Property Distribution:

A major issue decided during a divorce is the distribution of marital assets and liabilities. In Florida, all marital assets and liabilities are to be “equitably distributed.” This often means that the Court divides all the assets and liabilities equally between the parties, and always takes a 50/50 starting position. However, there are frequent occasions when an unequal distribution of the marital property and debts is appropriate. The following is a non-exhaustive list of some of the factors the Courts consider when deciding whether an unequal distribution is appropriate:

The contribution to the marriage by each spouse, including contributions to the care and education of the children and services as a homemaker
The economic circumstances of the parties
The duration of the marriage
Any interruption of personal careers or educational opportunities of either party
The desirability of retaining any asset, including an interest in a business, corporation, or professional practice, intact and free from any claim or interference by the other party
The desirability of retaining the marital home as a residence for any dependent child of the marriage
The intentional dissipation, waste, depletion, or destruction of marital assets after the filing of the petition or within 2 years prior to the filing of the petition
Any other factor necessary to do equity and justice between the parties

 

For a personal legal analysis of how Florida’s equitable distribution laws and Court cases could affect the property distribution in your divorce, contact The Switlyk Law Firm, P.A. for your consultation with one of our experienced divorce and family law attorneys.