Equitable Distribution in a Divorce
Going through a divorce can be contentious, and one of the most challenging issues to deal with can be the process of dividing assets and liabilities. This process can often be made easier if you work with an experienced lawyer who understands what’s at stake and will take the time to explain how the law affects your case.
The divorce attorneys at the Law Offices of Thomas J. Donnelly have a proven track record representing men and women throughout Pinellas County and surrounding areas in divorce, family law and related issues such as equitable distribution.
Asset Division: Fair But Not Necessarily Equal
Florida is a state that takes an approach for dividing assets and liabilities called “equitable distribution.” This means that everything is divided fairly in divorce. Fairly does not necessarily mean the divide will be exactly 50/50.
There are a number of different factors that the courts will look at when making a decision on property division, so it is important you choose to work with an attorney who understands equitable distribution laws and how the details of your situation could affect the outcome.
Our attorneys take the time to explain the differences between marital and nonmarital property, and how gifting, inheritance and businesses are looked at in divorce. We have handled countless divorce cases, including divorce involving business owners, high-asset divorce and more.