Pursuing Equitable Division Of Assets In Divorce
In any marriage, there are both assets – money, property, investments and items the couple owns – and debts. Both are divided when a marriage is dissolved. But what does it mean that they are divided “equitably”? This depends on various factors.
Why Equitable Does Not Always Mean Equal
Many people enter a divorce believing the shared assets will be split down the middle. This is common, however during traditional divorce litigation other dynamics of the marriage may be evaluated to support an unequal distribution such as:
- Contributions to care and education of children
- Services as a homemaker
- Economic circumstances of each spouse
- Length of the marriage
- The desirability of keeping certain assets (an interest in a business, corporation, or professional practice)
- The income contribution of each spouse and incurring of liabilities
- Any other necessary factors to consider
The answers to these questions can affect the way property is divided. In Florida divorce, the debt is also divided “equitably.” In most cases, this means both spouses will be responsible for paying off what is owed. In some cases this may mean that one person receives all or a larger share, depending upon how the assets have been divided.
These factors can also affect the amount and type of alimony that is ordered.
Guidance From A Reputable Family Law Attorney
Attorney Kim Kaszuba founded KLK Family Law in order to provide personalized, customized representation to clients seeking help with all types of family law issues. .
Kim has worked with hundreds of clients and has resolved practically every type of asset and debt division matter involved with family law.
She knows the law and can offer advice on your particular circumstance and what is likely to happen given the specifics of your marriage. She will act as your dedicated advocate to pursue a reasonable and fair division. Whether a resolution can be reached outside of court, via mediation or collaboration, or in court, Kim has the knowledge to help.
Contact Kim Kasbuza For Help Today
Find out more about the Florida property division process. Call 727-314-2094 and speak with attorney Kim Kaszuba about your specific case.
As an experienced, top-rated, board-certified divorce lawyer, Kim assists clients in Hillsborough and throughout Pinellas County. Whatever the situation, Kim is prepared to help you achieve a favorable resolution. You can also reach Kim at KLK Family Law via inquiry email.