Legal Question in Family Law in Florida
My husband purchased a car and paid cash while we were married - now we are getting divorced. Am I entitled to half of the car's value even though my name is not on the title?
2 Answers from Attorneys
It doesn't matter in which name assets or liabilities are. The general rule is whatever asset, or liability, is acquired during the marriage, the parties own it 50% 50%.
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Good Luck, Elliot Goldstein
Law Offices of Elliot Jay Goldstein, P.A.
Anything purchased during the marriage is considered owned by both parties. HOwever, there is equitable division of assets which does not necessarily mean 50/50. If the funds used to purchase the car were his funds that had not been co mingled with your funds, then you interest in the car would be much less if any at all. Need more info.