Articles Posted in Equitable Distribution

Published on: | by

When going through a divorce, the #1 issue for most spouses is their minor children. In terms of inanimate objects, though, the most valuable asset with which most divorcing spouses must deal is the marital home. Obviously, one of the last things you want is to have your name on the mortgage if your spouse is the one remaining in the home after the divorce. No one wants to be attached to a debt for a home they have no legal right to occupy. There are ways to safeguard yourself financially, both before and during a divorce. One of those ways is by retaining a knowledgeable South Florida family law attorney to make sure you are fully protected.

Refinancing a marital home after a divorce can be a particularly tricky thing here in South Florida. Given the area’s tendency to undergo large fluctuation in home prices, the marital home you’re seeking to address may have a ton of equity, or it may be underwater (meaning you owe more than it’s currently worth.)

Often, when two spouses divorce, one will desire to keep the house. The other spouse, in order to protect him/herself, will insist that the spouse staying in the home refinance the outstanding mortgage loan to finance the property in the receiving spouse’s name only. However, given the complexities of the mortgage lending industry and the volatile value of South Florida real estate, refinancing may be easier said than done. So, you may wonder, what happens if your ex-spouse got the house, but your name is still on the mortgage? That was the quandary faced by one Palm Beach County spouse in his divorce case recently.

Continue reading ›

Published on: | by

When people think about the services that their skilled Fort Lauderdale divorce attorney provides, the first thing probably involves the attorney standing before a judge (or filing legal documents) to make strong and persuasive arguments that get the client to a successful outcome versus their ex-spouse or partner. Certainly, that is a big part of what your family law attorney does… but it isn’t everything. Another service is something that takes place outside court. That service is giving you the knowledgeable and unbiased advice you need to hear in order to be best equipped to make sound decisions about your case.

Take, for example, a misguided ex-husband from Kansas. D.O. and his ex-wife were involved in family litigation in a court in Iowa. The couple contested many issues, according to 850 WFTL, including property distribution, parental responsibility, timesharing and property taxes.

D.O., frustrated by the court filings submitted by his ex-wife’s lawyer, hatched a plan. He made a motion requesting permission “to settle his differences with his ex-wife by having a sword fight,” according to the report. Yes, that’s right… a sword fight… complete with authentic samurai swords imported from Japan. The husband’s motion for trial by combat stated his goal as hoping to “rend [the] souls” of his ex-wife and her lawyer “from their bodies.”

Continue reading ›

Published on: | by

Several experts recommend against doing business with family. A few years ago, CBS News published an article about “5 Dangers of Doing Business With Family and Friends.” Many times, though, the pull of familial love and the desire to help out a child, sibling or parent may overcome concern about those dangers.

So, what happens if you receive money from your parent while you’re married and then you and your spouse divorce? It depends of the specific facts, but many times, if that money is a loan, then it is a marital debt. If your spouse is trying to put you on the hook for paying 100% of the loan debt you received from your mom or dad, don’t give up. Fight back with a skilled and knowledgeable Fort Lauderdale divorce attorney.

That type of scenario actually happened to one Florida Panhandle man in his divorce case. During the marriage, the couple received $125,000 from the husband’s mother. The couple received that money after the wife, a real estate professional, discovered a condo she deemed to be a good investment and suggested that she, her husband and her mother-in-law go in on the condo together. The husband’s mother balked at buying an ownership stake in the condo, but instead allegedly decided to loan the couple $125,000 so that they could make the purchase.

Continue reading ›

Published on: | by

Typically, under most circumstances, assets and debts acquired during the time that a couple is married are considered by the law to be marital assets. That applies to student loan debt just the same as any other debt, generally speaking. There are, however, special circumstances that may make one spouse’s student loan debt acquired during the marriage non-marital debt or debt that is otherwise required to be distributed unequally.

In order to win that, the spouse seeking the unequal distribution (or classification of the debt as non-marital) must show the court that special circumstances exist. So, whether you’re arguing for a 50-50 division of the student loan debt or for some other type of distribution, you need to have on your side a skilled South Florida divorce attorney with an in-depth knowledge of Florida law and what that law requires in this kind of dispute.

A.T. was a Gainesville-area man with student loan debt who was going through a divorce case with his wife, N.T. During the time that the couple was married, A.T. incurred more than $10,000 in student loan debt. When the time came for the trial court to rule on the equitable distribution of the couple’s assets and debts, the court declared that the student loan debt was the husband’s non-marital debt and that he was 100% responsible for paying that debt.

Continue reading ›

Published on: | by

When you hear the phrase “marital gift,” it may call to mind poring over an engaged couple’s wedding registry to select just the right item (or items,) or perhaps bring back memories of sending out dozens (or even hundreds) or thank-you notes for the things you received at your own wedding.

What you may not know is that, in Florida law, “marital gift” has another meaning, and this other meaning may have a major effect on the division of your assets in the event of a divorce. Under this “marital gift” legal concept, it is possible for a non-marital asset to become part of your marital estate subject to equitable distribution in your divorce. What this should remind you is that divorce law is full of many subtleties, nuances and concepts probably unknown by even knowledgeable non-lawyers. That’s why, if you’re going through a divorce here in the Sunshine State, you need the experience of a skilled South Florida family law attorney on your side.

A recent case of a Brevard County couple is an example of divorce where a “marital gift” mattered a great deal. In the case, the couple had a marital home that was purchased with a mortgage and an $80,000 down payment. The $80,000 for the down payment came from a gratuity given to the husband by a former employer, as a “thank you” for services he had performed prior to the husband’s marrying the wife.

Continue reading ›

Published on: | by

Sometimes, success in your case is about the facts, sometimes it’s about the law, sometimes it’s about the rules of court procedure and sometimes it’s a combination of the above. That is one reason among many why it pays to have skillful South Florida family law counsel on your side fighting for you. You know the facts of your case, but you probably don’t know all the details and specifics of Florida law or of Florida’s procedure rules. Your skilled attorney can help you make sure that the case you put on is the strongest one possible.

Your attorney can also help you spot problems that occur in your case. Sometimes, the judge in your case may do something the law doesn’t allow. Even if it was harmful to you, it very possibly was something that you did not know was impermissible. Again, having a knowledgeable advocate helps.

As an example, there’s H.F. and C.R.’s case. They were a couple whose divorce was finalized in late 2007. There was also a supplemental judgment issued in 2010. The judgments stated that certain personal property (that was being shipped from Kuwait) worth $100,000 was to go to the husband. The husband was ordered to pay the wife $111,000 over the course of four years, at $2,320 per month.

Continue reading ›

Published on: | by

A divorce case may often revolve around matters like child custody and child support, alimony and property issues like who gets the house and the cars. Other times, they’re much more complex, especially if one or both spouses held ownership interests in one or more companies. When that happens, it is particularly important have knowledgeable Florida family law counsel on your side to make sure that your issues are handled skillfully.

C.B. and K.B. were a couple whose case presented that type of situation. They separated in 2014 after almost nine years of marriage. The pair had two sons together. They also owned and operated several businesses together.

When a couple like this divorces, there are a wide variety of issues they may need to resolve. In that type of situation, the more issues you can resolve through agreement, the more time and expense you may be able to save. Even then, it is important to be sure you get the right marital settlement agreement. In this couple’s case, they were able to resolve all issues related to their children, but division of assets was not something upon which they could agree completely. They agreed upon most asset-related things, but could not decide how to divide a real estate holding company that they co-owned.

Continue reading ›

Published on: | by

Three decades ago, there was a popular TV comedy featuring four senior women sharing a home here in sunny South Florida. The eldest occasionally tried to impart her “wisdom” by telling stories from her youth, urging her listeners to “picture it,” and then describing the setting. So, in that tradition… picture it: you’re in a courtroom in your divorce case –- on your own — facing the judge and your spouse and your spouse’s lawyer. Both you and the other side have made motions asking the judge to do certain things. While you’re in the hearing, the judge suggests to your spouse’s attorney what motions that lawyer should file. The judge also makes a suggestion that that attorney not file another motion that the lawyer was contemplating.

That would be pretty intimidating, would it not? You’re there on your own and your spouse has counsel but it is your spouse’s side that the judge seems to be helping out. Would you think that you have any recourse? The reality is that you do have options in a circumstance like that. One option to which you should definitely avail yourself is retaining legal counsel. Having a skilled South Florida family law attorney on your side can help level the playing field.

This scenario allegedly happened in a real-life case recently. A wife and a husband were in court in their divorce case disputing the wife’s alleged improper sale of certain assets contained in storage units. The husband had a lawyer; the wife didn’t. The judge in the case allegedly suggested that the husband’s lawyer file a motion to show cause and that, as part of that request, the judge “would be happy” to haul into court the third party to whom the wife allegedly sold the assets. The judge later allegedly offered an opinion that the husband’s lawyer should avoid filing a different motion the lawyer was considering.

Continue reading ›

Published on: | by

Generally, the law gives judges significant discretion when it comes to the orders they hand down in family law cases, especially when it comes to division of assets and debts. The court can demand that a particular spouse pay a particular debt and can impose requirements regarding how to pay it, such as demanding that the marital home be sold–at least in most circumstances. However, Florida constitutional law creates some very strong protections for homestead property, and sometimes the homestead exemption protection can have an impact on a family law case. To make sure you’re not forced into selling your home when you don’t have to, be sure to retain an experienced Florida family law attorney.

As an example of a conflict between debt assignment in a divorce and the homestead exemption, there’s the recent case of S.A.S. and J.S. The pair were going through divorce in Broward County, and their divorce included issues that required the retention of a guardian ad litem. Guardians ad litem often become involved in divorce cases involving minor children if the case is especially litigious or there has been an allegation of child abuse or neglect.

In a family law case, a guardian ad litem is often a local attorney and is entitled to payment of fees for the service she provides. Many times, the guardian ad litem may be paid by the hour. The guardian ad litem’s fees are owed by the litigants, which means that this is one more marital expense that the court must decide who pays.

Continue reading ›

Published on: | by

Going through the divorce process can be, and often is, a difficult time, both emotionally and, in many situations, financially. Divorcing spouses may be forced to deplete financial accounts or sell assets to pay for necessary things like living expenses and legal fees. When you do, the expenditure of those assets may impact the outcome of your case with regard to equitable distribution. In any equitable distribution outcome, your goals certainly include not being penalized for depleting assets for legitimate reasons. To make sure you get a genuinely fair equitable distribution, make certain you have the services of an experienced South Florida family law attorney on your side.

For an illustration of the rules regarding the dissipation of marital assets, there’s the very recent case of T.M. and H.M. from Palm Beach County. Each spouse petitioned for divorce in 2016 after nearly 25 years of marriage. The couple’s divorce case covered several important issues, including equitable distribution and child support. After the trial was over, the wife appealed. In her appeal, she objected to several decisions the trial court made regarding equitable distribution as well as the calculation of her income for child support calculation purposes.

The outcome of the appellate argument regarding the equitable distribution of the couple’s marital assets was particularly useful. In T.M. and H.M.’s case, the trial judge awarded the wife her checking account and her savings account. The documents in the divorce case identified the value of the savings account as $13,275 and the value of the checking account as $13,212.

Continue reading ›