Division Of Property
Starting over after a divorce is challenging enough. You do not want to do it empty-handed. That is why it is so important to achieve a fair division of property. However, property division is a complex matter. To ensure that you do not lose your assets in the divorce, you need an experienced attorney on your side.
At the Dingus law firm, we have more than 20 years of experience guiding people through the divorce process in Panama City and throughout Florida. We are prepared to overcome any challenge related to property division. We are well-versed in handling everything from division of the family home to division of businesses and business interests.
How Is Property Divided in Florida?
Florida law calls for equitable distribution. Do not mistake equitable for meaning the same as equal. Equitable means fair. Fair is not always equal.
To determine what is fair, there are many factors that must be considered. These factors include the length of the marriage, the economic situation of each spouse, the amount of non-marital property that each spouse possesses and more.
In the eyes of the law, it may be fair for one spouse to get a larger portion of marital property if, for example, he or she chose to forego educational or career opportunities to raise a family. Our goal is to pursue an outcome that is fair to you.
Not All Property Is Subject To Division
Only marital property is subject to division. Non-marital property, which includes property owned prior to the marriage, as well as some other property such as inheritances, may not be divided in the divorce. One of the most important things that we do is take care to isolate any property that you have that may not be subject to division.
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