Property Buyouts vs. Asset Selling in Florida Divorce – Pt. 1
Key Highlights Equitable Distribution: Florida follows an "equitable distribution" rule. This means marital assets and debts are shared fairly in a divorce but not always in half. Marital property: Marital property usually includes things earned during the marriage. It does not matter who owns the title. Non-Marital Assets: Non-marital assets, like inheritances or property owned before the marriage, are usually not shared. Fairly Divide Property: Courts consider several factors to fairly divide property. This includes what each spouse contributed during the marriage. Prenuptial Agreements: Prenuptial agreements can significantly change how property division works. They state what each person wants before...