Explain “Division of Assets” in a Florida divorce?
A great portion of our lives is spent searching for the ideal house, purchasing the perfect vehicle, and finding the best furniture to match your decor. You have spent a lifetime working hard for the things you desire, and it can be scary to think that a divorce can take it all away. For this reason, it is important to know how the state laws apply to you. Here is how Florida deals with Division of Assets in divorce.
Are assets dispersed equally?
Assets are dispersed in a fair manner and in some cases this can mean unequally. Because there is equitable distribution in Florida, a judge might determine how to divide up assets fairly instead of simply splitting everything 50-50. This might imply that 1/3 of the assets could be allocated to the lower earning partner and 2/3 would be allocated to the higher earning partner.
Additionally, married couples should think of much more than the amount each individual is making. One partner’s profession or academic career might have taken priority in the marital relationship requiring sacrifice from the other partner. One partner may have provided the majority of the childcare as well. By using a lawyer, you can properly present your hard work and sacrifices to ensure you get your reasonable share of the property.
