How to Divide Property After Divorce
If you are a resident of Florida and are considering getting a divorce, there are many things you should know. Per the statutory and case law within Florida, there is equitable distribution of marital assets and liabilities. This means that all property, assets and debts within a marriage must be distributed in a manner that is equal and fair.
Since Florida is an equitable distribution state regarding property division during a divorce, the court will take certain matters into consideration. This can help to ensure that the division of property is done fairly. The following factors are included when coming to a decision:
• The length of the marriage
• The sacrifices and contributions made toward the marriage by each spouse, including caring for the home and children, education and more
• The economic situation of each party
• One party’s desire to retain assets while remaining clear of claims by the other party
• Contributions from each party toward both marital and non-marital assets
• The wishes of one party to remain in the marital home with the dependent child for the child’s welfare
• Intentional acts of waste, destruction or dissipation of marital assets after filing a divorce petition or within two years of filing
• Vested and non-vested benefits considered marital property that are subject to distribution
• All other factors that are relevant to make things fair and equitable for both parties
It’s important to remember that all the above-referenced relevant factors pertaining to the divorce should be listed in the Petition for Dissolution of Marriage when you file for divorce. These issues should always properly be included in the section of the divorce petitioner regarding property division.
If you reside in Sarasota, Bradenton, Lakewood Ranch, or Venice, Florida and want to end your marriage, then the Law Offices of Matthew Z. Martell can help you. You will be able to consult with a skilled divorce lawyer in Sarasota, Florida and discuss your specific divorce issues. Contact the Law Offices of Matthew Z. Martell at (941) 556-7020 at your earliest convenience to speak with highly reviewed divorce lawyer in Sarasota Florida.
