Emotionally and socially, a divorce can be complicated and upsetting. Legally and financially, there are often complexities, as well. However, the most fundamental feature of any divorce is the same: division of property and debts. When there are minor children of the marriage, a child custody order and determination of child support will be part of a divorce decree.
"Equitable distribution" is a term that describes the principle of a Florida divorce. Keep in mind that equitable distribution of assets and debts does not necessarily mean there will be a 50-50 split of property including:
- Bank accounts
- Real estate
- Vehicles
- Stocks and bonds
- Household goods
Often, particular assets and/or debts become part of negotiations that address the question of alimony or spousal support. Every marriage is unique, and those unique aspects should be taken into account during property division negotiations.
- Did one spouse earn a living and "put husband through" (or "put the wife through") college, medical school or any other type of professional training?
- Did one spouse stay home to raise children and take care of the household while the other was gainfully employed?
- Are there other inequities in contributions that each spouse brought into the marriage or made during the marriage?
- Does one spouse own a business?
- Does either spouse have special needs such as a physical disability or chronic illness that prevents him or her from working?
A family law court judge will most likely consider factors such as these when determining what is an equitable distribution of assets and debts. If there are minor children, a child custody order will also be addressed in your divorce. Orlando divorce lawyers at the Law Offices of Fisher & Frommer, PLLC, have the degree of in-depth knowledge and experience that clients seek as they craft asset distribution agreements the judges will approve of.
Contact an Orlando Family Lawyer
Get the personalized legal counsel and representation that you need to face the reality of your divorce with confidence. The Law Offices of Fisher & Frommer, PLLC, offers clients one-on-one access to an attorney. To schedule a consultation, call or e-mail our law offices in Lake Mary, Orlando, or Tampa.
