Couples who divorce are sometimes faced with the challenge of dividing the assets and debts accumulated during the marriage. A prenuptial agreement outlines how property in divorce should be divided in the event of a divorce or legal separation; however, many couples forego a prenuptial agreement. When this happens, divorce lawyers are needed to ensure that the property, assets, and debts of the marriage are distributed equally.
Equitable distribution refers to the fair division of assets between spouses during and/or after a divorce. For the division of property, if there is no prenuptial agreement dictating how marital assets and liabilities should be separated, Florida courts will consider the contributions that each party made to the marriage. Those contributions include support of your spouse’s career or education, care for children, homemaking, and any interruption of career or educational opportunities.
The courts expect you to understand what can be considered a marital asset or debt and what should not be considered during this process. However, it can be overwhelming to try and collect this information alone. Miami’s divorce attorney Theodore H. Enfield has years of experience in the equitable distribution of marital assets and liabilities. He can help you identify assets and debts through financial records, bank statements, investments, trusts, pension plans, retirement savings, credit card debt, mortgages and many other sources.
Sometimes during a divorce, a spouse will try to hide assets from the other party. Our family law and divorce law firm in Miami, FL, can help you uncover assets and liabilities for equal distribution.
If you are going through a divorce in South Florida, contact the Law Offices of Theodore H. Enfield. He will help you resolve the distribution of marital assets and liabilities in a fair and equal fashion.
In Florida, the process of equitable distribution involves the following:
Equal and/or equitable distribution of assets and property after a marriage is beneficial because it allows both spouses to receive a fair share of property that accumulated throughout the marriage. The process allows spouses to leave a marriage with assets and property to transition into a new lifestyle and resettle.
At the Law Offices of Theodore H. Enfield, our experienced divorce lawyers have seen some of the most gruesome divorce cases in South Florida. We understand that divorces are never easy; however, the process of equal and/or equitable distribution of marital property often makes the concept of divorce (and the aftermath of a divorce) much more bearable. For experienced consultation, guidance, and legal advocacy, contact our Miami firm today.