Category Archives: Property Division
Can I Be Held Responsible For A Former Spouse’s Student Debt?
One of the most common questions we hear from divorcing couples is whether both parties will be held equally responsible for paying off one person’s student debt once the divorce has been finalized. The answer to this question will vary depending on the specific circumstances of a couple’s case. In some instances, both parties… Read More »
Tips For Reaching A Property Division Settlement Outside Of Court
Whether a couple can reach an agreement on how to divide their assets without court intervention will depend on the particular circumstances of the family involved. If, for instance, a couple has a relatively amicable relationship, then it is entirely possible that, with the help of attorneys, they would be able to come up… Read More »
Identifying Hidden Assets During Divorce
When a couple decides to divorce in Florida, both will be required to provide full financial disclosures to the other. These disclosures help ensure that both parties are aware of the entirety of the other’s assets and debts, which in turn, helps ensure that any eventual property settlement is fair. Unfortunately, not all spouses… Read More »
Creating An Inventory Of Your Marital Assets
Dividing assets during divorce can be a daunting prospect. Fortunately, there are steps that couples can take to help make the process easier, including creating an accurate inventory of both their marital property and their separate assets. The former should include all assets acquired during the marriage, regardless of which spouse purchased or received… Read More »
What Is Equitable Distribution?
Each state has its own system for dividing up a couple’s property upon divorce. Some states, for instance, use a community property standard, which means that divorcing couples must split all of their marital assets 50/50. Florida, on the other hand, adheres to the equitable distribution standard, under which couples receive a fair and… Read More »
Obtaining A Divorce In An Expensive Housing Market
The real estate market is constantly fluctuating, which can put couples in a tough spot when it comes to dividing real estate during divorce. Low inventory and an increase in housing prices in Florida could, for instance, encourage divorcing parties to sell, or could make them wary of doing so out of fear that… Read More »
The Role Of Financial Disclosure Forms In Your Florida Divorce
In Florida, couples who are seeking a divorce must submit certain financial information to the court before their dissolution proceedings can move forward. Both spouses must, for instance, complete a Family Law Financial Affidavit, which helps make the divorce process as transparent as possible not only to the court, but to the parties involved…. Read More »
What Is Marital Property?
When it comes to divorce in Florida, there are specific laws that govern what does and does not qualify as marital property. This is an important distinction because under state law, it is only marital assets and not separate property that must be divided equitably upon divorce. Read on to learn more about what… Read More »
A Few Questions To Ask When Deciding The Fate Of The Marital Home During Divorce
There are a lot of different things that couples need to discuss when they decide to file for divorce, one of which is who (if anyone) will remain in the marital home. While putting a home up for sale and dividing the equity often proves to be the best choice for divorcing couples, there… Read More »
Dividing A 401(k) Account During Divorce
Splitting up marital assets often proves to be one of the most difficult aspects of divorce, especially when the nature of those assets is complex. For example, 401(k) accounts are often held by only a single spouse, but could still be subject to division upon finalization of their divorce. Fortunately, there are a number… Read More »
