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Division Of Property

Orlando Property Division Lawyer

 

Division of Property in FloridaProperty Division In Orlando DIvorces

Determining how to divide shared assets and debts in a divorce is no easy task. Orlando divorce lawyer Stephen Caplan has extensive experience resolving all types of property disputes ranging from modest to high net-worth marital estates. He understands the nuances of Florida’s equitable distribution laws and is committed to protecting your personal and financial interests throughout the property division process. 

Deciding to work with your spouse to reach an agreement allows both of you to have more control over the outcome instead of relying on a judge to decide who gets what. Attorney Caplan has successfully “brokered”  fair and equitable property settlement agreements for countless divorcing couples. That said, he is always prepared and capable of advocating for you in family court if a fair agreement cannot be reached.

What is the Difference Between Marital Property and Separate Property? 

One of the first steps in dividing property in a divorce is identifying whether the property is considered part of the marital estate or is separate. 

Marital property includes all the assets and liabilities that you and/or your spouse acquired during the marriage. Marital property is subject to equal distribution regardless of ownership or title.

The most common types of marital assets include: Orlando Equitable Distribution

  • bank accounts
  • vehicles
  • marital home
  • real estate
  • retirement accounts and IRA accounts 401K, 403B
  • stocks, bonds
  • businesses
  • personal possessions (jewelry, art)
  • household furnishings 
  • insurance policies: medical, dental, life, homeowner

Liabilities often include:

  • mortgage debt
  • credit card debt
  • student loans
  • tax liens
  • car loans

Separate Property

Best Orlando Divorce Lawyer

The only property that is not subject to division is the separate property which is property each spouse owned individually prior to the marriage. It also includes any inheritance or personal gifts received during the marriage. 

Equitable Distribution of Assets and Liabilities 

Florida is an equitable division state, meaning that each spouse is entitled to a “fair” share of the marital assets. However, fairness doesn’t always mean equal. A judge will consider several factors when allocating assets and debts including: 

  • the income of each spouse
  • length of marriage
  • age and health of both spouses
  • child custody arrangement 
  • contributions of each party to the marriage
  • contribution of one party to the career or educational opportunities of the other 

 

Learn more about our process for divorce and family law protection. We are available to help you 24 X 7. Please contact us via our contact form or please call for Free Consultation on 407.872.6249 today!
Orlando Family Law & Divorce
31 North Hyer Avenue
Orlando, Florida 32801
Disclaimer: The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.
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