It depends. In the Sorgen case the Florida 4th District Court of Appeal tackled this issue. In this case, prior to the marriage, the wife had inherited a home with her sisters. Subsequent to the marriage, she bought her sisters out and used marital funds to pay taxes on and to renovate the home. The appellate court found the home was a marital asset because the asset had been “comingled.” The moral of the story is to be careful with inherited funds or assets. Depositing inherited funds into a joint account, where such funds become untraceable, can make those funds a marital asset subject to division by the court. Using marital funds for the benefit of an inherited asset might also cause an asset to be considered marital. If you are divorcing and you have inherited assets, you should consult with a qualified attorney regarding these issues. At Parker & DuFresne, P.A. we can guide you and advise you through a divorce involving complicated issues. Don’t short-change yourself, call us for a consultation today at (904) 733-7766.
Articles Posted in Family Law
Can the amount of overnights I exercise with my child reduce my child support obligation?
Yes the number of overnight visitation exercised may affect what you pay in child support! A New Florida Statute on overnight visitation went into effect on May 12, 2014. Prior to this statute, only overnight visitation exercised pursuant to a court approved parenting plan could be counted in making a child support calculation. Now overnights exercised pursuant to an agreement by the parents can be counted for child support calculations. Get advice from an experienced attorney about your child support obligation and your overnight visitation. Contact Parker & DuFresne, P.A.. You can’t afford not to.