Vecchione & Associates, P.A.

Division of Property

 

Dividing property during a divorce can become quite complex, not to mention highly emotional.  Florida is an equitable distribution state, but many clients have a difficult time understanding what that really means.  Typically, this means that marital assets are to be divided amongst the parties as fairly as possible, but not always equally.  In essence, property obtained during a marriage will be divided based on factors including, but not limited to…

 

• Contributions made by each spouse during the marriage

• The economic circumstances of the parties

• The duration of the marriage

• Interruptions of personal careers or educational opportunities of either party

 

Dividing property can become even more complex when certain assets were obtained as gifts or inheritances.  Typically, assets such as these are considered nonmarital in nature, and therefore not considered divisible.  But, what happens when marital components become added to nonmarital assets?  Think of a house inherited from a family member, which is then updated using joint marital funds.  The laws in Florida can make such issues immeasurably complex.

 

If you are working through property division issues, it is important to contact Vecchione & Associates, P.A.

We are fully prepared to reach out to forensic professionals, investigators, and other experts who can trace the movement of assets, or locate assets which have not previously been disclosed.   You can rest assured that we will uncover all relevant information in order to build the strongest possible case to protect your financial interests.

 

Call us today at 954-328-9838, or contact us online to schedule your initial consultation.