Category Archives: Asset Distribution
High Net Worth Divorce Blues
Another Miami power couple has announced their divorce; it seems like a common occurrence here. Miami Heat head coach Erik Spoelstra and his wife Nikki recently announced that they have filed for divorce after seven years of marriage. Erik Spoelstra has been a coach for the Miami Heat for 16 seasons, contributing to more… Read More »
What Happens if My Ex Hides Assets During our Florida Divorce?
It’s no secret that many divorces are contentious, but some spouses make the entire process worse. Some unscrupulous people attempt to hide assets from their spouse in hopes they won’t be subject to distribution during the divorce. This is not only illegal, but it can result in serious consequences. How to Uncover Hidden Assets… Read More »
What to Know About Dividing a Business in a Divorce
During a divorce, both assets and liabilities will be divided between the spouses. This process is called equitable distribution. The court will determine which assets are marital property and which ones are separate property, and then they distribute marital assets between the parties. If you own a business with your spouse, this will be… Read More »
Do you Have to Give the Engagement Ring back in Florida?
One of the most common questions when a couple breaks up is who gets to keep the engagement ring? Does the recipient have to give it back to the giver? What about if the break up occurs after they are already married? Much like other jurisdictions, Florida considers engagement rings to be a conditional… Read More »
Why Forensic Accountants are Important in a Divorce
Divorces are already a difficult and emotional process, without the added challenge of trying to agree on asset division and ensuring your soon-to-be ex-spouse is not misrepresenting their income or hiding other marital assets. It may seem like it should be a fairly straightforward process; however, some unscrupulous spouses may start hiding assets when… Read More »
Division Of Student Loan Debt In A Divorce
As a general rule, debts incurred during a marriage are treated just like assets acquired during the marriage and divided equitably between the spouses in a divorce. When it comes to student loan, it may surprise spouses who are going through a divorce to learn that they may both be responsible for paying the… Read More »
Personal Injury Awards And Workers’ Compensation As Marital Property
Most funds that are paid or received by a spouse while still married are often considered marital property and subject to being divided in a Florida divorce through equitable distribution. There are exceptions to this general rule depending on the source of the funds, and whether there are other agreements in place, for example… Read More »
Hiding Marital Assets In A Florida Divorce
As part of the equitable division of marital property that happens when a couple goes through a divorce in Florida, each spouse has to make a financial disclosure of all assets. Some people do not always want to cooperate with this disclosure or to share all their assets with their soon to be ex-spouse…. Read More »
Dividing A Business After A Florida Divorce
One marital asset that can prove to be difficult to divide in a divorce is ownership interest in a business. Whether a couple owns and runs a business or simply owns an interest in the business, if the interest in the business qualifies as a marital asset, it has to be divided along with… Read More »
Selling Your Home While Going Through A Divorce
For a couple, agreeing on when to put a house up for sale can be difficult because they may not agree on what time best suits the family and takes advantage of a good market. When the couple is going through a divorce, making this decision becomes more difficult. Divorce brings in more issues… Read More »
