If you are a business owner, and you are considering divorce, read this first.
Under to Florida Statute 61.075, property owned by you and your spouse falls in one of two categories: marital or nonmarital.
Specifically, marital property typically includes:
- Assets and liabilities accrued during your marriage, whether accrued individually or jointly.
- The enhancement of value and appreciation of nonmarital assets as a result of either spouse during the marriage or from the investment of marital funds or other forms of marital assets, or both.
- Gifts given between spouses during the marriage.
- All vested and nonvested benefits, rights, and funds earned during the marriage in retirement, pension, profit-sharing, annuity, deferred compensation, and insurance plans and programs.
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