Is my spouse entitled to a portion of my business in Florida?
In Florida, if you are in the middle or considering filing for a divorce, and you have acquired assets and liabilities during the marriage, those assets and liabilities, regardless of how they are titled, may be marital assets that need to be divided between the parties. In the situation of a business, if the business was acquired during the marriage or incorporated during the marriage, regardless of how it is titled, that asset may be subject to equitable distribution during the dissolution of marriage proceeding. If it was acquired before the marriage but has appreciated in value, it may be considered a marital asset subject to equitable distribution in a dissolution of marriage proceeding. It is very important that any individual with a question, such as this, consult with an experienced family law attorney to be able to help them determine the assets's marital implications.