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Tuesday, February 7, 2012

What is Marital Property?

            It is important to understand what property is considered marital when filing for divorce in Orlando, Florida.  The state of Florida defines marital assets and liabilities as:

            1.         Assets acquired and liabilities incurred during the marriage, individually and by either spouse or jointly by them;
            2.         The enhancement in value and appreciation of nonmarital assets resulting either from the efforts of either party during the marriage or from the contribution to or expenditure of marital funds or other forms of marital assets, or both;
            3.         Gifts given from one spouse to the other during the marriage; and
            4.         All vested and nonvested benefits, rights, and funds accrued, deferred compensation, and insurance plans and programs.

            The court must make a determination of marital and non-marital assets.  Once determined, the court must set aside the nonmarital assets.  The marital assets are then subject to equitable distribution.  It is important to seek help from an experienced family law attorney to protect your property during a divorce.  For more information, please call our office at (407) 835-9900 or visit our website at

2 comments:

  1. Marital property includes all income and possessions a couple acquires after their "determination date" (with certain exceptions). Dayton Business Law , so amazing!

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  2. Pretty good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts.

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