South Florida Property Division
When a couple gets divorced in South Florida, one of the most important steps in the process is dividing marital assets. Everything that the couple owns can likely be split into two categories: marital assets (obtained jointly during the marriage) and separate assets (brought to the marriage by each person). Once these have been classified correctly, assets that are owned jointly have to be divided as the marriage dissolves.
This can be a complex process, which is why it is important to have experienced and dedicated legal assistance. Attorney Byron Acosta prioritizes close client relationships and clear communication, so his clients always know exactly where they stand and understand the status of their case. He also offers free initial consultations, so those going through a divorce can get the legal advice they need from a Florida property division lawyer without any financial risk.
Florida’s Equitable Distribution Laws
Some states use equal distribution laws, meaning that property is split 50/50. However, Florida follows equitable distribution, which means that the court looks at a variety of factors and attempts to determine what would be fair in that situation. They may consider things like each person’s earning potential moving forward, their sources of income, the existence of a prenuptial agreement and the parents’ roles within the family prior to the divorce – such as if one person was working as the main breadwinner while the other left the workforce to be the main caretaker for the children.
Common assets that go through equitable division include:
- Family homes, vacation properties and other real estate
- Jointly owned vehicles
- Family businesses
- Jewelry, art collections and other valuable tangible assets
- Bank accounts and investment portfolios
- Retirement accounts and pension plans
Every situation is unique, but attorney Byron Acosta can help couples inventory their assets, classify them correctly and understand their legal rights as they go through property division. He can also assist in resolving disputes over the value of assets or how they should be divided.
Call For A Free Consultation
If you are moving through a divorce, call 561-708-4777 today or use the online contact form to set up your free initial consultation and begin exploring your legal options.