Florida Divorce Law on Division of Marital Assets (2024)
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Florida Divorce Law on Division of Marital Assets (2024)
Jun 10, 2024
floridalegaladvice.com
Florida’s Equitable Distribution statute states that all marital assets and debts should be evenly split between the spouses. What is marital includes assets and debts between the date of marriage and the date of filing for divorce. 🫶 If the marital residence is sold, it is very easy to figure out how much the parties will split. It’s a clean break. You no longer have daily reminders of the memories you shared in the home. I highly recommend it to most of my clients. 🫶 However…it’s your life a
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When does debt become "ours" instead of "yours"? In Colorado, timing is everything. Assets and debts acquired during marriage - whether created or purchased - typically become marital property subject to division. But pre-marital obligations usually remain separate. Understanding this distinction protects your financial interests. Need clarity on your specific situation? Call 720-605-0665 for your free case evaluation. #ColoradoDivorce #MaritalProperty #SeparateProperty #MaritalDebt #PropertyDiv
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