Equitable Distribution of Property & Assets in Florida Divorce
Marital property in Florida is divided according to the law of equitable distribution. This means that a couple’s property and assets are not necessarily divided 50-50 throughout the course of a divorce. The assets and property accumulated during the course of the marriage are divided equitably at the discretion of the court.
At the Boca Raton office of Brodie & Friedman, P.A., our lawyers use our years of experience and the cases we’ve handled when helping individuals with marital property division. We structure our advice and guidance in order to help clients understand the economic ramifications of the choices they have with divorce asset protection and property division.
Types of Property Considered For Equitable Division
Homes, property, and physical possessions are not the only types of assets that are subject to division. Some of the types of monetary assets and accounts that may be divided upon a divorce include:
- Retirement accounts
- Health insurance
- Stocks and bonds
- Social Security disability benefits
Marital Debt Is Also Subject To Division
The debt that is accumulated by the two parties throughout the course of a marriage is also subject to equitable division. This is designed to eliminate the possibility of a large amount of debt left for the party with the lower income earning ability. We help clients understand marital debt division and how it may factor into other sects of the property division. If the debt was incurred by one spouse for their exclusive benefit it may be possible for it to be assigned to that spouse as a portion of their share of the divided debts.
Our Family Law Practice proudly serves the communities of Palm Beach County, Broward County, Miami-Dade County and Martin County.
Contact Brodie & Friedman, P.A. today to discuss consultation—even though we may never need to take your case to court, our ability to do so from a position of strength brings immeasurable influence to negotiations across a range of disputed marital issues.