In the state of Florida, couples seeking divorce will face the issue of
separating their marital property in a fair manner. The court will divide property in an equitable manner
based on Florida Statute § 61.075. When it comes to the distribution,
Florida begins with a premise that marital assets and debts should be
divided in an equal manner, unless there is justification for an unequal
split of property.
Some of the reasons that property may be unequally split include:
- Length of the marriage
- Contribution of each party to the other spouse’s career
- Each party’s waste of marital assets
- Each spouse’s contribution toward gaining assets
In the same way that property can be unequally distributed, so can debts.
For instance, if one spouse spent money in a reckless manner during the
course of the marriage, the court might assign more of the debt into his
or her hands.
What about my premarital assets?
Non-martial assets, those that are obtained prior to the marriage, will
not be included in the equitable distribution activity. As with many standards,
there is an exception to this rule. If the value of non-marital assets
appreciates during the course of the marriage, it will be included in
Catherine W. Real, P.A. is available to help clients divide their property
in a fair, but not necessarily equal, manner. If you need assistance protecting
your rights and freedom as this matter is assessed, look to the
Tampa divorce attorney today!