Man using calculatorThis is the first post in a series which will discuss the issue of asset and debt division for those going through a Melbourne, Florida divorce. I am writing on this topic due to the fact that, for obvious reasons, divorcing individuals are typically concerned as to how their finances will be impacted by the end of a marriage. This concern can cause some to stay in a bad marriage or engage in choices which can harm their financial future. The goal of my coming articles is to provide information which will help people to fully understand their options. It is also my goal to provide information which will assist in the selection of a divorce lawyer. If you require assistance then contact my office today to speak with an attorney.

I will be discussing multiple topics over my coming articles. Issues which I will be analyzing include:

  • How Florida divides property and debt in a divorce
  • Proving whether property debt are “marital” or “separate”
  • How the division of assets can impact alimony or spousal support
  • The division of retirement assets

There are several reasons why I am choosing to address these issues. First, it is important to understand that Florida is not a “community property” state. This means that assets and debts will not necessarily be divided “50-50.” Second, there can be disputes as to whether assets or liabilities are to be considered “of the marriage.” The discovery process provides tools with which an attorney can obtain proof regarding the nature of such items. Third, a spouse’s property and debt positions can impact whether the Judge awards alimony. Finally, and for understandable reasons, many are often concerned with how their pension or 401(k) will be impacted by a divorce.

One point I cannot stress enough is that you should contact a family law attorney as soon as possible if you are going through the end of a marriage. You are entering a new phase of your life and it is important that you begin this phase in as good a position as possible. That position will be dramatically impacted by how the Court divides assets and debts. As a Melbourne divorce lawyer I am experienced in handling such matters. Contact my office today to schedule an initial consultation. We also service clients in the Brevard County cities of Titusville, Cocoa, Palm Bay, Grant, Valkaria, and Rockledge, as well as in the Indian River County areas of Fellsmere, Sebastian, Vero Beach, Indian River Shores, and Orchid.

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