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marital assets

Recent Posts in marital assets Category

  • When Can Your Spouse Lay Claim to Your Separate Property?

    When a couple seeks a divorce in Florida, their assets and debts are divided according to the principles ofequitable distribution. That means each spouse keeps their separate property, and marital property is divided in a manner the court considers fair, but not necessarily equally. So, you should have the right to keep all of your separate property: these consist of the assets you acquired before ...
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  • Beware of Hiding Assets When Going Through a Divorce

    When a couple gets divorced, both parties must take certain steps to divide their shared marital assets. This can be a time-consuming and expensive process, and sometimes one or both spouses begin to feel some degree of resentment. They may feel like they are losing the results of their hard-earned financial success or that their former partner is trying to take more than he or she deserves. In ...
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  • When is a Business a Marital Asset?

    Closely held businesses are among the most complicated assets to deal with during a divorce proceeding. In addition to the obvious issues of valuation — and the difficulty inherent in distributing a business in kind — special issues can arise when the formation of such a business predates the marriage. This can frequently cause parties on both sides to misunderstand the degree of interest they may ...
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  • How Professional Degrees and Licenses Affect Divorce

    Distribution of marital property during divorce in Florida is equitable — but not necessarily equal. A number of factors may cause courts to slant equitable distribution in favor of one spouse or the other. One such factor is the attainment of educational degrees or professional licensure by one spouse — and the degree to which the other spouse made that possible. Section 61.075 of the Florida ...
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  • When Fault Matters in Divorce

    Florida is a no-fault divorce state, which means that couples do not need to prove fault in order to obtain a divorce. Instead, couples must simply demonstrate that their marriage is irretrievably broken. But what if one spouse is really at fault? Does the innocent spouse have any recourse? Even though a determination of fault is not necessary to obtain a divorce in Florida, the issue of fault ...
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  • Costly Divorce Mistakes To Avoid

    When getting a divorce, many people express regret at mistakes they may have made in the past. It is important not to make any other typical mistakes in your settlement as well. Mistakes in divorce settlements can be very costly and add financial stress to your already complex life. It is important to have an experienced and knowledgeable advisor help guide you through this process. Here are some ...
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  • Should I Move Out?

    Reality TV personality Bethenny Frankel and her “separation” from her husband wasn’t so separate. The two continued to share the same four-bedroom New York City apartment five months into their bitter divorce. Frankel’s awkward situation shows that all kinds of couples going through a divorce can have trouble dealing with the former marital home. The first thing to consider when deciding to stay ...
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