Equitable Division (Division Of Assets And Liabilities) In Florida
Aside from the emotions involved in a divorce, you also need to deal with the issues present in your case. This often means figuring out what is going to happen with the assets and debts you have accumulated during your marriage. At Rechel & Associates, P.A., we have helped people in the Tampa Bay area and throughout Florida understand asset divisions in their divorce.
During a divorce, it is important to have a lawyer by your side who will be a compassionate and strong advocate for you and your needs. You only get one chance to get a fair deal and we will help you secure it and help you get through this process and on to a better future.
What Is Considered Marital Property In Florida?
Florida is not a community property state, but is instead an equitable distribution state. The goal of equitable distribution is to figure out what is the fair way to divide marital property. Nonmarital assets and liabilities include assets and debts accrued before marriage and assets acquired by a spouse as a gift or inheritance either before or during a marriage. Marital assets and liabilities are assets and debts accrued during marriage, such as:
- Bank accounts
- Retirement and investment accounts
- Motor vehicles
- Credit card debts
- Business interests
When navigating the process of dividing marital assets, our attorneys will help you understand your options and help ensure that you are receiving the best outcome possible.
How Is Property Divided In Florida?
When you get a divorce in Florida, the courts will decide what is the fair way to divide the marital property. This process does not always mean an equal split and there are a wide range of factors that go into the decision, such as:
- Who contributed what to the marriage, including homemaker duties
- The duration of the marriage
- The economic status of both parties
- The loss of educational or employment opportunities of one party
- Who will take primary care of the children
This is just a small portion of what the court will considered. We will help you understand all your options and fight for the best outcome possible.
We Can Help You Get The Best Deal Possible
*Ms. Todd offers a free one-hour consultation. Mr. Rechel’s one-hour consultation fee is $400.