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.
