When it comes to property distribution, states will either distribute marital property equally or equitably. The state of Florida happens to be an equitable distribution state, which means that family courts choose to distribute assets after considering factors like the length of the marriage, each spouse's income and the standard of living established during the marriage.
The majority of states distribute marital assets equitably, which is based off of British common law. In states where equitable distribution applies, the court determines a reasonable distribution plan that may award spouses more or less than 50% of the marital assets.
In states that follow equal distribution laws, like Wisconsin, all assets and debts are distributed 50/50.
Do you have questions about property division or equitable distribution laws? If so, now is the right time to get answers from a Jacksonville family law attorney. Simply contact Ellerin & Hutchinson to set up a consultation with a lawyer from our team.