Florida is an equitable distribution state, which means that during a divorce, marital assets and liabilities are divided in a manner that the court deems fair and equitable, rather than automatically splitting them 50/50. The court will consider various factors to determine a fair distribution, including:
1. Each spouse's financial situation and earning capacity.
2. The length of the marriage.
3. Each spouse's contributions to the marriage, both monetary and non-monetary.
4. The economic circumstances of each party.
5. The desirability of retaining any asset, such as a family home, for the well-being of any children.
6. Any other factors the court deems relevant.
While an equal division of assets and debts is often considered fair, the court has the discretion to deviate from a 50/50 split if it deems it necessary and justified based on the circumstances of the case.
It's important to consult with anexperienced family law attorney in Florida who can provide guidance tailored to your specific situation and help you understand how the equitable distribution laws may apply in your divorce case.