Skilled in property division

When a couple marries, under Florida law, the property they purchase together -- the family home, automobiles, furniture, electronics and more -- becomes known as marital property, joint assets owned by both parties. Therefore, should a couple end their marriage, their marital property (and debts) must be divided in a way that is considered equitable, or fair, under Florida law.

This doesn't necessarily mean each spouse gets exactly 50 percent of each piece of property. Instead, the court will look at the big picture. For example, one spouse may be awarded $150,000 of the equity in the marital home, while the other spouse may be awarded $150,000 in retirement funds. Things of similar value will be added and divided until the ultimate result of the property division process is a more-or-less even split.

This is the basic idea, anyway. In practice, property division is not so simple. First, it must be determined which assets are marital property and which assets are separate property. Assets may need to be appraised to ascertain their value. Then, hopefully, the divorcing couple will be able to come to an agreement on property division that is then approved by the court.

At our firm, we have helped many Florida residents with their property division issues. This includes those who are going through a high asset divorce and those situations in which the division of assets has become particularly complex. Our property division web page may be of interest to readers who want more information on this topic.

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Amy L. Beauchaine, Attorney at Law
505 Maitland Ave. Suite 1150
Altamonte Springs, FL 32701

Phone: 407-571-6908
Fax: 407-218-4558
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