Marital vs. Non-Marital Property
Family Law and Divorce in St. Petersburg, Clearwater, Tampa, Sarasota, Pinellas County, and surrounding West Florida areas.
During a divorce, determining which assets and liabilities are marital and non-marital is an essential step for the Court to equitably distribute assets and liabilities among the parties. Only marital property is divided, and non-marital (or separate) property is kept by the owner spouse. Generally, assets and liabilities created or incurred during the marriage are marital property unless they are specifically established to as non-marital assets and liabilities. There are several other factors to take into consideration when determining marital vs. non-marital property, such as commingling of funds, gifts, appreciation of separate property, inheritances, and the existence of a prenuptial or postnuptial agreement that might dictate the division of property.
There are numerous intricacies in determining marital vs. non-martial property, and the attorneys at Greene & Greene are experienced in handling division of property for even the most complex situations.
If you need assistance with division of marital property, divorce, paternity suits, or other family law matters, please contact our office, as our attorneys have extensive experience in marital property disputes in St. Petersburg, Clearwater, Tampa, Sarasota, Pinellas County, and the surrounding West Florida areas.