Property Division During Divorce: Safeguarding Your Hard-Earned Assets
Facing a divorce can feel like standing on shaky ground, especially when your hard-earned property and finances are at stake. You’ve worked hard for what you own. It’s more than just property – it’s the foundation of your financial security moving forward. You deserve a legal advocate who can protect your property interests so you have the resources you need for a comfortable post-divorce life.
I can help. I’m Kenneth Louie, a Plantation-based lawyer with more than ten years of experience in Florida family law. I possess a deep understanding of the many nuances of property division. You can rely on me as your champion during the divorce process.
Navigating The Terrain Of Equitable Distribution In Florida
In Florida, property division follows the principle of equitable distribution. The goal is to distribute property in a way that’s fair for your unique circumstances, which isn’t always 50-50.
Another important thing to know is the difference between marital versus separate, or nonmarital, property. Marital property includes most assets and debts that either spouse obtained during the marriage. That property is what’s divided during divorce. Nonmarital property refers to assets and debts that each spouse obtained before the marriage. It also includes certain property that one spouse individually obtained during the marriage, such as gifts and inheritances. This property generally isn’t divided.
Key Factors Impacting Property Division
Several factors influence how property is divided during a divorce, including:
- The length of the marriage
- The economic circumstances of each spouse
- The contributions of each spouse to the marriage, including staying home to raise children and contributions to the other spouse’s career development
- The child custody arrangement and award of the marital home
- The existence of any marital agreements, prenuptial or postnuptial
Understanding these factors and how they apply to your situation is the key to achieving a favorable outcome. I can help you address both contested and uncontested issues, taking a strategic approach to protecting your interests.
Start Protecting Your Assets And Your Financial Future
Navigating property division during a divorce can be daunting, but you don’t have to do it alone. With my extensive experience and personal approach as a solo attorney, I’m here to guide you through each step. Start today by calling my office, The Law Office of Kenneth J. Louie, at 954-546-7328. You can also reach out online for a free consultation.