Category Archives: Property Division
Inheritance And Divorce In Florida
Most married couples don’t receive inheritances jointly. Instead, one spouse will usually receive a bequest as an individual. If the couple later divorces, this inheritance will most likely remain in the sole possession of the original heir. Furthermore, these amounts could also end up playing a role in a court’s decision regarding whether someone… Read More »
Do I Still Have To Pay Off Marital Credit Card Debt If The Card Isn’t In My Name?
One of the most common questions we receive from couples who are initiating the divorce process is who will be responsible for paying off credit card debt incurred during the marriage. This often proves to be an especially pressing concern for those who weren’t responsible for taking out the card. In most cases, the… Read More »
The Consequences Of Hiding Assets During Divorce
While many divorces go relatively smoothly, with little contention between the parties, this is not always the case. In fact, divorce can bring out the worst in people, especially when it comes to splitting up assets. Sometimes, a spouse may even attempt to rob the other of a fair property settlement by hiding or… Read More »
Do I Have To Share My Inheritance After Divorce?
Deciding who will retain which assets after divorce often proves to be one of the most complex aspects of ending a marriage, with both parties wishing to keep what is rightfully theirs. In Florida, couples are generally required to divide all of their marital assets, or property acquired during the marriage, equitably. This is… Read More »
Avoiding Fights Over Property Division During Divorce
Whatever led to the breakdown of your marriage, the reality is that getting a divorce will change your life in drastic ways. Issues surrounding property division can cause the greatest amount of stress, as how they are resolved can have a significant impact on a person’s financial status upon divorce. Fortunately, there are things… Read More »
Dealing With Cryptocurrency During Divorce
While cryptocurrency used to be considered a fringe technology by many, this is no longer the case. Rather, cryptocurrency is treated as a real asset that can be used by companies, investors, and banks. Digital currency, like any other asset, is divisible upon divorce, so if you or your spouse own cryptocurrency and you… Read More »
How Are LLCs Treated In Divorce?
There are a number of factors that dictate whether or not a divorce will be particularly contentious. A couple’s willingness to negotiate and general ability to get along, for instance, is a major determining factor in how long a divorce will take and whether the parties will need to litigate the case. The types… Read More »
Factors That Could Affect How Your Assets Are Divided During Divorce
Obtaining a divorce is rarely a completely painless process. There are certain aspects of divorce, however, that tend to be particularly complicated. Deciding how to split up marital assets, for instance, is notorious for causing disagreement and conflict. Having a thorough understanding of the facts that could affect how your own assets are distributed… Read More »
Do Assets Acquired After Filing For Divorce Qualify As Marital Assets?
The answer to this question is more complicated than it seems, as Florida courts generally use three dates when classifying marital assets and debts. The first is the date on which the parties executed a separation agreement, while the second is the date agreed upon by the parties in such an agreement. If, however,… Read More »
Three Divorce Tips For Florida Business Owners
For business owners, divorce often comes with an additional layer of legal complexity. Couples will, for instance, only be able to finalize their divorce when they have decided who will retain the asset and if both parties’ want to retain an interest in the company, who will be responsible for managing it. This process… Read More »
