How Can Spouses Divide Property In A Divorce?
Divorce is a hard time for former couples. Aside from the emotional fallouts and disappointments, property issues are also needed to be settled. For ex-couples who share many conjugal properties and investments, dividing such assets could be difficult and sometimes, can cause further misunderstanding.
Conjugal properties are any assets or possessions that couple brought into the marriage or invested together. Without the presence of any prenuptial agreement from the two parties, all properties are considered conjugal.
To further guide any former married couple going through or will go through the divorce process, here are the ways on how the division of properties must be done:
Identify The Marital And Non-Marital Properties Of The Marriage
Dividing properties of any divorce couples in Florida shall merit the identification of marital and non-marital properties. Once identified it would be easier for the court and the lawyers to grant the division of assets from both parties.
Non-Marital properties are those that are:
- Any assets or liabilities acquired as a gift or inheritance before the marriage
- Liabilities incurred where the other spouse forged his/her spouse’s signature without proper permission
- Assets that are excluded from the marital property
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