Sometimes people enter a marriage with pre-existing assets or debts. It could be a family heirloom such as your grand-mother’s ring or an IRS tax lien. These are known as non-marital assets. Marital assets and debts are generally those that have accrued during the marriage. A house that was purchased during the marriage with joint funds is an example of a marital asset. The mortgage that encumbers that brand new house is a marital debt. When parties divorce, those assets and debts must be valued and divided. This is a complex area that requires the understanding of the Florida laws that govern equitable distribution and will allow you to keep the property you are entitled to have by law.
Division of Assets and Valuation
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