If you have more than one home in Florida and you are considering filing for a divorce, it is understandable that you may become concerned in regard to how your assets might be divided during the process. When it comes to complex asset division such as this, it is important to get familiar on your state’s laws regarding the matter. This is because different states have different rules.
In the state of Florida, community property laws are not followed. This means that how property is divided will depend on the specific circumstances, and will be ruled by a judge. The judge will consider several factors in relation to the marriage and the circumstances of the divorce, and these factors will be used to determine who should keep secondary properties after the divorce has been finalized.
Who was at fault?
Florida is a no-fault state when it comes to divorce; however, this does not mean that fault cannot be used to influence asset division decisions. If one person committed adultery during the marriage, he or she may be entitled to less when dividing property.
Who earns more?
The judge will want to make sure that each divorcing spouse will be able to live a similar standard of life after the divorce. Therefore, if one spouse has a lower earning capacity, this might affect the assets he or she is granted in the divorce.
If you want to know how your divorce circumstances in Florida will affect the way that assets are divided, an experienced divorce attorney can provide more information.