Equitable Distribution of Property
Palm Beach Equitable Distribution and Property Rights Family Law Firm
Property division, also known as equitable distribution in Florida, can be an extremely contentious part of the entire divorce procedure. Under equitable distribution jurisdiction, the property that is considered to be owned jointly by both spouses can be equally or unequally distributed. Ultimately, the state law is intended to result in evenhanded property distribution.
When you’re going through a divorce, you’re probably very concerned about your property and what you own. Marital property is generally defined as any property and assets that have been accumulated during the marriage. Legally, that property can be divided in any way that you and your spouse or the court sees fit. Property and assets that you acquired before the marriage are not usually deemed marital property and are not subject to equitable distribution.
There are several aspects that are considered when property division is undertaken. Some of these factors include:
- Marriage duration
- Contribution of both spouses to the marriage (including homemaker and childrearing contributions)
- Contribution of one spouse to the other’s career or education
- Intentional waste or dissipation of marital assets or property after filing for divorce or within two years prior to filing.
- The best interests of any minor children
Contact Our Firm Today
South Florida families have looked to SPN Law, LLC for aggressive representation and timely, cost-effective legal solutions related to family law. Contact Attorney Neelakanta at (561) 659-1873 today for a free consultation to discuss your legal issues. The law firm accepts all major credit cards and offers affordable payment plans tailored to meet the individual needs of our clients. You may also submit your case online via our online case submission form for a free case evaluation by clicking here, or by email at sab@spnlawfirm.com.
