If you and your spouse are a high-asset Florida couple, you likely own some antiques. Or more to the point, you likely own several, or even quite a few, old objects that you believe are antiques and therefore valuable. Unfortunately, you may be wrong on both of those assumptions.
When a couple in Florida makes the difficult decision to separate and eventually to get divorced, there can be a virtual onslaught of tough decisions to be made. One of these decisions can often be what to do with the marital home. It is not uncommon for one spouse, often the wife, to wish to keep and stay in the home. This is particularly common when young children are involved as parents want to maintain stability for their kids.
Florida artists who are getting a divorce face the complicated question of how to divide artwork that they have created during the marriage. According to the Huffington Post, the courts have ruled that artwork can be considered community or marital property. This means that artwork created by a professional artist is subject to the rules of division that govern marital property, which include inventorying assets, valuating them, and eventually dividing them between the spouses.
When people enter into the bonds of marriage, they vow to stay together ‘till death do us part.’ However, even after years of marriage, problems may occur that can cause a couple to part ways. Gray divorce is used to reference people who decide to separate after the age of 50-years-old, and the rates of this type of divorce are growing.
If you are going through a divorce in Florida, and you have a lot of money and assets, you should understand that your divorce is different from those in the middle- and lower-classes. There are different factors, such as child support, asset-valuation and legal proceedings, that make a divorce more complicated, so you should prepare in advance.
Going through a divorce or legal separation can be overwhelming. Not only are there strong emotions involved, but you may find it difficult to face certain tasks while creating the final divorce settlement. One of the most trying issues to tackle may be that of property division. Distributing all of the marital items you accumulated throughout your marriage may be difficult. In Florida, and in many other states across the nation, all marital property amassed during the marriage is divided according to what the judge deems fair and equitable. In order to ensure you get everything you are entitled to in the divorce settlement, it is important to understand what constitutes marital property.
