Divorces in Florida typically split the parties’ assets and liabilities down the middle as much as possible. Determining what is a marital asset or liability or a non-marital asset or liability can be key to whether an asset or liability will be considered in the calculations. Before filing for divorce, you should consider the following items when thinking about equitable distribution:
- Previous Inheritance
- Marital Home
- Other real estate owned
- Businesses
- Personal Property such as jewelry, furniture, etc.
- Vehicles
- 401Ks
- IRAs
- Pensions
- Boats
- Life Insurance
- Health Insurance
- Bank Accounts
- Stocks and Bonds
- Mortgages
- Loans
- Credit card debt
- Business Debts
- Taxes
- Premarital or Postnuptial agreement
- If military, years of active duty service
Mandatory disclosure is required to specifically address equitable distribution. Documents you may need to review according to Mandatory Disclosure may be as follows: Pay stubs or evidence of income, Federal and State income tax returns, IRS form W-2, IRS form 1099, and IRS form K-1, loan applications, deeds, leases, checking account and savings account statements, money market statements, certificates of deposit statements, brokerage account statements, IRA statements, 401K statements, pension statements, declarations pages for life insurance policies, current health and dental insurance cards, corporate/partnership/trust tax returns, promissory notes, credit card and charge account statements, premarital or postnuptial agreements, court orders of spousal or child support, home appraisals, receipts, military survivor benefit plan information, VA Disability or DoD disability information.
Equitable distribution can be a complicated issue in Florida divorces even for parties with minimal assets and liabilities. You need an experienced Jacksonville Divorce Lawyer to assist you. Contact the Law Office of David M. Goldman, PLLC for a free consultation.