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Divorce can be a challenging and emotionally charged process, particularly when it comes to dividing marital assets. One common marital asset that frequently comes under scrutiny during divorce proceedings is real estate. This category of property may encompass the marital home, land, investment properties, vacation homes, and more. Understanding how Florida law governs the distribution of these assets is crucial for individuals facing divorce.
The Concept of Equitable Distribution
Under Florida divorce law, real estate held jointly by both spouses is subject to what is known as “equitable distribution.” This principle is defined in Florida Statute §61.075, which outlines how marital assets and liabilities are to be divided during divorce proceedings. It is important to note that the court will generally divide real estate assets 50/50 unless specific factors within your case suggest that an equal split would be inequitable.
The initial step in this process is to ascertain whether the real estate in question is classified as marital or separate property. Only marital property is subject to the equitable distribution guidelines established under Florida Statute §61.075. If the property is determined to be marital, it is essential to include a “partition claim” in your divorce petition, formally requesting the court to sell the property and divide the proceeds. This claim is vital because the Florida courts lack the authority to partition property solely due to the occurrence of a divorce, as established in cases such as Valentine v. Valentine and Bergh v. Bergh.
Marital versus non-marital
In Florida, non-marital property (typically property purchased prior to the marriage) is generally not subject to equitable distribution. However, certain circumstances can lead to the classification of separate real estate as marital property. A significant case in this regard is Farrior v. Farrior, where the Second District Court of Appeals determined that commingling of funds—such as using marital funds to pay down a mortgage on a property titled in one spouse’s name—can warrant the division of that separate property in divorce.
For instance, if real estate is titled solely in one spouse’s name but marital funds were utilized to reduce the mortgage balance, the court, as seen in Mitchell v. Mitchell, would subject that property to a partial equitable distribution. A thorough analysis would then be necessary to ascertain the exact portion of the property that qualifies for equitable distribution.
Tenancy by the Entirety
In Florida, when a couple marries and jointly purchases real estate, it is presumed that the property will be held as a tenancy by the entirety. According to Florida Statute §689.115, this arrangement means that the real estate is owned by the marital union rather than by the individual spouses. If the title is held as tenants by the entirety, the property will generally be presumed to be a marital asset, even if it was acquired prior to the marriage. Thus, understanding the title and ownership structure of your property is critical to ensure that equitable distribution is conducted fairly and accurately.
The Complexity of Equitable Distribution
Equitable distribution can become quite complex, influenced by various factors such as the duration of the marriage, the contributions of each spouse to the acquisition of the property, and the specific circumstances surrounding the divorce. Given the intricacies involved, it is advisable to seek the guidance of an experienced attorney who can navigate the complexities of real estate division during divorce.
Real estate is often one of the most significant assets involved in a divorce, and understanding the nuances of equitable distribution under Florida law is essential for ensuring a fair outcome. Whether dealing with the marital home, investment properties, or other real estate holdings, navigating these waters requires careful consideration and expert legal advice.
If you or someone you know is in need of guidance regarding real estate matters in divorce, we invite you to consult with one of our skilled family law attorneys at the Yaffa Family Law Group. Please contact us at 561-276-3880 or visit our website at www.yaffafamilylawgroup.com to schedule your confidential and complimentary consultation. Your future is important, and having knowledgeable legal support can make all the difference in navigating this complex process.
