Property Division - Florida Divorce Source

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Uncontested Florida Divorce - The Division of Property

In an uncontested divorce, you and your spouse will reach an amicable settlement agreement as to central issues regarding your divorce, including property division, maintenance, and a parenting plan. An uncontested divorce puts you in charge of making critical decisions concerning how your marriage ends. You decide what is fair and reasonable.

Asset Distribution Explained

When it comes to getting a divorce in Florida, one issue that commonly arises is that of asset distribution. Which assets are solely yours, and which assets belong to both you and your spouse?

Who Gets the Home?

In most cases, a divorcing couple considers their marital home to be their biggest asset - and the marital home continues to be one issue that is often contested. So how does a Florida divorce judge decide who gets to keep the home?

Property Rights

Non-marital property needs to be protected in a divorce. Division of marital property is quite different from enforcing your rights to your own non-marital property. Property you owned before you got married including inheritances or gifts can also be non-marital even if received during the marriage.

When I Get My Florida Divorce, Do I Get to Keep the Gifts?

As we have talked about in previous articles, anything you owned before the marriage, whether from a gift or otherwise, is your non-marital property. What about gifts received during the marriage?

Can My Non-Marital Property be Taken From Me in a Florida Divorce?

In every Florida divorce, the judge must determine what property owned by each spouse is marital and what property is non-marital.

What Property Gets Divided in a Florida Divorce?

When you woke up on the morning of your wedding day, you owned some things: a car, some clothes, a bank account, maybe a house. All of that remains your separate property during the marriage and does not get divided during a Florida divorce.

Dividing Pensions in a Florida Divorce

Not long before I started practicing law, the divorce laws did not allow the courts to divide a pension in a divorce. All of the other property got divided, but the spouse who had been working more and had a larger pension got to keep it all. Sometimes that result was extremely unfair.

Dividing Property 50/50 in a Florida Divorce

The law requires that the assets and debts of the marriage are to be divided equitably. That technically means that it will be done fairly, but not necessarily equally. If a family court judge has a "substantial" reason to divide your marital property other than 50/50, the judge may do

Equitable Distribution in Florida Dissolution of Marriage

The distribution of property in a divorce in Florida is covered by Chapter 61 of the Florida Statutes. Rather than a community property state, such as California, Florida has adopted what is known as Equitable Distribution. Under the Equitable Distribution scheme, marital property is fairly divided between the parties.

Dividing Assets in Divorce, Percentage or Dollar Amount?

During Dissolution of Marriage (Divorce) and the dividing of assets, there is an administrative detail known as Valuation Date. The Valuation Date refers to the value of the assets on a certain day.

Distribution of Property in a Divorce: What Do I Stand to Lose?

One of the most common issues I deal with as a family law practitioner pertains to the valuation and distribution of property in a divorce setting. Many people are surprised about what circumstances can and cannot affect the distribution of marital assets, having seen one too many television courtroom dramas.

Discovery - Dividing IRAs Upon Divorce

For many families, a significant portion of their wealth may be located within the couple’s individual retirement accounts (IRAs). Should the family unit break down, it is therefore important to have an equitable and easy method to divide and transfer assets.

Recent Property Divsion Blog Posts

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Property & Debt Division

Property Valuations

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Florida requires an equitable distribution of the marital property (what is fair, not necessarily equal). Each spouse keeps the property and debts that belonged to them before the marriage. Each spouse also keeps any property received as a gift or inheritance, or any property that the spouses agree to divide in a written agreement. Any property that was acquired before the spouses married or that was received as a gift or inheritance is not considered marital property. If the spouses cannot come to an agreement, a court will divide the property and the debt.

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