Marital Property Division in Florida:
If you are getting a divorce in Florida, you need to understand how Florida marital property division laws work when cars, houses, bank accounts, retirement benefits, cash, stocks, and other personal property were acquired during the marriage. Florida divorce laws require equitable distribution of marital property in the proceedings. Marital property is both the assets and debts acquired during the marriage.
Even under the best of terms, deciding who should get what can be a challenge. But more so, when spouses in a divorce are unwilling to compromise. When unable to come to an agreement on their own, the court will fairly divide the marital property for the spouses in the divorce. However, that doesn’t necessarily mean that the marital property division will be equal. Florida divorce courts will make an unequal distribution of marital property based on several different factors, including:
* Contributions to the Care & Education of the Children and services as a Homemaker
* The economic circumstances of the Parties
* Duration of the marriage
* Any interruption of personal careers or educational opportunities of either party
* Contribution of one spouse to the personal career or educational opportunity of the other spouse;
* Desirability of retaining the martial home as a residence for any children of the marriage
For more information, scheduled a consultation with our Florida Divorce Lawyers in Miami today!
