While your decision to divorce your spouse may provide some immediate relief from constant contention and marital conflict, it may also bring with it a whole new collection of problems. One in particular deals with your ability to maintain your share in the real estate you own with your spouse. At Fried and Fried, P.A., we are experienced in helping people in Florida to work their way through high asset divorce proceedings.
Often, you will be able to temporarily maintain residency in the home you share with your spouse if you are the custodial parent and require a place for your children to live. However, throughout divorce proceedings, it is likely that a decision will need to be made on who will ultimately own the property or if it will be sold entirely.
According to The Washington Post, you have to be careful about your behavior when your divorce is in the process of being settled. This is primarily because any judgments your ex claims that are against you, could hurt your chances of receiving some level of compensation. If there are judgments that have the possibility of affecting your eligibility to maintain your share in the real estate, it is imperative that you address those concerns in a property settlement agreement.
When you are careful about your approach to designating property ownership during your divorce, you may be able to help your chances and receive some compensation if the property is sold. For more information about property settlements, visit our web page.