For any couple going through divorce, the distribution of marital property can be challenging in various ways. That said, you may be facing even greater challenges if you are in the middle of a high asset divorce. In Lee County, and communities throughout Florida, the financial ramifications of divorce under these circumstances can be significant for both parties and it is important for you to understand some of the factors that the court may take into consideration when deciding how to divide your marital property.
According to the Florida Legislature, courts take a number of factors into consideration when determining how marital property should be distributed between a couple that is splitting up. For example, the court will look at the length of a couple’s marriage and each party’s financial condition. Moreover, courts will review individual contributions made by each spouse and whether one party wishes to retain the family home for the couple’s child to live in. Other factors, such as purposely destroying marital assets after the divorce filing, can also impact the way property is split up.
Whether you are struggling with the division of your marital property or have any other questions related to your divorce, it is important to prepare yourself for any obstacles that may lie ahead. By taking the right steps, you may be able to lessen the financial burden of separating from your spouse. You should also keep in mind that this writeup is provided for general informational purposes and is not to be taken as legal counsel.