Marital Assets – How are they divided in a Jacksonville FL Divorce?
In a nutshell, marital debts and property are divided equitably. As a general rule, the judge will determine the net accumulation of debts and assets from the date of marriage until the date of separation and apportion half to each party.
While “equitable” is usually synonymous with “equal,” it is not always the case. Other issues come into play, such as:
- unequal incomes
- destruction or disposal of marital assets
- unequal accumulation of debt
- contribution to the marriage by each spouse
- contribution to the care and education of the children
- contribution of one spouse to the career of the other spouse
- economic circumstances of the parties
- duration of the marriage existence of dependent child of the marriage
In the end, the judge will adjust the division of marital assets and debts in a manner that he deems fair.
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