Florida’s laws are quite clear about the fact that all assets acquired and liabilities incurred during the marriage should be considered marital property. Since Florida is an equitable distribution state, Florida divorce courts divide marital property according to the needs of each spouse. It is rare for a judge to classify an asset or liability…
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Upon divorce, Florida law requires that all marital assets and property be equitably divided between the spouses. First, the court must determine which assets are considered to be marital property and which assets are separate (or non-marital) property. Generally, the courts will then start by presuming that all marital property should be divided 50/50, but…
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