For years, lawmakers in Florida have worked to simplify the property division process. This was done using the equitable distribution model rather than sticking with the community property model that is used in several other states.
Under the equitable distribution process, all marital property, assets, and debts that are acquired in your marriage are initially divided equally between you and your ex-spouse. However, this is just the starting point.
There is rarely a clear and even division of marital debts and assets. Because of how complex this situation can be, Griffin Family Law is here to help. We can review your case and situation to ensure that you get what is fair during the property division process.
What Is Considered Marital Property?
Marital property is made up of several complex assets that are not always easy to divide. This includes things like:
- Real estate holdings
- Stock options
As you can see, this goes beyond dividing your car and home. Also, some property and debts are acquired during your marriage that will not be considered marital property. In these situations, the property is not part of the equitable distribution process during your divorce.
At Griffin Family Law, we know how to overcome all the uncertainties that go along with property division. We are committed to helping protect your property throughout the divorce process. We are also ready to fight for your rights and help you achieve the desired outcome for your divorce and the property division process.
Determining What Is and Is not Marital Property
One of the first things to determine is what debts and property are considered marital property and which ones are not. If the item in question was acquired before you were married, then typically it is not marital property. This is the case if it is still discernable.
However, there are situations where your pre-marital property becomes mixed with your marital property, or there is marital appreciation in non-marital property, and it is no longer simple to separate. We will help with property division and classification issues. We can determine if the property should be viewed as a non-marital or marital asset, if it is commingled, or if it has lost the non-marital classification.
Valuing the Property in Question
Once the property is classified, the next step of the equitable distribution process is determining what it is worth. We are experienced when it comes to handling high-asset divorces. We also understand how complicated these matters can be.
We can handle the valuation of even the most complex assets and ensure a fair valuation is provided. This includes unique collections, stock options, pension plans, and even professional practices. We will not hesitate to utilize our network of professionals, including real estate brokers, appraisers, actuaries, and other specialists, to help determine a fair value for all your marital property, assets, and even your debts.
Contacting a Neptune Beach Division of Assets Attorney
When it is time to divide your marital assets, there are several issues and complexities that may come into play. Because of this, it is beneficial to have Griffin Family Law on your side. We can evaluate your situation and help ensure you get a fair amount of your acquired assets during your marriage.
We will also work to protect your assets before your marriage. When we represent a client, you can count on us to keep your best interests and needs top-of-mind at all times. In the end, our goal is to ensure that your goals are met.
Mr. Griffin has years of experience managing all types of divorce cases. We can oversee any type of asset division situation, from high-asset divorces to complex assets and more. Give us a call and set up a consultation to get started. We serve clients in Neptune Beach, Florida and the surrounding areas.