Category Archives: distribution of property in divorce.
What to do Financially in a Florida Divorce?
Although no one plans on getting divorced, life happens. Between understanding laws, assessing your finances, getting professional help, building toward a secure financial future, and considering all the parties involved, it can get financially messy. If you find yourself needing guidance through your divorce, follow these steps to cover your bases and protect your… Read More »
Is Florida A 50/50 State In Divorce?
It is not uncommon for people to assume that when they get a divorce, each spouse will receive half of all the property they own with their spouse. This is not how the division of property works in Florida, though. Marital property is divided in half only in states that follow community property law,… Read More »
Who Leaves The House In a Florida Divorce?
Regardless of the circumstances surrounding it, divorce is always an extremely stressful process. You may not want to continue living in the same home as your spouse, and you may be considering leaving, or asking them to. Whether or not you or your spouse decides to leave the home is largely up to you…. Read More »
Who Gets The House in a Florida Divorce?
The divorce process in Florida involves many different processes. One of the most contentious is dividing property. Property division hearings are some of the most stressful for people, as they imagine what belongings they may lose. Of all the assets people are concerned about, one of the biggest is the marital home. A home… Read More »
How Digital Currency Can Complicate Divorce
The way money moves around the world has changed dramatically over the past few decades, and nowhere is this technological advancement more evident than in the area of digital currency. Bitcoin is the most well-known and exists solely online without any regulation. This means the value can fluctuate wildly, but also that it is… Read More »
Dividing Military Benefits in Divorce
Time away from loved ones, and sporadic communication, are common features of military personnel serving on active duty. Times of separation are hard on any spouse, and an unfortunate side effect of this situation is the higher rates of divorce among those in the military. While military service typically pays less than one could… Read More »
What’s Mine is Mine…Right?
One of the standard tasks in any Florida divorce involves separating the couple’s property. In some cases, the parties are able to accomplish this by agreement; that is, they determine themselves which one of them will take a particular piece of property. Where there is no agreement, the judge hearing the divorce action will… Read More »
Can a $1 Billion Divorce Settlement be Disappointing?
With the median wealth for an American household at roughly $90,000, a satisfying divorce settlement may be in the tens of thousands of dollars (or more or even less, depending on the situation). Many people may be blown away when they hear of celebrity divorce settlements worth millions of dollars and that include vacation… Read More »
What Happens when a Divorcing Couple Owns a Business?
When a couple divorces, Florida law requires that all of their marital property is divided equitably between them. Some types of assets and property are easier to divide than others. For example, liquid assets in bank accounts may simply be split between the spouses. However, other marital property, such as the family home, furniture,… Read More »
What if a house that my wife and I own is not included in the divorce?
When people are married and they purchase a house together, the house is automatically titled as tenants in the entirety, which means that each party owns the entire house and this is referred to as an undivided interest in the property. Both have the right to occupy it and use the property and they each… Read More »
