Question
In Florida, marital assets and liabilities are divided under the theory of Equitable Distribution . Florida Statute 61.075 describes the concept of equitable distribution. The
In Florida, marital assets and liabilities are divided under the theory of Equitable Distribution. Florida Statute 61.075 describes the concept of equitable distribution. The statute defines what is marital or nonmarital. For example, a house bought after the couple gets married but the title to the Lake Mary house is only in the husband's name, Is it marital or not marital? Husband inherits a Sanford townhouse during the marriage, is the Sanford townhouse marital or not marital? Husband forges wife name on a credit card application to American Express? is it Marital or not Marital
Important to know the difference as the judge can only divide marital property and liabilities under the equitable distribution statute. To know the answers, you need to study this statute and know all the rules.
Go to Chapter 61 of Florida Statutes, statute 61.075 and answer following questions:
Is the Lake Mary House described above Marital or Non Marital and Why?
Is the Sanford Town house described above Marital or Non Marital and Why?
Is the American Express Credit Card Bill described above Marital or Non Marital and Why?
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