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:
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.
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.