Equitable distribution

Florida is an “equitable distribution” state, meaning that with the dissolution of a marriage, all marital assets are to be divided equitably between former spouses. Equitably does not mean equally. When determining how to divide the marital property, the court begins with the premise that the distribution should be equal unless there is a reason for an unequal distribution based on all of the relevant factors, including:

• The contribution to the marriage by each spouse, including contributions to the care and education of the children and services as homemaker;
• The economic circumstances of the parties;
• The duration of the marriage;
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To save time and money, individuals may agree on a property split before the dissolution proceedings. This is known as a marital settlement agreement or a stipulated settlement. If the agreement is reasonable, the court may approve it as written and incorporate it into the Final Dissolution of Marriage.  Seek an experienced representation to help you negotiate a fair Marital Settlement Agreement.