The Property Division Process
Determining a Fair Distribution
Florida is a 50/50 divorce state, which means that property division is divided equally between both parties in a divorce. Often, however, this does not mean both parties receive an equal amount. A judge may deem an exact 50/50 is unfair and, thus, decide that the divorcing couple’s property be split unevenly to ensure the distributed assets match both couples’ needs. EQUAL DIVISION When it comes to the value of bank accounts or credit card debt, this divide is relatively easy. But other assets are not as easy to value and require an appraisal before they are distributed to either person. A forensic accountant or appraiser will be appointed for a more equitable valuation of the couple’s property and assets. While this method is a crucial part of the divorce and property division process, it is known to cause problems if neither person can agree on the value of certain marital assets. This includes real estate, alternative investments, yachts, jewelry, art, and other collectibles. MARITAL AND NON-MARITAL The only time things may not be split evenly is if an asset is non-marital, which means the asset was owned prior to or inherited during the marriage. As long as the money or items are and have been kept separate from marital assets, they will be given to the spouse they belong to. That said, there are situations in which “rebuttable presumption” applies, which dictates that all assets or liabilities owned by either spouse are marital in nature and thus part of the equal division of the marital net worth. In other words, all assets and liabilities are marital unless proved otherwise.
The division process can be a complicated process, which is why you need a divorce attorney on your side. A divorce attorney can get in touch with a fair appraiser to work on the valuation of the assets involved in your divorce. What’s more, an experienced divorce attorney will know how to properly navigate property division and will guarantee you receive a fair and equal share of the assets involved.
If you have any questions about property division, call Bruce Law Firm today at 561-810-0170.
Bruce Law TEAM
Spring Vegetable and Chicken Pasta Bake
Ingredients
Inspired by TheSeasonedMom.com
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1 cup cooked chicken, diced 1 14-oz can artichokes, drained and quartered 1 cup fresh asparagus pieces
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1/2 cup fresh chives, chopped and divided
1/4 cup fresh parsley, chopped and divided
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2 tsp minced garlic
1/2 cup carrots, grated
1/4 tsp salt
1 1/2 cups uncooked penne pasta
1/4 cup grated Parmesan cheese, divided
1 3/4 cups chicken broth
Directions
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Cover the dish tightly with foil and bake for 35 minutes. Uncover and stir. At this point, check the pasta to make sure it is al dente. If it’s undercooked, cover the dish and return to the oven until pasta is tender. Remove from oven and garnish with remaining Parmesan, chives, and parsley.
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Preheat oven to 425 F and grease an 8-inch square baking dish with cooking spray.
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In the prepared dish, stir together cooked chicken, artichokes, asparagus, carrots, uncooked pasta, chicken broth, half the chives, half the parsley, garlic, salt, and 2 tbsp Parmesan.
The Firm attending and participating in a Psychodrama Workshop
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