Property purchased while married divides by fairness under Florida’s equitable distribution statutes. When only one spouse worked, a nonworking spouse may request a fair portion of a couple’s marital assets. Fairness, however, may not always reflect an even division....
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Property Division
Can one spouse buy out the other spouse to retain assets?
During a divorce, one of the most contentious processes is dividing property. You and your spouse will need to go through every asset you own that has value and is not personal property. You will have to decide who gets what. The Florida Statutes explain you must do...
What factors does the court use to divide property?
Property division in Florida occurs within the concept of equitable distribution. This does not mean an equal division but rather a fair division of property between you and your spouse. According to the Florida Statutes, the court will use a variety of factors to...
How do you divide your house during divorce?
When dealing with divorce, asset division often causes the most trouble. This is especially true if you have a large amount of assets, like multiple properties or bank accounts. Even one single house can cause you trouble, though. One of the first questions you may...
What struggles are unique to grey divorcees?
Across the board, divorce rates have continued on an upward trend in recent years. This holds true for almost every age group, including people aged 50 and up. If you decide to get a divorce while in that age bracket, you may hear the term "grey divorce" or "grey...
Can you get payment early during divorce?
Life does not stop when you file for divorce. You still have personal needs and desires. Unfortunately, these things cost money. Rather than make unnecessary sacrifices or strategic missteps, you might be able to go through official channels to get the money you...
Liability for student loan debt in a divorce
Unlike many debts consumers hold, a student loan debt is held in one person's name only even if the borrower is married at the time the loan is applied for and received. However, the mere fact that only one spouse's name appears on a student loan does not mean that...
What does marital property entail?
When you file for divorce in Florida, there are many issues you must negotiate before finalizing the divorce settlement. For some couples, dividing marital property may be one of the most complicated and overwhelming. Although determining who should receive what can...
What are signs a spouse may be hiding assets?
If you and your spouse decide to end your marriage, you would want your separation to be as honest and transparent as possible. But some spouses recoil at the thought of handing over assets as part of property division and will try to hide as much as they can. To help...
Will a separate bank account protect my money in a divorce?
It is becoming more common for married couples to keep separate bank accounts instead of creating a joint account. It seems to be a trend for younger couples who like to keep finances separate and each maintain control over their own money. However, if you have...
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