Floridians may be interested to hear that after 21 years of marriage, acclaimed filmmaker Michael Moore has filed for divorce from his wife Kathleen Glynn. A complaint filed at the Antrim County Court has revealed that the high-profile couple had already been living apart for some time. The complaint also stated that there is "no reasonable likelihood that the marriage can be preserved." The two own a home together in Traverse City, Michigan, and have no children.
When a couple gets divorced, many financial matters have to be settled. This is especially true for people with numerous assets. Because Florida is an equitable distribution state, assets are divided in a fair and equitable manner but not necessarily 50-50. A spouse who is divorcing in Florida should be aware of the factors that judges take into consideration when dividing assets.
Perhaps one of the most emotional and difficult aspects of a divorce is dividing real estate acquired during the marriage. That's because a home is often more than just a property because of the many memories that have been created there. Florida couples often must decide whether one person should remain in the residence or if the property should be sold and the profits divided. Many homeowners have added unique and distinctive features to their properties. In some cases, these features can add considerable value to a home. Features such as a large garage, barn or water dock can be attractive features to future home buyers. However, an expensive addition such as a swimming pool may not add a great deal of value to a home.