabilities. Once this is done, the court will have a clear view of the assets and liabilities which are to be divided between the couple. As a… Read More »
Choosing a Valuation Date in Florida Divorce & Property Distribution
Valuation is key aspect of the distribution of marital assets when a marriage is dissolved. Obviously, the court must identify and place a value on those assets before they are distributed (equitably, in Florida). While this basic concept makes sense to most people, there are first some key decisions that need to be made… Read More »
Critical Steps to (Financially) Prepare for Divorce
The process of getting divorced can be emotional enough on its own without also having to go through additional stress related to the financial aspects of the process. However, there are some steps that accounting experts suggest doing early on in order to protect yourself and ease your mind when it comes to managing… Read More »
Property Division & Complex Estate Planning
Most-everyone has heard of a prenuptial agreement, and, of course, that during divorce, property division must be dealt with. However, many people do not realize that many divorcing spouses enter into what’s called a property (or “marital”) settlement agreement, whereby they agree and stipulate exactly how that property will be divided. While many people… Read More »
