Buying a Property Mid-Divorce, Can I Protect It?

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Buying a Property Mid-Divorce, Can I Protect It?

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Division of property can be one of the most contentious aspects of any divorce, as you and your former spouse may have become attached to your assets. If you are using marital funds to buy the property, it may be more difficult to enforce this agreement. Difficult, but not impossible when you work with an outstanding Fort Lauderdale property division attorney. To discuss your divorce with a compassionate and dedicated Fort Lauderdale divorce attorney, schedule your initial consultation by calling today. – PowerPoint PPT presentation

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Title: Buying a Property Mid-Divorce, Can I Protect It?


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BUYING A PROPERTY MID-DIVORCE, CAN I PROTECT IT?
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Division of property can be one of the most
contentious aspects of any divorce, as you and
your former spouse may have become attached to
your assets. You may also each have strong
opinions about what you are entitled to, or
perhaps, what they are most definitely not
entitled to. In Florida, divorce courts use the
concept of equitable, rather than equal,
distribution when determining the division of
assets.
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NEED TO KNOW
This means that, instead of assuming everything
will be split 5050 between you and your former
spouse, you will need the expert legal
representation of a Fort Lauderdale property
division attorney, who is familiar with the
intricacies of Florida divorce law, and can
ensure you receive a fair settlement.
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PROTECT THE NEW HOME YOU BOUGHT MID-DIVORCE
Although you are technically still married, when
you buy a new home to move into due to the
breakdown of your marriage, it would not be
reasonable for your soon-to-be former spouse to
have a claim over it. After all, it has been
purchased as a direct result of your marriage
being deemed irretrievably damaged, so should not
be considered marital property. Depending on the
relationship you have with your spouse, there are
a few potential options available to you.
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DIVIDE YOUR MARITAL ASSETS
  • Several factors will be taken into dividing
    marital assets
  • The length of your marriage
  • The overall economic circumstances of both you
    and your former spouse
  • Whether any minor children would benefit from
    remaining in the marital home
  • Debts and other liabilities incurred both jointly
    and severally during the marriage
  • The contribution made by each spouse to the
    marriage, in terms of both finances and
    caretaking
  • If one spouse interrupted their career or
    education to support the career or education of
    the other
  • If either spouse deliberately wasted or destroyed
    marital assets when it became evident that
    divorce was impending

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FORT LAUDERDALE DIVORCE ATTORNEY
If you are on good terms with your spouse, you
may be able to use a postnuptial agreement to
confirm that the house belongs to you, and is not
a marital asset. However, if you are using
marital funds to buy the property, it may be more
difficult to enforce this agreement. Difficult,
but not impossible when you work with an
outstanding Fort Lauderdale divorce attorney.
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The Law Office Of Gustavo E Frances PA
To discuss your divorce with a compassionate and
dedicated Fort Lauderdale divorce attorney,
schedule your initial consultation by calling
today.. 954-297-6546 1-866-435-4172 200 SE 6th
St 402, Fort Lauderdale, FL 33301 https//www.lau
derdaledefense.com/Contact.shtml
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