Understanding Equitable Division In Fort Lauderdale Divorce: What You Need To Know

Going through a divorce in Fort Lauderdale is emotionally draining and can negatively impact your finances for years after. Under Florida property division laws, anything earned or acquired by you or your spouse during the marriage is subject to equitable division. This means that rather than dividing all assets evenly, they are split in a way that is fair to both parties.

To ensure you get what you are entitled to in a settlement, get our experienced Fort Lauderdale divorce attorney on your side. Find out what is subject to equitable distribution and how to make sure you get the maximum amount possible.

What Is Subject to Equitable Division in A Fort Lauderdale Divorce?

When getting divorced in Broward County, property and assets you and your spouse acquired during your marriage are subject to equitable division under the Florida Statutes. This applies to:

• Real estate, including homes, land, and rental or vacation properties;
• Bank accounts and investments;
• Pensions, 401(k) accounts, IRAs, and other retirement benefits;
• Vehicles, including cars, boats, campers, and motorcycles;
• Business interests, including digital storefronts and websites;
• Personal property, including jewelry, artwork, antiques, and collectibles.

The goal of equitable division is to distribute marital property fairly between the spouses. However, one may be entitled to a larger share. Factors that influence equitable division in a Fort Lauderdale divorce include financial need, each party’s contributions to the marriage, any marital misconduct, and taxes or other practical considerations.

How to Ensure You Get Your Fair Share Of Marital Assets In Fort Lauderdale Divorce Proceedings

When going through divorce proceedings in the Broward County Family Court, keep in mind the role equitable division of marital property and assets plays in protecting your future. To get your fair share, follow these steps:

• Document all assets and debts by gathering including bank statements, property deeds, and past tax returns;
• Get professional valuations for assets like real estate, businesses, or collectibles to determine their true value;
• Review retirement accounts and pensions to ensure they are properly valued and that you understand how they will be divided;
• Consider mediation or negotiation to save time, money, and emotional energy compared to a lengthy court battle;
• Protect your rights and financial interests by working with an experienced Fort Lauderdale divorce attorney who can help ensure property division is fair and thorough.

Working with an attorney who understands Florida’s equitable distribution laws can help get the maximum you are legally entitled to in your divorce settlement and any final orders.

Contact Our Experienced Fort Lauderdale Divorce Attorney for Help Today

Dividing assets equitably in a Fort Lauderdale divorce can be confusing and complicated, particularly when there is significant marital property involved. Sandra Bonfiglio, P.A. provides the trusted, local legal representation you need to guide you through the process.

To protect your rights and get the maximum amount you are entitled to in your settlement, contact our office for help. Schedule a consultation today with our experienced Fort Lauderdale divorce lawyer.

Sources:

leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0000-0099/0061/Sections/0061.075.html

browardclerk.org/Divisions/Family