Matthew Lane & Associates, P.A.
Palm Beach Gardens, West Palm Beach And Wellington, Florida Offices 561-328-1095

Division of Property And Assets In Palm Beach County, Florida

Division of Marital Property and Marital Assets - Classification of Marital Assets in Florida

Assets and liabilities not in existence on the date of filing, the date of separation, or the date of entry into a separation agreement should not be classified as marital assets.  In Fortune v. Fortune, the Florida Court of Appeal stated that...

"Relevant to the facts of this case, '[t]he cut-off date for determining assets and liabilities to be identified or classified as marital assets and liabilities is...the date of the filing of a petition for dissolution of marriage.' ยง 61.075(7), Fla. Stat. (2009). Assets and liabilities not in existence on that date should not be classified as marital. See Schmitz v. Schmitz, 950 So. 2d 462, 463 (Fla. 4th DCA 2007); Byers v. Byers, 910 So. 2d 336, 344-45 (Fla. 4th DCA 2005)." 

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Palm Beach Gardens Office
The Financial Center at the Gardens
3801 PGA Boulevard
Suite 600
Palm Beach Gardens, Florida 33410

Phone: 561-328-1095
Fax: (561) 472-1568
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Wellington Reserve
1035 South State Road 7
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Wellington, Florida 33414

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