In property division for divorcing couples, Florida is an equitable distribution state. Under equitable distribution, a court is required to do what is fair (or equitable) in relation to each spouse’s assets and liabilities.
The starting point in equitable distribution is a 50/50 division split. Courts will then look at the financial situation each spouse will be in following the divorce. Although equitable distribution is more flexible, it is harder to predict the actual outcome since the factors are considered subjectively. Factors considered in equitable distribution include:
When courts handle distribution of property, they first consider parenting time, followed by equitable distribution, then alimony and then child support, with all determinations based first upon need and then upon ability to pay.
An experienced family law lawyer can help you navigate this system. Jennifer Byrom is an attorney with more than 30 years of family law experience. She and her team provide each client with personal service and someone to talk to at all phases of the divorce process.
In the Florida Panhandle area, including Pensacola, Milton and Gulf Breeze, call the Byrom Law Firm at 850-898-0340 or contact us online.