Cash, Stocks, Bonds, CDs, & Debts
Florida law requires a 50/50 split of money and debt most of the time. But the court can allocate money or debt to the spouse that earned the money or incurred the debt. Sometimes, the court will award more money to one spouse to balance out an unequal award of property (such as a house).
The goal is to equalize property between the spouses and an allocation of money and debt will be used to achieve that goal.
However, there are special circumstances that may apply. For example, an inheritance to one spouse that is kept in the bank, never touched, and not used for marital support will probably remain the property of only one spouse.
The court will also look at problem situations, such as when one spouse improperly hides or wastes cash. Where large sums of money are involved the court may enter an order temporarily freezing a bank account to prevent waste. If money is missing due to the fault of one spouse the court may order an unequal distribution of property to compensate.
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