Posted on November 30, 2023 in Property Division

Divorce in Florida can be an emotionally grueling process, especially when it comes to dividing assets. In Miami, a city renowned for its boating culture, the question of who gets the boat can be a significant point of contention. If your marriage is dissolving and a family boat is an asset that will need to be addressed, contact a qualified lawyer. Your attorney will not only assist you in protecting your interests but will also ensure that the decisions you make will legally benefit you in the short and long term

Classification as Marital or Separate Property

The first step in determining who gets the boat in a Miami divorce is to establish whether the boat is classified as marital or separate property. Was the boat purchased during the marriage? If so, it may be considered marital property. What if the boat was purchased by one of the spouses before the marriage? In that case, the boat may be regarded as separate property and, therefore, protected from division. Furthermore, if the boat was acquired through an inheritance or gift, it may be considered separate property. Discuss with your attorney which of these scenarios rings true for your situation

Continue Reading ››