01
Nov
Florida Community Property State. You should not be getting your legal advice from friends who do not have any legal expertise. If you live in a community property state it could affect the way your finances are split up following a divorce. In community property states any money earned during a marriage or property paid for by those earnings is considered to be owned equally by both spouses. Of course the first step of a property division requires the court to determine what is and what is not marital property.
Marital Property vs Non Marital Property in Florida. Laws regarding property division upon divorce vary greatly from state to state. Florida is an equitable distribution state and only property acquired during the course of the marriage is subject to division following divorce. No Florida is not a community property state. It disregards their individual income or earnings. Of course the first step of a property division requires the court to determine what is and what is not marital property.
There is no Florida community property law because Florida courts follow the doctrine of equitable distribution when dividing divorcing couples marital assets.
If the same assets are used to purchase or are otherwise converted into a different asset in Florida the new asset would have its property characteristics of Florida laws. Decedents will was admitted to probate and his surviving spouse was appointed personal representative in March 2015. A small group of states adhere to community property principles but Florida is not one them. The community property concept originated in civil law jurisdictions but is now also found in some common law jurisdictions. And generally speaking the courts will divide all assets and liabilities in a manner it deems to be just and right Florida Community Property Law. Laws regarding property division upon divorce vary greatly from state to state.