Many different decisions must be made when you are going through a divorce. One of these is what you are going to do with the marital home.
When a loved one leaves a person something in an estate, the chances are good that he or she meant for that individual to have the assets. If the person is married or gets married and that ends in divorce, the discussion about what will happen to the inheritance might come up.
When you're getting a divorce, some things seem easier to figure out than others. Property division, even when you don't think you have much to divide, can end up being more complicated than you realize.
If you're about to be divorced in Florida and you have significant assets or land holdings, one term you need to be familiar with is "donative intent."
Military life is hard on families, and some families don't make it. When a military member goes through a divorce, there are some specific points that must be considered that aren't a part of civilian divorce.
Let's say you're a military service member on active duty and you were recently served your divorce papers. Does the Soldiers and Sailors Relief Act allow you to disregard your divorce?
If you are going through a divorce, one of your biggest logistical concerns will probably be the division of your property. Since couples tend to accumulate assets over the course of their relationship, the process of dividing those assets is often a complicated one. Each state has its own rules and regulations concerning property division and Florida is no exception. However, before you can reasonably consider how property will be divided, you must first understand the different types of property.
There are numerous financial issues to consider before filing for divorce. A couple may focus on divvying up their assets, but debts also need to be considered during the process. As an equitable distribution state, Florida courts do not necessarily divide marital property equally, but both assets and debts will be allocated in a manner in which the judge deems to be fair. Those with student loans might be expected to share in those obligations based on various criteria.
Today, many Florida couples are choosing to live together instead of getting married. While some do so as a stepping stone on the way to eventual marriage, others just don't feel like tying the knot. Some of these couples decide to purchase homes together, and there are reasons why they might not want to do so.
When a Florida couple obtains property during their marriage, the couple's decision of what to do with that property during a subsequent divorce can be complicated. Neither party should allow their emotions to control their decision. For example, if the marital house is too large for a single person and the couple has no children living at home, it may be a good idea for them to sell the property and divide the proceeds.