Winter Park Property Distribution Attorney
What Does Equitable Distribution Mean?
When dividing marital property, Florida uses the system of equitable distribution. Equitable distribution is designed to distribute all marital property in a “fair” manner. Florida courts have made clear, however, that “fair” does not necessarily mean equal.
While a 50-50 split is the starting point in any property division matter, in some cases it is possible to argue that one spouse is entitled to more than half of the marital assets or debts due to certain factors, including:
- The parties’ respective contributions to the marriage (financial, homemaking, child-rearing, etc.)
- The economic circumstances of each spouse (the spouse with greater financial need may be entitled to a larger portion of the marital estate)
- Whether one spouse contributed to the career or educational accomplishments of the other spouse
- The duration of the marriage
- A party’s intentional depletion or destruction of marital assets
- A party’s use of marital assets for a nonmarital purpose
How Does Equitable Distribution Work?
Because most spouses share joint ownership of their home, business, investments, retirement benefits and other financial holdings, questions about how to divide these assets are some of the most complex issues in a divorce. During the equitable distribution process, whole assets can be awarded to either party, assets can be split, or assets can be sold and the proceeds divided in a fashion agreed to by the parties or ordered by the court.
How We Can Help
Backed by more than 65 years of combined legal experience, the Orlando property distribution lawyers of Cotter & Zelman, P.A., will act as your strategic advocates through every step of the property division process. If appropriate and financially wise, we can enlist the assistance of business valuation specialists, tax professionals, forensic accountants and other experts to ensure your rights and interests are fully protected.
As your attorneys, we will help you:
- Track down hidden assets and investigate allegations of marital fraud
- Analyze property to determine whether items should be classified as marital or nonmarital
- Identify and assign accurate values to marital assets and debts
- Negotiate, mediate or litigate property disputes
Contact Our Winter Park Asset Division & Property Distribution Attorneys
No matter how complex your property division issue, Cotter & Zelman, P.A., will work to help you find the best possible resolution. Call us at 407-629-4711 or contact us by email to schedule a free consultation.