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.
- Category: Divorce
- Subcategory: Property Settlements
- Date:
- State: Florida
Answer:
In Florida, property division during a divorce follows the principle of "equitable distribution." This means the court aims for a fair division of property and debts, not necessarily equal. Generally, property is presumed to be divided equally, regardless of whose name is on the title, unless there are valid reasons for an unequal division.
If the house was purchased with money given to you during the marriage, it may be considered marital property, even if it is in your name. However, if the house was acquired before the marriage or through a gift or inheritance, it might be classified as separate property. This classification holds if neither the property nor its income was used for the couple's shared benefit during the marriage.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.