Category Archives: Property Division
Terminating Beneficiary Designations Upon Divorce
While life insurance policies help provide financial security to a policyholder’s loved ones upon his or her death, they can also cause confusion when a couple decides to divorce. For instance, many people choose to list close relatives like spouses as their beneficiaries on these policies. Although this can be advantageous during marriage, it… Read More »
Do I Need a Property Appraisal for My Home?
For many of us, our homes are one of our most valuable assets, which makes any determinations related to home ownership extremely important during divorce proceedings. Before deciding whether one spouse will be permitted to retain the exclusive use and ownership of the residence, how the other party will be compensated, or whether the… Read More »
Who Pays Student Loan Debt in a Florida Divorce?
In Florida, couples who decide to end their marriages must divide all of their marital assets in an equitable manner. This same rule applies to debts acquired by either party during the course of the marriage. Resolving debt division-related issues can become more complicated, however, when one of the parties has accumulated a significant… Read More »
Incurring Marital Liabilities
When divorce is on the horizon, it is not uncommon for couples to begin worrying about whether they will be held responsible for each other’s debts. In many cases, these concerns are valid, as debts, just like assets, must be divided between divorcing couples based on an equitable division standard. Essentially, this means that… Read More »
Will Keeping a Separate Bank Account Protect My Assets?
Many couples who get married decide to retain separate bank accounts, even if they do open a joint account to pay for living expenses, such as rent and utility costs. While this may seem like it would simplify the property division process upon divorce, the reality is that this is not always the case,… Read More »
Who Retains Interspousal Gifts After Divorce?
Florida is an equitable distribution state, which means that divorcing couples must divide all of their marital property in an equitable, or fair manner before their divorce can be finalized. In some cases, determining what qualifies as marital property is a simple process. However, this is not always true, so if you and your… Read More »
Do I Need a Forensic Accountant on My Divorce Team?
Financial issues are some of the most contentious that a couple will face during divorce. Fortunately, there is no need to grapple with these types of complicated matters on your own. In fact, most couples are specifically encouraged to avoid going this route, but to instead create a divorce team that is equipped to… Read More »
Avoid Making These Common Financial Missteps During Your Divorce
Dissolving a marriage is never easy, especially when it comes to splitting up the assets that a couple worked so hard to accumulate. Protecting these assets is more important than ever when ending a marriage, as doing so is critical to ensuring that both parties receive a fair share of the marital property. Unfortunately,… Read More »
Liquidating Your Assets During Divorce
Couples who decide to get divorced in Florida are required to divide all of their marital property, or property that was acquired by either spouse during the marriage. In some cases, this involves one spouse retaining ownership of certain assets, while giving up ownership of others. It is also not uncommon, however, for divorcing… Read More »
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 »
