Property Division in Divorce
Handling the Division of your Property
Under Florida law, the court must try to make an "equitable distribution" of marital property and debts. "Equitable" does not always mean "equal," although that is the starting point. Many factors, including child support, custody, and alimony awards, can cause the court to make an unequal (but still equitable) division of property. The court will not generally divide the property and debts that arise outside the marriage. For professional help in handling your property division contact a Florida family law attorney.
Some areas to consider in the division of property and debts are:
- Your principal residence
- Other real property
- Pensions
- Profit sharing plans
- IRA's and other retirement benefits
- Personal property such as furniture and electronics
- Business property
- Value of a business or professional practice
- Stocks, bonds and stock options
- Vehicles, boats, RVs
- Cash in bank accounts or elsewhere
- Mutual funds, savings bonds and other investment items
- Collectibles, guns, tools antiques
- Jewelry
- Art work
- Family Heirlooms
- Any other assets which have a fair market value or a sentimental value
There may be other items you are requesting in the divorce settlement that offset some of these assets, such as the cost of health insurance, life insurance, annuities or trusts. In addition, liabilities must also be taken into account and clearly stated as to who will be responsible for each debt.
Experienced Property Division Lawyer in Florida
When making arrangements in your divorce for division of your property, it is important to have the help of a qualified Florida divorce lawyer to assist you with all aspects of this in order to ensure you do not leave out any important assets or liabilities. At Bogle Law we have helped many couples reach an agreement on property division and look forward to helping you as well. We serve the communities of Charlotte County, South Sarasota County and Arcadia in South Florida. Contact our office today.
Contact Florida Divorce Attorney from Bogle Law for help with your Property Division.
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