COMPLEX PROPERTY DIVISIONS IN SARASOTA, FL

Florida, an equitable distribution state as defined by Florida Statute 61.075, follows a unique process in determining and distributing marital assets and debts during divorce proceedings. Marital assets can include a wide range of properties such as real and personal property, retirement accounts, business interests, insurance proceeds, bank accounts, stocks/bonds, jewelry, automobiles, boats, and appreciation in value of non-marital interests.

Likewise, marital debts may comprise mortgages, credit cards, car loans, medical bills, and unpaid taxes or tax liens. Typically, all assets and debts acquired during the marriage should be divided in an "equitable manner." However, this doesn't necessarily mean a 50-50 split of all marital property, assets, or debts. Specific factors within the equitable distribution statute may affect the distribution in favor of one party.

If an agreement cannot be reached, the court will step in to determine the equitable distribution of marital assets and liabilities. It's crucial during this process to seek knowledgeable representation and advice. Flaherty Law Firm offers personal attention to each case and client, ensuring our clients are fully informed to make the best decisions during challenging times. Mark & Angela will personally evaluate each case, safeguarding each client’s interests and assets. They will also discuss with you the cost-benefit analysis of each legal decision, providing realistic options that can save both time and money.