According to Florida law, the co-mingling of marital and non-marital funds in the same account will generally result in the full account being deemed “marital”:
As a general rule, when marital funds and non-marital funds are deposited into the same account, the co-mingling results in the entire account becoming marital. See Becker v. Becker, 639 So.2d 1082, 1084 (Fla. 5th DCA 1994). Given the husband’s failure to adequately trace the home improvement payments to non-marital funds, the $44,000.00 increase in value attributable to the improvements must be considered marital property. See Adkins v. Adkins, 650 So.2d 61 (Fla. 3d DCA 1995). In light of our determination that this $44,000.00 is marital property, upon remand, the trial court must reconsider the equitable distribution of the marital property.
See: Thomas v. Thomas, 776 So. 2d 1092.
Related:
_______________
Do you have questions or comments? Then please feel free to send us an email or call him now at (954) 880-1302.
If you found this information helpful, please share this article and bookmark it for your future reference.