Q&A: How are assets divided in a Florida divorce?
A great portion of our lives is spent finding the ideal house, the perfect vehicle along with the furniture to match your decor. You have spent a lifetime working hard for the things you desire and it can be scary that a divorce can take it all away. For this reason, knowing how the state laws apply to you is critical. Here is how Florida divides your assets.
Are assets dispersed equally?
Assets are dispersed in a fair manner and in some cases it can mean equally. There is equitable distribution in Florida, meaning that a judge is going to 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. …show more content…
One partner's profession or academic options might have taken priority in the marital relationship, requiring sacrifice from the other partner. Perhaps one partner provided the majority of the childcare. One can construct a solid case by using a lawyer to present your hard work and sacrifices so that you can get your reasonable share of the property.
Will I be able to keep my own personal property?
Personal property falls into two kinds: non-marital and marital. Marital property is bought or earned throughout the marital relationship by using marital assets. Non-marital (or separate) property is obtained prior to the marriage or on separate circumstances. Separate property usually remains with the partner who acquired it. For instance, if you happen to inherit money from a relative then that money would likely remain with you.
What about my own
A great portion of our lives is spent finding the ideal house, the perfect vehicle along with the furniture to match your decor. You have spent a lifetime working hard for the things you desire and it can be scary that a divorce can take it all away. For this reason, knowing how the state laws apply to you is critical. Here is how Florida divides your assets.
Are assets dispersed equally?
Assets are dispersed in a fair manner and in some cases it can mean equally. There is equitable distribution in Florida, meaning that a judge is going to 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. …show more content…
One partner's profession or academic options might have taken priority in the marital relationship, requiring sacrifice from the other partner. Perhaps one partner provided the majority of the childcare. One can construct a solid case by using a lawyer to present your hard work and sacrifices so that you can get your reasonable share of the property.
Will I be able to keep my own personal property?
Personal property falls into two kinds: non-marital and marital. Marital property is bought or earned throughout the marital relationship by using marital assets. Non-marital (or separate) property is obtained prior to the marriage or on separate circumstances. Separate property usually remains with the partner who acquired it. For instance, if you happen to inherit money from a relative then that money would likely remain with you.
What about my own