The divorce process comes with many challenges, such as how to divide property. Property division can prove particularly complicated, especially when it comes to taxes. A common question facing individuals is whether assets are taxed during a divorce settlement. Here’s what you should know about how assets are classified in Florida...
Category: Property Distribution
Distinguishing Between Marital & Nonmarital Assets
Navigating the complexities of asset division during a divorce can be daunting, particularly when distinguishing between marital and nonmarital assets. Understanding these differences is crucial for ensuring a fair division of property and can significantly impact the outcome of a divorce settlement. This blog aims to clarify the distinctions between marital...
Reasons for Unequal Division
As an equitable distribution state, Florida courts attempt to divide marital property in a divorce so that the distribution is fair. That is the guiding principle. Equitable, however, should not be confused as equal. A fair division will not always be an equal division and vice versa. It is not uncommon,...
How Assets Are Valued in a Divorce
Pursuant to state law, Florida divorces require an equitable division of the marital assets between the spouses. Equitable means fair, which is not necessarily the same thing as an equal division of the assets. After it has been determined what assets are considered marital property and what are considered separate, the...
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What Property Distribution Issues Arise in a Florida Divorce?
One of the main things that will need to be addressed and resolved in a Florida divorce is property distribution. Within the issue of property distribution, other issues will naturally arise and need to be handled. This can be one of the more complex things that needs to be handled...
