What Happens To The Country Club Membership When I Divorce In Florida?
When a couple divorces, often one or both spouses may fail to count an asset like a country club membership among the divisible assets.
Only one spouse may be an avid golfer or may not use the membership at all, so the other spouse may not even consider asking for the membership.
However, country club memberships, if purchased during the marriage, are considered marital property, and can be divided like any other marital asset.
Courts that have looked at that issue have ruled that country club memberships are marital property, so long as they can be transferred or exchanged, and have an amount of value.
Therefore, if you own a country club membership, it needs to be evaluated to see what the restrictions are.
If a country club membership cannot be exchanged, it may not be considered marital property.
If it can be sold or transferred for money, it can be considered a part of the marital property and can be divided.
If it cannot be transferred to someone else’s name, then normally it is not marital property.