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Posts tagged "Property division"

Florida property division, ensure your inheritance remains yours

When couples marry, they rarely anticipate that they will one day be divorcing. However, as most Florida residents know, divorce can strike anyone. Florida is an equitable distribution state in which courts are guided by the principle of equity during property division matters. This means that marital property is divided fairly, but not necessarily equally. Fortunately, inheritances are usually considered as belonging to the person who received the inheritance, with the emphasis on usually.

4 questions to ask when deciding who gets the apartment

If you and your spouse live in an apartment in Florida, who gets to keep the apartment becomes a crucial point in the divorce process. This is especially true in areas where it's hard to find new apartments and where the property values have been constantly going up. To determine what rights you may have to it, ask yourself these four questions:

Do you need a postnuptial agreement?

While it may seem counter-intuitive — and even a little bit disconcerting to think about — it's important to discuss how you plan to divide your assets with your future spouse should the marriage end. Luckily, prenuptial agreements have made their way into mainstream America and are no longer reserved for the upper classes.

How a lawyer can help you with property division

Property division is one of the most important aspects of family law, but it is also one of the most complicated. The guidelines for dividing marital property, retaining separate property and dealing with comingled funds are lengthy and nuanced, and each case is open for a fairly large degree of interpretation.

Does my credit take a hit when the other person gets the house?

During property division negotiations, a divorcing couple often has to decide what to do with a home they own together. If the home is owned outright and there is no lender involved, the process can be simplified. Perhaps one person buys out the other person's interest in the home or someone gives up their interest in the home in exchange for other assets or an agreement about lower support payments.

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