Celebrity divorces can be difficult, not only because of extensive media coverage but also because one or both of the spouses may have a significant amount of wealth. In one recent divorce, a wife is attempting to obtain a large portion of her husband’s $85 million fortune as well as a large amount of additional…
Continue reading ›German media recently reported a story regarding an angry husband who decided to take the division of property into his own hands following a split with his wife of 12 years. The man posted a video on Youtube that showed him taking a chainsaw to many of his and his wife’s possessions and literally cutting…
Continue reading ›87-year-old Martin Zelman of Palm Beach has filed for divorce from his wife of 15 years, though now Florida family courts will have to decide whether or not he truly wants one. Last year, another Florida judge declared Zelman mentally incompetent and appointed his son and daughter as his guardians. With this declaration, Zelman lost…
Continue reading ›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…
Continue reading ›One question I get quite frequently is whether or not an engagement ring is considered a marital asset. In order to answer this question you need to know what a marital asset is. A marital asset is any asset acquired during the marriage. An engagement ring is generally a gift that is received prior to…
Continue reading ›Marital assets and liabilities are defined as follows: Assets acquired and liabilities incurred during the marriage, individually by either spouse or jointly by them. The enhancement in value and appreciation of nonmarital assets resulting either from the efforts of either party during the marriage or from the contribution to or expenditure thereon of marital funds…
Continue reading ›If you can show “good cause” to the court, you may be entitled to an interim partial distribution of marital assets. Good cause is defined as extraordinary circumstances that require an interim partial distribution. In order to obtain this type of relief, you are required to file a sworn motion setting forth specific factual basis…
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