This post is being written to conclude and recap my discussion on the division of home equity after a Melbourne, Florida divorce. I felt it was necessary to write on this topic for multiple reasons. First, a multi-year run up in Florida home prices has resulted in many people wondering how such appreciation will impact their divorce. Second, the division of equity is a topic which often causes confusion and dispute between the spouses. The goal of my recent articles has been to provide information which will help people to better understand their situation. It has also been my goal to provide information which will assist with the selection of a family law attorney. If you or a loved one are in need of assistance then contact my office today to speak with a lawyer.
I have addressed multiple topics over my recent articles. Issues which I have analyzed included:
- When Florida considers home equity to be “marital” or “separate”
- Disputing whether home equity should be considered separate
- Whether one may keep their house in a divorce
These were important topics to address for multiple reasons. First, whether or not the equity in a house is considered “marital,” is not necessarily a straightforward question. The commingling of property can create a martial interest in equity which would otherwise be separate. Likewise, the source of the funds used to buy a house can result in any equity being separate, even if the home was purchased during the marriage. Second, it is important to understand how the discovery process can be utilized in disputing how the other side is characterizing the home’s equity. Finally, and for understandable reasons, people often wish to keep their home after a divorce. Whether or not someone is able to keep their house will depend on the facts of their case as well as their financial situation.
One point I stressed throughout these articles is the need to speak with an attorney regarding your situation. The sooner you speak with counsel, then the sooner you may be able to develop a solution which puts you in the best financial position possible. As a Melbourne divorce lawyer, I assist with cases involving the division of marital assets. I strive to provide the highest levels of service and my office is ready to assist you. Contact us today. We also service clients in the Brevard County cities of Titusville, Cocoa, Palm Bay, Grant, Valkaria, and Rockledge, as well as in the Indian River County areas of Fellsmere, Sebastian, Vero Beach, Indian River Shores, and Orchid.