Articles Tagged with martial assets

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Upon divorce, Florida law requires that all marital assets and property be equitably divided between the spouses. First, the court must determine which assets are considered to be marital property and which assets are separate (or non-marital) property. Generally, the courts will then start by presuming that all marital property should be divided 50/50, but may then adjust the division after carefully considering several factors. Such factors include each spouse’s financial situation, contribution to the marriage, and support of the other spouse’s pursuit of higher education or career opportunities.

If a spouse loses a loved one, they may have received an inheritance, which may include liquid assets, property, investments, titles, and more. While inheritances can have substantial financial value, they also may have significant emotional value, as well, especially in the case of family homes, businesses, heirlooms, or other meaningful property. If you receive an inheritance and are considering divorce, it is only natural that you may be concerned about the fate of the inherited money or property.

Is an Inheritance Marital or Non-Marital Property?