How is Property Divided in a Florida Divorce?

In divorce cases, the property can be divided in a number of ways between the divorcing couple. In the state of Florida, marital property is divided in a way that views each party in a 50/50 manner. While each party may not get the exact amount as the other, the property division in a divorce case has a number of rules applied to the situation to make it as fair as possible. Before going into a divorce, it is important that you hire Miami Florida divorce lawyers to represent you and work to get the best outcome possible on your behalf. The Law Office of Scott A. Ferris specializes in working in its clients’ best interest for a fair and just final divorce decision.

As stated, in Florida the concept of equitable distribution is used as a base starting point when dividing assets. This means that each person starts out as having a 50/50 share of the marital property. From that point, there are other factors that are considered which can impact the amount that is received by each party. It is important to note that this is not applied to the original value of non-marital property which refers to assets acquired by each individual before the marriage took place. 

Marital property is assets that are:

-Acquired during the course of the marriage
-Gifts that are given between the couple during the marriage
-The increase in value of non-marital assets 
-Property the couple holds as tenants

The rules and division of the property are complex and should be navigated with the help of Miami Florida divorce lawyers. An attorney will represent your side and show why you should get the amount you have requested.  

Contact The Law Office of Scott A. Ferris to get started on your divorce case. Our professionals can answer all of your legal questions.