Representing Professionals in the Real Estate Industry in Divorce
Real estate professional is a broad term that encompasses a wide range of careers in the real estate industry, including:
- Real estate agents and brokers
- Property developers
- Individuals who “flip” property
- General contractors
These are just a few of the careers in the real estate industry. At Moraitis & Raimondi, LLP, we represent all types of real estate professionals who are facing a divorce or other real estate issue. We also represent the spouses of real estate professionals.
What Is Divided in a Divorce?
As a real estate professional — or the spouse of one — it is important to understand how property is divided in a divorce. Florida is an equitable distribution state. This does not necessarily mean that all marital property is divided 50-50, but instead that it is divided fairly.
Marital property includes any assets or debts acquired during the marriage such as:
- Ownership interest in a small business, including a real estate agency, an LLC or a corporation
- Real property, including the marital home, investment property, commercial leases and other real estate investments
- Cars, antiques, art work and other personal property
- 401(k)s, annuities, pensions and other retirement accounts
Determining whether your property is marital or non marital can be complicated, especially if you or your spouse was working in real estate prior to marriage. Our attorneys can help. We are skilled investigators who will work diligently to assess and value all property so you receive your equitable share in divorce.