Last week, we discussed how a divorce can affect your estate plan and taxes. After reading that blog post, you might be wondering how you can protect yourself during the property division portion of your divorce, especially if you have real estate to divide. We can help you as you work through the division of property.
When it comes to real estate, there are several things to consider. You might have emotional ties to a home. You may also have a lot of memories in a home. Getting rid of that home because of your divorce might not be something you are willing to do. In that case, it might be possible to hang on to that house.
The truth of the matter is that the recent downward trend of homes in recent years can make valuation of your home and other properties difficult. If you still owe money on the home and property, that difficulty is increased. Even in those cases, we can help you learn your options for handling the division of property in your divorce.
We can also help you if part of your property division has to do with outstanding balances owed on your real property. Just like the property can be divided, so can the debt associated with the property.
Understanding Florida laws governing property division can help you decide how you want to handle the property division aspect of your divorce. We can help you to get the answers you need about property division, real estate division and debt division while you are going through your divorce.