Are you preparing to file for divorce or in the midst of a divorce in Florida? Dividing property can be one of the most challenging, complex parts of a divorce action. You do not have to meet the legal requirements on your own. Our Orlando property division lawyer can help you navigate the legalities of property and asset distribution.
No two marriages are exactly alike, and neither are any two divorces. When we handle your divorce action, we make sure you get personalized, responsive legal care and support.
At Bogin, Munns & Munns, we make sure the division of property is fair and equitable. We also make sure your voice and your preferences are heard. Our initial consultation will help us gain clarity on your property division goals right from the start.
How Equitable Distribution Works in Orlando
In community property states in the U.S., property division during divorce is generally an even split across the board. Florida is not a community property state, which can make property division in divorce cases complicated. In lieu of community property distribution, the state allows equitable property distribution.
Our family law lawyer serving Orlando will help you protect your interests and ensure marital property is fairly divided in the event of divorce.
What You Need to Know About Equitable Distribution
If you and your spouse cannot agree on how to divide property during your divorce, we can help. Our familiarity with state law means we can help you navigate this difficult area of divorce and ensure compliance with all applicable statutes.
According to Florida Statutes § 61.075, the following factors help determine how property is split among divorcing spouses:
- Each spouse’s income
- Each spouse’s expenses
- Each spouse’s financial contributions
- The duration of the marriage
- Child support and custody
The court will also consider how each spouse contributed to the marital assets and their reduction in the previous two-year period. They will further consider how each spouse made education and career goals in consideration of the other’s goals.
Property division is complicated. Our legal service and support can help you and your spouse resolve these issues amicably in lieu of the court making them for you.
How the State of Florida Defines Marital Property and Assets
One of the first steps involved in property division is determining how marital property was acquired. This step can determine whether property is actually a marital asset or not. Some property could be considered separate from marital assets. These can include:
- Property obtained through an inheritance
- Property acquired prior to the marriage taking place
- Monetary assets from the appreciation of separate property
- Gifts given and accepted in exchange for separate property
The state considers property marital if it was acquired or obtained after the marriage or for the mutual benefit of both spouses. Examples include home equity increases, retirement benefits, and more.
Our legal team will ensure you understand which marital assets fit each category in your case. We will also fight to ensure you obtain separate property.
Understanding Marital Property and Debt
Property and assets are not the only things that will be divided or shared during marriage and divorce. Ascribing debt can also play a role. You should not be liable for debts that rightfully belong to your spouse. When we handle your case, our legal team will ensure you are not unfairly saddled with debt in the aftermath of divorce.
To consult with an experienced property division lawyer serving Orlando
855-780-9986
Bogin, Munns & Munns Can Avert the Complications of Property Division
Amicable property division may be your goal. It might even be a goal shared by your soon-to-be ex-spouse. There can still be complications along the way that can be simplified with legal intervention and guidance.
Your divorce action may benefit by working with our property division lawyer serving Orlando if:
- Property has been inadvertently intermingled.
- One spouse has wasted or diminished assets.
- One spouse believes assets are being hidden.
- Property and assets are being undervalued.
- Property and assets are being overvalued.
One or more of these factors could lead to long-term complications. You do not have to deal with these potential complications on your own. Our family law team will ensure the property and assets of your marriage are fairly assessed and divided.
We Can Also Handle Contested Divisions of Property
Is your spouse contesting the way your property will be divided? Whether their assertions start at the beginning of the divorce process or later, we can still help. a dispute in the division of property could potentially stall your divorce action. Our Orlando property division lawyer will help you keep your divorce on track.
The judge in your divorce action might also take property division into their own hands. We can help you avoid this by encouraging mediation and navigating a mutually beneficial agreement that lets you start rebuilding your life.
See Why Clients Turn to Bogin, Munns & Munns for Legal Care and Support
You do not have to go through complex legal matters on your own. When our previous clients talk about their experience with our team, they leave reviews like the following:
- “Bogin, Munns & Munns was extremely helpful throughout the entire process of my case. They were quick to respond to any questions I had and made sure to keep things moving with no delay.” – Eric Bressler
- “My experience with Bogin, Munns & Munns was life-changing. The professionalism and empathy that was shown during my legal process was extraordinary…Thank you for a job well done.” – Emma Nelson
When you are going through a divorce that involves dividing property and assets, our law firm will help you fight for fairness and equity.
Contact Our Orlando Property Division Team Today
A divorce is a complex legal action that dissolves your marriage. If dissolving your marriage involves dividing shared property and assets, we can help. Our Orlando property division lawyer can help you navigate this challenging portion of your case.
Find out how hard we work to meet your needs and preferences by contacting one of our consultation team members at Bogin, Munns & Munns today.
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