Under Florida law, while marital property is subject to equitable distribution in a divorce action, separate property is not; instead, it remains the property of the spouse to whom it belongs. Challenges in determining the nature of property can arise, however, when a party mingles separate and marital assets, as illustrated in a recent Florida divorce action in which the parties disagreed over whether a boat was a marital asset subject to equitable distribution. If you wish to seek a divorce, it is prudent to talk to a Miami divorce lawyer to determine how the end of your marriage may impact your property rights.
History of the Case
It is reported that the husband and the wife were married for eighteen years. After the court issued a final judgment of dissolution, the wife filed an appeal, arguing in part that the trial court erred in determining that a boat was the husband’s separate property for the purposes of equitable distribution.
Separate Versus Marital Property
On appeal, the court adopted the wife’s reasoning and reversed the trial court ruling. The court noted that the trial court determined that the boat in question was the husband’s separate property because the husband paid for it with funds he received from his father’s trust. The wife argued, however, that the husband could not prove that the boat was a separate asset because it was bought with money that was commingled with marital funds in the couple’s joint bank account. Continue reading ›