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Category Archives: Property Division

Div9

When Spouses Disagree on the Value of Assets

By Donna Hung Law Group |

Agreeing on the value of a marital asset can provoke a significant amount of conflict between spouses getting divorced. Emotional attachment and differing opinions of financial experts are often the source of these disagreements, which can greatly complicate and affect the ultimate outcome of the case. Without an adequate valuation of assets, structuring a… Read More »

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Bringing Outside Financial Experts into Your Divorce

By Donna Hung Law Group |

Outside of child custody, one of the most complicated and contentious issues spouses face in divorce is the division of marital assets and liabilities. Florida law requires both parties to submit financial affidavits with the court outlining all property, both separate and joint. Florida follows an equitable division of property rule, and each spouse… Read More »

DivWords

Dividing the Marital Estate When Assets vs Income Is Lopsided

By Donna Hung Law Group |

The longer a couple is married, the harder it typically is to divide property acquired during marriage if divorce becomes a reality. Couples tend to accumulate a wide variety of assets and liabilities over time, but in some relationships, there may be a distinct lack of valuable assets to divide. This situation, while not… Read More »

Custody5

Protecting Your Child from the Negative Effects of Divorce

By Donna Hung Law Group |

Children do best when they have the support of two loving parents, but divorce can upend this balance, and leave a child feeling unstable and unsure of his/her place. Divorce is hard on all members of a family, but children are particularly affected due to the difficulty they have understanding the often sudden and… Read More »

DivMoney

A Spouse’s Right to Asset Appreciation of Separate Property in Divorce

By Donna Hung Law Group |

When couples get married, each brings aspects of their single lives into the marriage, including previously-acquired property. Solely-owned assets do not necessarily directly benefit the marriage, but they can become a point of contention when property is divided in divorce. Unless the couples privately agree otherwise, each spouse will walk away with a share… Read More »

DivDecree

Figuring Out How to Divide Credit Card Debt during Divorce

By Donna Hung Law Group |

One of the hardest parts of any divorce is settling which spouse should be responsible for debt. Some financial obligations are easier to address, such as the marital home, which can be sold if necessary to get rid of a large mortgage, but other obligations, credit card debt especially, can lead to heated disputes…. Read More »

Division

Property Division in Divorce

By Donna Hung Law Group |

Figuring out finances after divorce is one of the most challenging parts of this life transition. Couples often spend years building up assets and financial security, but this arrangement no longer applies once the marriage ends. Determining how to divide property in a divorce is a crucial matter, and one that is prone to… Read More »