In dissolution of marriage proceedings throughout the State of Florida, the dedication of which celebration receives possession of the marital house is a posh course of ruled by equitable distribution ideas. This doesn’t robotically imply a 50/50 cut up; as a substitute, the courtroom seeks to divide belongings pretty primarily based on the circumstances of the wedding. For instance, if one partner owned the house previous to the wedding and the opposite partner made no vital contributions to its repairs or mortgage funds, the house could also be thought of a non-marital asset.
The importance of the marital residence in divorce settlements can’t be overstated. It typically represents a considerable portion of the couple’s web value and is intrinsically linked to the household’s stability, significantly the place minor kids are concerned. Traditionally, courts favored awarding the house to the custodial dad or mum to reduce disruption to the youngsters’s lives. Nevertheless, that is now not the only figuring out issue. Judges now contemplate a wider vary of parts, together with the monetary wants and sources of every celebration, contributions made to the wedding (each financially and in any other case), and potential tax implications.