Category Archives: Property Division
Listing Your Assets & Debts
When it comes to preparing for divorce, creating a list of all of one’s assets and liabilities can play a key role in ensuring that the property division process goes as smoothly as possible. Unfortunately, documenting assets, both those acquired during a marriage and those obtained by either spouse before the marriage took place,… Read More »
The Difference Between Marital Gifts and Loans
Starting out as a newly married couple can be difficult, especially when it comes to finances. Recognizing this, many families step in and help out their loved ones financially in setting up their household or just settling into married life. These exchanges are usually given and received with gratitude and appreciation. The specifics, however,… Read More »
Defining Separate Property for Divorce Purposes
Florida requires divorcing couples to divide their marital assets in an equitable manner. This same requirement, however, does not apply to separate property, which includes assets acquired by the parties prior to their marriage. These assets, unlike marital property, will usually remain in the hands of the original owner, unless the court finds that… Read More »
What Documents do I Need to Provide During the Financial Disclosure Process?
When filing for divorce, Florida couples are required to complete a financial affidavit in which both parties are required to disclose all of their assets and liabilities. Providing this information is critical to ensuring that all of a couple’s assets are divided fairly and equitably. There are only a few situations where couples are… Read More »
Am I Abandoning My Marital Assets if I Move Out of the Family Home?
One of the most complicated issues with which divorcing couples are required to grapple is who, if anyone, will retain the family home after filing for divorce. This can be a difficult conversation, especially because a couple’s marital home is often their most valuable asset, so many spouses fear that if they move out… Read More »
Dividing Debt During Divorce
When a couple gets married, there’s a good chance that their finances already have, or will soon become, commingled to a certain degree. Whether this takes the form of purchasing a home together, opening a joint credit card account, taking out a car loan, or consolidating educational debt, taking these steps, while it may… Read More »
Inheritance and Property Division
In Florida, a married couple’s assets are divided into two categories: marital assets and separate property. The former generally refers to all property that is acquired by either spouse during the course of their marriage, while the letter is made up of assets that the parties brought into the marriage. When a couple decides… Read More »
Valuing Marital Assets
Florida is an equitable distribution state, which means that divorcing couples must divide all of their marital assets equitably upon the dissolution of their marriage. Ensuring that assets are properly categorized and appraised is crucial when it comes to making sure that divorce-related property settlement agreements are fair and equitable, so if you and… Read More »
What is a Fair and Equitable Property Settlement?
Property settlement negotiations usually play a large part in most divorces and while Florida’s requirement that property agreements be fair and equitable may seem relatively straightforward, this not always true. For instance, most people assume that equitable means equal, but when it comes to property settlements, assets are rarely divided 50/50. For help coming… Read More »
Finances and Divorce
Going through a divorce requires couples to grapple with their finances. This includes calculating not only assets and income, but also expenses and liabilities, which can be a complicated process, especially for those without assistance from an attorney or a team of financial experts. These calculations play a critical role when it comes to… Read More »
