Fort Myers, FL- During a divorce, couples encounter plenty of worrisome issues they need to resolve. Property division is one those complex and often contentious problems that need to be resolved. Often, divorcing couples have a lot of assets and money on the line. Take for example the impending divorce of HGTV stars Tarek and Christina El Moussa.
Tarek and Christina El Moussa’s divorce
Tarek and Christina El Moussa are real-estate moguls and have their own show ‘Flip or Flop,’ so they have amassed assets that could snarl settlement negotiations. Fans of the El Moussas were surprised to learn this week that couple split months ago, and are on course for dissolution, leaving many fans wondering what is going to happen their assets, namely their prized yacht which is valued at $1 million, according to Bravo.
‘Flip or Flop’ has been canceled with the final shows airing in 2017.
So, how is property divided in a divorce? The El Moussa’s live in California which has similar property division rules as Florida.Divorcing couples can turn to a divorce lawyer in Fort Meyers to work on their divorce.
Property division in Florida
Florida is an equitable distribution state in regards to property division. That doesn’t mean the property is divided 50/50; it means that property is divided equally in consideration of a spouse’s contributions to the marriage, the value of the property or assets to be divided, and the assets they brought into a marriage.
In Fort Meyers’ divorce courts, equitable distribution means marital assets will be divided with based one each spouse’s needs. For instance, a court may decide the spouse who is awarded custody of a couple’s children should retain ownership of the marital home.
Any assets that belonged to one spouse before they married remain theirs unless they have made other arrangements.
What about a business?Property division can be as acrimonious as child custody but a legal expert guide a couple towards resolution.
A business or partnership acquired or developed during the marriage is seen as community property and is divided between each spouse. It is possible to keep a business or partnership from being divided with the assistance of a divorce lawyer.
A couple who needs help with property division should turn to a divorce attorney for their expertise. USAttorneys can help you find a local lawyer to work on all aspects of your divorce. You can benefit from their expert advice, so call and set up a consultation today.
If you are planning to file for divorce and need assistance with asset division, child custody or have any other divorce-related needs, USAttorneys recommends you contact the law offices of Michael Raheb at 1-866-949-0888 and set up a consultation. Attorney Michael Raheb is dedicated to getting each of his clients the best possible outcome for their case. Visit his website at http://www.michaelraheb.com/ and read testimonials from Mr. Raheb’s satisfied clients.