Equitable distribution is the process in which the Court divides marital assets and liabilities during divorce proceedings. Florida Statute §61.075 defines this process and includes factors that the Court considers when determining whether property acquired during the marriage is martial or nonmarital.
Once you determine the home to be a marital asset, you need to decide what to do with it. In most cases, the parties chose to sell it. So, what’s next?
When is your home considered marital property? Just because you and your spouse lived in a home during the marriage does not guarantee you interest in it.
Here are some of Florida Courts consider marital property and liabilities:
How is the division of marital assets divided when one spouse is unfaithful? Find out here: