The United Law Firm LLC
Family Law firm
Volusia County (386) 960-7801
Orange County (407) 930-6060
Florida is an equitable distribution state when it comes to marital property and debts. However, equitable doesn't necessarily mean 50-50. What one spouse consider fair may not be fair to the other spouse. Martial property division can be stressful and complex. We will go over what is considered a marital asset or liability and what is a non-marital asset and non-marital liability.
Valuation of real estate must be based on the housing market and can be another added stress. If you or your spouse owns a business, it will need to be accurately valued. Retirement benefits such as 401(k) accounts and pension plans will need to be divided using a Qualified Domestic Relations Order (QDRO). Debts such as credit card bills and outstanding loans must also be divided in an equitable manner.
Irrespective of whether the retirement benefits in question stem from your or your spouse’s employment, it is essential that all such assets be fully disclosed and accounted for in the divorce (and/or divorce settlement agreement). The United Law Firm LLC to help you with your property division in your family law case.
Areas we cover and some common types of property that may impact distribution of assets: