Experienced Tampa Equitable Distribution Attorney

A Tampa Equitable Distribution Attorney often works with financial experts to accurately assess the value of various assets, including businesses, real estate, and retirement accounts, ensuring a fair division.

Inheritances are typically considered separate property and not subject to division. However, if the inheritance was commingled with marital assets, it might be partially divided. A knowledgeable attorney can provide specific guidance.

Florida Statute Chapter 61.075 governs the equitable distribution of property, assets, and liabilities. The courts take a stance that upon marriage, everything that is put into the marriage, including property, assets, and liabilities, until the date that the parties file for divorce is all part of the marital pot. Initially, the presumption is that the marital pot is to be distributed equally, therefore, 50-50 equitable distribution. However, if there are proven justifications that the marital pot should not be divided equally, then it may be an unequal distribution. Some circumstances where the parties would have an unequal distribution are if there was a depletion of marital assets for purposes of an extramarital affair or other conduct which intentionally wasted, depleted, or destroyed an asset. A few of the other factors the Court may look at is each parties’ contributions during the marriage, duration of the marriage, interruption of education or careers, or other factors to do justice between the parties. The courts normally will take a presumptive 50/50 stance with regard to property, assets, and distribution of liabilities; however, there are circumstances where the parties might receive an unequal distribution.