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Definition
Property Agreement
- same as property agreement, agreement, marital settlement agreement, marital agreement.
Application in Divorce
Property
agreement
,
agreement
,
marital settlement agreement
,
marital agreement
-- all these phrases are synonymous for the legally enforceable contract settling the terms and conditions of a divorce.
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Helpful Tips & Facts
Don’t mix non-marital property with marital property
In a Florida divorce, marital property is typically divided 50/50. Any expert Florida divorce lawyer will warn you not to mix non-marital and marital property. For example, if you own a house in your name before the marriage, by placing the home in joint names as a result of refinancing or for some other reason, you make it marital property. The result of that is that you will only get half of it and not all of it if your marriage dissolves.
Contributed on 9/8/2009 by:
Givens Divorce Law Group
Tampa, FL[Total Submissions: 1]
Category:
Property Division
(Applicable in Florida)
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Long-Term Effect of a Financial Settlement in Divorce
The financial ramifications of divorce can be quite devastating! However, with proper planning and expert help from a Divorce Financial Planner, a divorcing couple can create a financially equitable divorce settlement and make sure they have the knowledge and tools to rebuild their financial security after the divorce is final.
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FastFacts
#259:
If you want to avoid court, work with your spouse to reach and agreement on all your issues. Most divorces do end in settlement, unfortunately sometimes, it takes the reality of a trial to make the spouses realize that the judge's ruling would be too much of a surprise to bare.
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