10 Things Florida Residents Should Know About Divorce: Financial Obligations
If you are a Florida resident who is currently going through or is considering a divorce, there are a couple of things about the divorce process that you should understand before speaking with an attorney. This will not only save you time but also money.
9. Financial Obligations
Any financial obligation incurred before the marriage began, such as educational debt, is not considered while dividing financial obligations between spouses. Like assets, the financial obligations will be divided equitably and fairly. If you have a mortgage, the court may order both of you to split the financial obligation; if you stay in the house, the home loan may be refinanced to make you the sole owner of the home.
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