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Property Division Archives

Rupert Murdoch's soon-to-be ex keeps famous penthouse

Florida residents may have heard about Rupert Murdoch's complex property division that is part of finalizing his divorce and 14-year marriage to Wendi Deng Murdoch. The settlement is waiting to be finalized by a New York judge.

Dividing debt in divorce

Florida residents who are planning to divorce may wonder what happens if the other spouse continues to accumulate joint debt on a credit card that is still in both of their names. Problems can arise if a spouse continues to use joint accounts that were granted to the other spouse as part of the property division agreement without making payments.

How experts can help in divorce cases

People going through divorces in Florida often find the services and testimony of experts to be useful in certain situations. Experts can be called in to provide their opinion on issues such as the division of marital property or child custody matters, and their testimony is generally admissible in court.

Assets to remember during a property division

Couples in Florida and elsewhere who are going through a divorce often have difficulties in valuing even visible assets such as financial holdings and real estate. They are advised to remember that some less-obvious items can play an equally important part when it comes to a division of marital property . As property division is often just as important a matter in a divorce as spousal support and child custody, care needs to be taken to ensure that all assets are accounted for.

Financial infidelity and divorce

Florida residents may be interested in the findings of a recent survey by a market research firm which showed that secret credit card purchases can play a significant role in divorce. Ten percent of the survey's 1,000 respondents said that hidden credit card charges had been a factor in their separation or divorce. The survey also showed that 36 percent of respondents had kept charges secret because they knew their spouse would be angry. Another 35 percent hid charges because they knew their partner would not approve.

Shellie Zimmerman files for divorce

George Zimmerman, known around the country for his recent Florida trial involving the shooting of a teenager from Sanford, is in the news again because his wife is filing for divorce. According to what Shellie Zimmerman said in an interview with ABC news, the trial put a strain on the couple's marriage. The paperwork filed states that they have been separated since Aug. 13 and that the marriage is irretrievably broken.

Avoiding common mistakes in divorce

Divorces can be very messy. Emotions may be high, and people often act out of anger. Making matters worse, Florida laws governing the division of marital property are particularly complicated. Navigating through the process can be a significant challenge, and people often makes mistakes along the way.

File bankruptcy before divorce in Florida, says adviser

When people file for bankruptcy and undergo a divorce almost simultaneously, they may wonder--should the divorce or the bankruptcy come first? This is an complicated question, particularly when elements like assets, debt and property division come into play.

How to divide frequent flyer miles during divorce negotiations

A comprehensive divorce settlement agreement in Florida should include the valuation and division of all assets that were acquired during the marriage. These assets include everything from homes and bank accounts to baseball card collections and frequent flier miles. The division of marital property should be completed based on the value of the asset although, in many instances, it becomes an emotional battle between the divorcing parties.