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Preparing for the division of assets in a Florida divorce

On Behalf of | Mar 20, 2024 | Divorce

If you are facing the prospect of formally ending your marriage, you are probably already aware that taking a proactive approach and doing all possible due diligence before the proceedings can prove invaluable. This can especially be true when it comes to the division of assets, which can be a source of contention in many divorce cases. The state of Florida is an equitable distribution state where a judge will divide all your qualifying marital property in what is deemed as a fair — but not necessarily equal — manner.

Since this means of property division can create a wide variance in what portion of certain assets you may be entitled to, ensuring all eligible property is accurately valued and included in the process could be critical to your future best interests. The following are some of the most valuable assets that could be involved in your proceedings:

  • The marital home: You may be able to keep the marital home in exchange for giving up a certain amount of qualifying assets and vice versa, or the house could be sold and the proceeds subsequently split equitably.
  • Retirement accounts: 401(k)’s, company retirement plans, and personal accounts are typically eligible for division.
  • Real estate: Any form of real estate purchased during your marriage will most likely be included with the marital assets.

Vehicles, particular household items, and business ownership—even in some cases where the business was established before the marriage—are other items that could make a significant difference in the total amount of property you ultimately receive.

Where to turn for support

With so much at stake during this challenging time, you owe it to yourself to take advantage of the professional help and assistance readily available to you. An experienced Florida attorney can carefully guide you through every step of the divorce process, including the division of assets. Having this support by your side can provide answers to all of your questions and concerns, eliminate the chances of any missteps, and allow you to better focus on moving forward to a brighter future.