How Will Divorce Affects My Properties Acquired Before and During Marriage?
Marriage is the legal union of a couple that directed all properties acquired during the marriage to be owned by both spouses, thus, deemed as marital properties. Florida law is equitable and it always ensures the fair distribution of properties of the divorced couple during the dissolution of their marriage. This may seem simple yet an uncomplicated process of property distribution of the properties provided the subject properties are considered marital property. What is marital property? Marital properties are the personal and real properties as well as the improvements that took place during the marriage. It is deemed as enhancement whose value is attributed to the account of marriage, provided that such development has been carried out using the money from the savings of marriage. This concept is uncomplicated because when the premarital properties are improved that to effect increases the monetary value of the same property, the difference between the old property fair market v