The state of Florida follows the laws of equitable distribution during divorce and legal separation proceedings. Under equitable distribution, property is either considered separate or marital. The court deems the following marital property when distributing assets:
- Assets acquired by one or both spouses during the length of the marriage.
- Gifts given by one or both spouses during the marriage.
- Tested and non-vested benefits or funds occurred throughout the marriage in pension, retirement, insurance and annuity programs.
- Debt and expenditures accrued throughout the duration of the marriage.
Property may include, but is not limited to: homes, vacation homes, vehicles, furniture, jewelry, savings accounts, boats, etc.
Do you have questions about equitable distribution laws in the state of Florida? Contact Hutchinson Law today to speak with a Jacksonville family law attorney. A lawyer from our team will take the time to listen to your questions and provide you with guidance and reliable answers.