Practice Area
Equitable Distribution
Florida Property Division Attorneys — Boca Raton, Parkland, Boynton Beach, and Delray Beach
Marital property in Florida is divided according to the law of equitable distribution. This means that a couple's property and assets are not necessarily divided 50-50 throughout the course of a divorce. The assets and property accumulated during the course of the marriage are divided equitably at the discretion of the court.
Barbra brings extensive experience to marital property division matters. Barbra's approach is to help clients understand the economic ramifications of the choices they face in divorce asset protection and property division. When appropriate, Barbra works with financial experts to assist in the process.
Types of Property Subject to Equitable Division
Homes, property, and physical possessions are not the only types of assets subject to division. Monetary assets and accounts that may be divided upon divorce include:
- Retirement accounts and 401(k)'s
- IRA and Pensions
- Health insurance
- Stocks, bonds, and brokerage accounts
- Social Security disability benefits
Marital Debt Is Also Subject to Division
The debt accumulated by the two parties throughout the marriage is also subject to equitable division. This is designed to ensure that a large amount of debt will not be left solely for the party with the lower income-earning ability.
Barbra helps clients understand marital debt division and how it may factor into property division. If the debt was incurred by one spouse for their exclusive benefit, it may be possible to assign it to that spouse as a portion of their share of the debts.
Contact Barbra — Boca Raton Property Division Attorney
For more information about property division matters involved in your divorce, contact Barbra Amron Weisberg, P.A. today at 561-292-0030.