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What constitutes marital assets in Florida?

Best divorce attorney in Tampa, Gary Dolgin shares some important information regarding this.

In Florida, the division of assets and liabilities during a divorce follows the principle of equitable distribution. This means that all marital property and debts are divided fairly between the spouses.

The distribution of all marital assets and marital liabilities, whether equal or unequal, shall include specific written findings of fact as to:

(b) Identification of marital assets, including the individual valuation of significant assets, and designation of which spouse shall be entitled to each asset.

This process begins with a thorough inventory of all assets acquired during the marriage, regardless of whose name the asset is in.

Marital assets can include real estate, bank accounts, retirement accounts, investments, vehicles, businesses, and personal property such as jewelry and furniture.

Both parties are required to disclose all relevant financial information and documents to ensure that all assets are accounted for. This might involve gathering financial statements, property deeds, vehicle titles, business records, and appraisals.

If you’re going through a divorce, it’s crucial to understand your rights and the factors that influence asset and liability division. Seeking guidance from a knowledgeable attorney can ensure a fair outcome.

If you are considering divorce and have questions about equitable distribution, we can help you here at The Law Offices of Gary S. Dolgin.

With over 33 years in practice, Board Certified Expert in Marital and Family Law, Gary Dolgin is an experienced and knowledgeable divorce attorney in Tampa who can represent your best interests.

To schedule a consultation with Gary S. Dolgin, Attorney At Law, call (813) 999-2772 and it will be our pleasure to help you.

To see what past clients have to say about retaining Gary Dolgin to represent them during their divorce, and to learn more about divorce, visit:
Best Divorce Attorney in Tampa – Gary S. Dolgin

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625 E. Twiggs St., Suite 101i
Tampa, Florida 33602

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