The first thing you need to note is that Florida is known as an equitable distribution state. This means that all property, assets and liabilities acquired during marriage will be divided in an equitable manner. However, this does not necessarily mean that you and your spouse will each receive half of the marital property. When couples are unable to reach a settlement, the court will step in and determine the equitable distribution of marital property and debts, and possibly the unequal distribution of assets or debts based upon a variety of factors.
One of the most challenging aspects of equitable distribution is determining what is marital and what is non-marital property. Some assets brought into or accumulated during marriage, such as real estate property, stock options and bonds, 401ks and family-owned businesses, cannot be equitably divided easily. In certain cases, a spouse may have had hidden assets during the marriage in an attempt to prevent the other spouse from assets that he or she may be entitled to. At the Law Office of Villafranco & Garcia, PLLC., we assist clients in getting what they deserve through effective negotiation skills and aggressive representation in court. We understand the factors that the court may look at when determining equitable distribution and we also work with forensic professionals when appropriate to properly value your assets.
Villafranco & Garcia, PLLC.
10850 South Federal Highway
Port Saint Lucie, FL 34952