Protecting Your Property During Your Divorce
Florida lawmakers have tried to simplify the property division process of divorce by using an equitable distribution model, instead of the community property model used by other states. In this model, all marital property and debts are initially presumed to be divided equally between the two divorcing spouses. This is the starting point.
However, there is rarely a clear-cut division of martial assets and debts. Marital property can consist of a variety of complex assets that are not easily divided, such as pensions, annuities, collections, stock options, real estate holdings, trusts and savings. This goes beyond dealing with the house and the car. Additionally, some property and debts acquired during marriage do not fall into the category of marital property. This property is not subject to equitable distribution during the divorce.
At the law firm of Anne E. Raduns, PA, we know how to overcome the uncertainties of property division. We are committed to protecting your property during your divorce.
For a low cost initial consultation with divorce lawyer Anne E. Raduns, call us today at 352-433-4244 or contact our offices online.
Classification: Is it Marital Property or Isn't It?
The first thing that needs to be determined is which property and debts are classified as marital property and which aren't. If it was acquired prior to the marriage, it is not marital property, as long as it is still discernable. Unfortunately, there are situations in which property becomes so intertwined with marital property that it is no longer easily separated.
We are experienced at representing men and women in property division and classification matters, carefully determining whether property is marital or non-marital and if marital property has been commingled or lost it's non-marital identity.
Valuation: How Much is the Property Worth?
After property is classified, the next step in equitable distribution is determining how much marital property is worth. We frequently handle high-asset divorces and understand the intricacies of handling these matters.
We have the ability to address valuation of even the most complex assets, such as professional practices (lawyers, doctors, engineers, accountants and architects), pension plans and stock options, unique collections and more. We will not hesitate to delve into our network of experienced professionals — including actuaries, appraisers, real estate brokers and other specialists — to obtain a fair value of all marital property, as well as debts.
Contact Us for a Low Cost Initial Consultation
To discuss equitable distribution with attorney Anne E. Raduns, call us at 352-433-4244 or contact our offices online. Our law firm offers services to people in Ocala and throughout North Central Florida.
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