Florida operates beneath the precept of equitable distribution in divorce proceedings, that means marital belongings and liabilities are divided pretty, although not essentially equally. This contrasts with a strict group property strategy the place a 50/50 cut up is remitted. As an example, if one partner considerably contributed to the acquisition of an asset, or if one partner dissipated marital funds, the courtroom could deviate from a wonderfully even division.
The idea of equity in asset distribution is essential for guaranteeing a simply final result, notably when contemplating components such because the size of the wedding, contributions made by every partner (each monetary and non-financial), and financial circumstances. Traditionally, divorce legal guidelines typically favored the partner deemed much less at fault for the dissolution of the wedding, however equitable distribution shifts the main target to a extra pragmatic consideration of financial wants and contributions in the course of the marriage.
