Equitable Distribution of Property and Assets
By Robert Sparks Attorneys
Feb. 4, 2011 10:03p
One of the most complex and emotionally challenging issues that can and
will arise during divorce proceedings is the issue of property division.
In marriages, there are two basic types of property, which include marital
property and sole or separate property. During the process of property
division (sometimes known as equitable distribution) the properties, assets
and debts of both parties are accounted for and divided between being
marital property or separate property. The court will then calculate the
financial needs of each spouse based on many factors including other divorce
situations such as with child support, alimony and child custody. With
the assistance of a Tampa divorce attorney on your side you can ensure
that your case goes as well as possible and that you are treated fairly
during the distribution, including protecting items that are important
to you or are exempt from the division.
Marital property is defined as all properties, assets or holdings acquired
during the course of the marriage, whether or not the property in question
is in the name of one or both spouses. This can include homes, vehicles,
and other financial holdings or properties. Separate property is all property
that belongs individually to each spouse and all items that are exempt
from division such as inheritance, gifts and objects or properties acquired
before the beginning of the marriage.
Property Division Lawyer in Tampa
If you believe you are heading for a divorce or are preparing for a divorce
you should acquire legal guidance from an experienced family law attorney
who understands the intricate laws regarding property division. At Robert
Sparks Attorneys, we have an expert knowledge of divorce laws and can
help you present the best possible case for your situation, giving you
your greatest chance of receiving the distribution of property outcome
that you are hoping for.
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