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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Divorce can be the single most important event in your life. Make sure you gather lots of information so you can make informed decisions. Many people can benefit from the advice of a good, honest, loyal divorce attorney. The Divorce Center can provide a divorce attorney that can help you protect yourself. A lawyer is not an expense in a divorce case - they are an investment. We help clients in Hernando County, Pasco County, Pinellas County, and Hillsborough County. Our service area includes Tampa, Clearwater, Largo, New Port Richey, Brooksville, Dade City, and the New Tampa area. CONTACT US NOW or call 888-469-3486
Office Locations |
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7623 Little Road Suite 200B New Port Richey, FL 34654 (727) 844-7676 |
7635 Ashley Park Drive Suite 503K Orlando, FL 32835 407-982-5556 |
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703 W. Bay Street Tampa, FL 33606 (813) 774-4529 |
3000 W. Gulf to Bay Blvd 2nd Floor Clearwater, FL 33760 (727) 844-7676 |
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15310 Amberly Drive Suite 250 Tampa, FL 33647 (813) 774-4529 |
9040 Towncenter Pkwy Bradenton, FL 34202 941-538-6160 |
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Also serving the cities of Kissimmee, Dade City, Zephyrhills, Brandon, Valrico, Wesley Chapel, Tampa Palms, Sarasota, Palm Harbor, Dunedin, Riverview, Spring Hill, Brooksville, New Tampa, and the following Florida counties: Pasco, Pinellas, Hillsborough, Hernando, Manatee, Osceola, and Orange. |
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