As your marriage comes to its end, you’ll be faced with numerous financial obligations. To better understand your own finances and how to handle splitting monetary assets and debt in a divorce, it’s important to consult with an experienced family law firm in Jacksonville. Doing so will help protect your rights and your assets when you are getting divorced.
The State of Florida is not a community property state, where everything is divided 50-50. It is much more complicated. There are many factors to consider including joint assets, such as bank accounts, the family home, automobiles, stocks, bonds, and other investments, and that is just the start.
Another factor to consider is how much money each spouse contributed to the combined accounts, and whether one or both are able to support themselves (and possibly children) after the divorce. It is wise to seek the advice of a family law firm to help you establish a framework of how to financially handle post-divorce expenditures.
Unless you are a CPA or lawyer, it is in your best interest to choose a family law firm in Jacksonville that is experienced with dealing with finances during a divorce. With the help of your lawyer, dividing marital assets will be more equitable and less stressful for both parties.