Property Disposition During Divorce: Making Smart Decisions

The Florida divorce process requires an equitable distribution of assets from a marriage, which differs from asset distribution in community property states like Texas and California. While equitable distribution can result in an even split of property, this is not always the case. In the worst case, equitable distribution could strip the assets earned by one spouse and give most of them to the other. If you are considering divorce, now is the time to start protecting the assets you accumulated during marriage.

Preemptive decisions

During divorce, there are some actions you can take to help your case and prevent the loss of most of your marital estate. You should begin by compiling a list of all the family’s assets. Do it before you file the divorce action. List those assets that are your sole and separate property as well as those that belong to both of you. Identify those assets you will fight for and those you may use as bargaining chips for something else you want. If you have a prenuptial or postnuptial agreement, send the most recent signed copy to your attorney immediately.

You may discover that your spouse has attempted to hide assets. Do not follow their lead. Attempting such deception doesn’t work for long. The forensic accountants leveraged by your Fort Lauderdale divorce attorney will identify such schemes, which come with severe legal penalties. Your attorney can be your most knowledgeable advocate and counsel for ensuring asset protection.

Divorce should not devastate your financial future — contact us today

Vanessa L. Prieto Law Offices LLC has proudly served Fort Lauderdale in family law matters for more than 15 years. If you are facing divorce, call our office today at 954.687.9143, or contact us and a divorce attorney will respond to you shortly.