Protecting Your Property In A Divorce
Property division is often one of the most highly contested matters in a divorce. Each side wants to receive his or her “fair share” of marital assets, 401(k) retirement plans, stocks and property holdings accumulated during the marriage.
At the law office of The Holman Law Firm, in Pensacola, we assist our clients with property division and asset protection during the divorce process. We carefully explain your legal options and work with you to set achievable goals.
Protecting your right to a fair equitable distribution of your marital property is very important. The assets you receive will help you build the foundation for your new life. To speak with an experienced divorce attorney, please call us at 850-316-8243 or toll free at 850-435-6909. We offer a free initial consultation to discuss your needs.
Florida Law Requires An Equitable Distribution Of Property
Florida is an equitable distribution state. This does not necessarily mean assets will be “split down the middle” in a divorce. For example, if the parties are joint owners of a business but one of the spouses runs it and the other is an equity owner only, a judge might award the entire business to the spouse running it.
However, the equity spouse would be compensated when the business is valued, which includes the value of the potential income it will produce in the future. Equitable distribution refers to the fair division of marital property. “Fair” can be a difficult concept to define in these situations, which makes having an experienced attorney critical to ensuring assets and debts are divided in a just manner.
How Are Debt And Property Divided?
All possessions accrued during the marriage, including bank accounts, retirement or investment accounts, and real property are reviewed in an effort to divide them equitably. Debts are also taken under consideration when our divorce lawyers work with accountants and other valuation experts to determine an accurate value of your marital estate.
Look To Us To Help Protect Your Assets
In some instances, our clients have suspicions that his or her spouse is hiding assets in an effort to protect them from being part of the divorce agreement. In these instances, we help our client determine what has happened to the missing money, or assets, and work to have it included in a fair equitable distribution scheme.
To arrange a consultation about property division and asset protection, please call us at 850-316-8243 or toll free at 850-435-6909 or contact us online. We serve the following areas: Pensacola, Pace, Cantonment, Florida.