One aspect of every divorce case in Florida is how you will divide your property and assets. The law requires that spouses distribute their marital property equitably before a court can finalize their divorce. This is true whether you have minimal property or significant wealth.
How do you do this? How do you know if your property division is in line with the law and your rights? Always speak with a Boca Raton divorce attorney about your situation.
Inventory and Valuation
First, you want to know all of your property, assets, and debts that you will need to divide. This can include:
- Rental properties
- Personal property
- Financial accounts
- Credit cards and loans
- Business interests
Always account for everything to ensure you receive your fair share. Then, some property might need to be appraised, and your lawyer can assist you with finding the right resources to do so.
What is Fair in Your Circumstances
Florida does not require spouses to divide property 50/50. Instead, you need to determine what is fair given all of your financial and personal circumstances. There are many factors to consider during this process.
If you and your spouse cannot agree right away on how to divide everything, your attorneys can negotiate. You can attend mediation to work toward compromise and an out-of-court resolution. If you simply cannot reach an agreement, you might need litigation to resolve your property division issues. Generally, only people with high or complex assets need to go to court, as the right divorce lawyer can help you agree out of court whenever possible.
A Boca Raton Divorce Lawyer Can Help
At Juliana Gaita, P.A., we protect the property rights of our clients going through a divorce. Contact us for a consultation if you would like to learn more about how we might help in your case.