Division Of Property And Assets in Palm Beach County, Florida

Portions of a marital loan used to pay for a nonmarital obligation, are not marital. In Fortune v. Fortune, the Florida Court of Appeal stated…”Moreover, a total loan obligation should not be classified as a marital debt if part of the debt is used to pay for nonmarital expenses.

See Walker v. Walker, 827 So. 2d 363, 364-65 (Fla. 2d DCA 2002) (holding that it would be improper for the trial court to classify as marital debt portions of a loan that were used to pay for nonmarital property expenses…”

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