Making sure that you get the best possible outcome when going through a divorce is essential for your future mental and financial wellbeing. Taking early action to understand the laws that you will be subject to is one of the most important ways to ensure that you are prepared.
If you are going through a divorce in Florida, your marital assets will be divided equitably. This means that any assets that are deemed to be shared between you and your divorcing spouse will not automatically be divided 50/50 by the courts, but they will instead be divided in a way that the divorce courts deem to be fair and just.
Correctly categorizing marital assets
One of the most important things to do is to ensure that all marital assets are correctly identified. Marital assets count as any assets acquired by either spouse after the marriage took place, with the exception of inheritances, gifts, and lawsuit awards. Many people make the mistake of incorrectly assigning some of their personal assets to the marital pot, meaning that they incorrectly believe those assets are subject to division.
Showing that you deserve a significant share
When dividing a couple’s assets, the courts will consider many things, including the contributions that each spouse made to the marriage, both financially and non-financially. This means, for example, that your duties as a homemaker can be considered a fair contribution to your marriage — especially when they allowed your spouse to pursue a career.
If you are going through a divorce in Florida and you want to make sure that you get a favorable settlement, make sure that you take early action so that you are able to plan a successful strategy.