Florida is called an “equitable distribution” state. Simply put, this means that when dividing property, the division should be fair and equitable. There is a presumption that 50/50 is the starting point. Remember, Florida divorce is not designed to create a “winner or loser” situation where one party makes off with the lion’s share of the assets. Under the “No fault” concept, there is no good guy or bad guy. If all the assets were acquired during the marriage, through the effort and earnings of one or both parties, the division is to be equitable, or meaning just and fair considering all the circumstances.
There are exceptions to this rule. However, the subject of equitable distribution is complex and we have presented a very simple example just to give you some insight on the subject.
Law Firm Website Powered by Ewareness