What is considered a marital asset in Florida?
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What is considered a marital asset in Florida?
Assets such as a house, car, and investment income that are acquired after the wedding day are considered marital property. It does not matter which spouse acquired the property, which spouse used the property or even which spouse’s name appears on the title of the asset.
Is inheritance a marital asset in Florida?
As a general rule, inheritance is separate property in Florida. This is true even if the inheritance was obtained during the marriage. The key fact is that the inheritance was kept separate and not mixed with the couple’s marital assets.
Is inheritance considered a marital asset?
Generally, inheritances are not subject to equitable distribution because, by law, inheritances are not considered marital property. Instead, inheritances are treated as separate property belonging to the person who received the inheritance, and therefore may not be divided between the parties in a divorce.
