If I contest a divorce and the house is in my name, what is my chance on losing the house?
Full Question:
If I contest a divorce and the house is in my name, what is my chance on losing the house? The money to purchase the House was given to me while married.
01/31/2007 |
Category: Divorce ยป Property Set... |
State: Florida |
#1297
Answer:
Florida is a so-called "equitable distribution" state. This means that the division of property and debts between the divorcing parties should be fair and equitable, but not necessarily equal. The court begins with the assumption that property should be equally divided, regardless of whose
name it's in, unless there is a justification for unequal division.
Generally, separate property acquired before the marriage or by gift or inheritance during the marriage may be excluded from the marital estate if neither the property nor its income has been used for the common benefit of the parties during their marriage.