If you are going to get a Divorce in the U.S. Virgin islands the Florida family law applies. That is what happened to a couple who are getting divorced and attempting to divide property in the U.S. Virgin Islands. An appeals court has remanded a divorce case involving the value of a property in the U.S. Virgin Islands.
It seems Calvin Callwood was trying to divorce his wife Toleatha Callwood and filed an appeal in the 4th District Court of Appeal in a case involving after a trial court ruled that his net equitable distribution was $86,613, while his wife’s was $86,614. The trial court also said the husband and wife would each get 50 percent of the proceeds from the sale of their home, which was worth roughly $400,000. The trial court also granted the wife a property in the U.S. Virgin Islands called Estate Peterborg, according to court documents.
The husband argued that the property is worth $565,000 based on a tax assessor’s estimates. He said that it is likely the value would increase after an occupancy permit was issued. The wife said the value of the property was about $500,000 and when the property is occupied, its value could increase to $3 million to $5 million, court records state.