Will I lose half my savings in a divorce?
Under Florida divorce law, marital property is subject to equitable distribution. Marital property includes almost anything acquired during the marriage, including the savings from one spouse. Therefore, you should contact a lawyer for advice on how to save your money.
What to do if spouse empties the bank account?
You should contact an attorney right away to pursue legal action to have the funds returned. Additionally, you should consider changing the bank account where your wages are directly deposited to prevent further theft.
Is an appraisal necessary in a divorce?
A professional appraisal can be very helpful if the two parties disagree on the value of the home. The judge will likely defer to the professional appraisal when determining the property’s value. The tax collector’s assessed value may not be a true indicator of the home’s value.
Will a prenuptial agreement protect my assets?
A prenuptial agreement can allow you to modify certain provisions of Florida divorce law to better fit your specific circumstances. A well-executed Florida prenuptial agreement will allow you to set forth the terms of the divorce. Rather, than a judge dictating the distribution of your assets and the amount of spousal support awarded.
Are student loans divided in Florida divorce?
Generally, student loan debt incurred during the marriage is a marital liability and subject to equitable distribution. Therefore, the debt will be equally divided be unless there are factors that would make an equal split inequitable.
Who keeps the pets in a divorce?
Under Florida divorce law, the court will not allow for any time-sharing orders of pets. Instead, one of the parties will have sole ownership of the pet. If the party with sole ownership decides to share time with the pets, it will be at his or her own discretion.
What happens to the home in a divorce?
Typically, there are three options for the home in a divorce. First, you keep the property and buy out the other parties’ equity. Secondly, the other party keeps the property and will buy out your equity. Thirdly, the home can be sold and the sale proceeds get divided.
Are debts divided in a divorce?
Yes, debts acquired during the marriage are typically treated as marital property in Florida divorce cases. Therefore, debts will be divided 50/50, unless there are reasons why an equal split would be inequitable (unfair).
How is property divided in a divorce?
Under Florida divorce law, all marital property is subject to an equitable distribution. Typically, the court will divide marital property 50/50, unless there are reasons why an equal split would be inequitable (unfair).
Is property I had prior to marriage divided in a divorce?
Generally, property acquired prior to the marriage is not divided in a divorce. However, if the property has been comingled with marital property it may be divided and subject to equitable distribution in the divorce.
