Non-marital assets and liabilities are defined in Florida Family Law as 1) assets acquired and liabilities incurred by either party prior to the marriage, and assets acquired and liabilities incurred in exchange for such assets and liabilities; 2) Assets acquired separately by either party by noninterspousal gift, bequest, devise, or…
Articles Posted in Equitable Distribution
Property During A Divorce in Florida – How Do You Handle It?
What happens to real estate or property that you jointly own when you get a divorce in Florida? How does the Court handle your property when you and your spouse can’t agree on what to do? How can it be distributed between you and your spouse? In divorces, the court…
Considering Business Income in Divorce Cases in Florida for Equitable Distribution
You may wonder how Florida courts make a decision on what is income and what is not in divorce cases. In addition, you may wonder how business income is considered in divorce cases by the courts. The case of Marchek v. Marchek, 159 So.3d 1025 (2nd DCA 2015) gives a…
Divorce: Splitting Marital Debt
Marriage has long been described as the union of two people, which in the end gives rise to solidarity of purpose and existence, creating one stronger unit. With the emphasis put on the union, you can imagine that undoing the union is serious business. During divorces, emotions run high for…
Settlement Agreements in Divorce Cases
Most people have had buyer’s remorse from time-to-time. The moment a person realizes he or she has made a bad deal can be very disappointing. As a Jacksonville divorce lawyer, I can tell you that settlement agreements in divorce cases can leave a person feeling the same way. Marital settlement…
Divorce and Bankruptcy in Florida
Separation and Bankruptcy in Florida: Can I file without my spouse if we are separated? In addition to being emotionally draining for most people, divorces can cause a myriad of issues with the most substantial problems being financial issues. Sometimes couples split, but don’t legally divorce. Some states recognize legal…
Equitable Distribution = What is Equal?
Whether or not an asset is “marital” or “nonmarital” is often a key issue in a divorce. Marital assets are generally considered jointly owned by both husband and wife, and it is usually up to the court to decide how those assets will be distributed. Nonmarital assets, however, are considered…
Bubba the Love Spounge’s Alimony Obligation to Ex Wife
In September 2011, after 4 1/2 years of marriage shock jock, Bubba the Love Spounge Clem, filed for divorce from his wife, Heather Dawn the Love Spounge Clem, stating the marriage was “irretrievably broken and should be dissolved.” With Bubba having a net worth estimated to be in the millions…
Who Gets the Dog in a Florida Divorce?
When couples divorce people expect to hear about fights over who gets what car, who gets what house, etc… However, more and more divorcing couples are fighting over the family dog. Both Britney Spears and Drew Barrymore battled over custody of their respective pooches when divorcing. This is to be…
Is Your Spouse Hiding Marital Assets During Your Divorce?
A few weeks ago a report came out that Dmitry Rybolovlev, one of the 100 richest people in the world, had been accused of hiding close to $100 million dollars during his divorce. If you are in a situation involving such incredible wealth, you should seriously consider a prenuptial agreement,…