Florida man loses down-payment credit after depositing home-sale proceeds in joint account
The Quick Take
A Florida divorce case involved a man seeking credit for his premarital contributions towards a jointly owned house. He sold his house and deposited the proceeds into a joint account with his wife. The court ruled that money became marital property when used to benefit jointly owned property. While the husband's credits for the down payment were reversed, his expenses after separation were upheld.
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