Hometown Legal Support For Florida Families

Trusted DeLand Asset Division Attorneys

Last updated on June 5, 2024

Florida is an equitable division state, not a community property state. This means that, during a divorce, the court tries to help the couple divide their assets “fairly” rather than equally. One person may receive more than the other if the court believes doing so is fair.

At Akin Law P.A., we understand that couples moving toward divorce are often concerned about protecting their wealth and getting what they really deserve. We use our 35-plus years of experience to help you explore all your legal options and carefully consider every aspect of property division. Our attorneys are committed to our DeLand clients, and our legal team works hard to make the process go as smoothly as possible. Our team of Florida divorce lawyers also includes a fluent Spanish speaker.

Which Assets Are Included?

The assets you own as a couple will generally fit into two categories: separate assets and marital assets. Separate assets include gifts given directly to you or assets you brought to the marriage. Marital assets indicate things you purchased or obtained after your marriage began, such as income or a family home. There are some cases in which assets can change status. For instance, commingling an inheritance can change it from a separate asset into a marital asset.

To determine what is fair, the court considers all of the different factors in the case. For instance, a spouse who is the main breadwinner may receive fewer financial assets than a stay-at-home parent simply because they are not as dependent on those assets to make ends meet after the divorce. On the other hand, business owners may be looking to protect their businesses and financial assets by keeping those assets from a former spouse so that the business can continue operations.

Exploring Your Options

If you are facing divorce and concerned about getting the assets you deserve, call our experienced team today at 386-271-4740. You can also contact us by email to set up a consultation. Our team is empathetic, knowledgeable and committed to finding creative divorce solutions in Florida.