Divorce is not easy, and when disputes arise, it can become even more complex, affecting the emotions of those involved.
Division of Property in a Contested Divorce
Florida divides marital property between the spouses based on the principle of equitable distribution. Marital property includes assets and debts acquired during the marriage, such as:
- Real Estate: The home, vacation properties, and investment properties
- Financial Assets: Bank accounts, retirement accounts, investments, and stocks
- Personal Property: Vehicles, jewelry, art, and other valuable personal items
- Business Interests: Ownership stakes in businesses or professional practices
- Debts: Mortgages, credit card debts, loans, and other liabilities