To say that divorce is complicated would be an understatement, especially when it comes to the division of property. If you don’t have children, this is likely the most contentious part of your divorce, and if you have children, the division of property makes issues like child custody and child support more complicated.
In Florida, there is no equitable distribution vs. 50/50 distribution debate. Divorces in the state are required to use the equitable distribution model. This can have substantial implications for their financial futures.
If you fear just how complicated this process can get, Untying the Knot’s online divorce platform streamlines the equitable distribution process. We’ve designed it to create a simpler path forward for equitable distribution and most aspects of divorce. Check out our services to learn how they can benefit your case.
The term ‘equitable’ does not mean ‘equal.’ The primary purpose of equitable distribution is to reach a fair distribution of marital assets, rather than just cutting it all in half.
Several elements affect equitable distribution, including:
If one spouse has contributed more than the others, that can tilt the scales in favor of one spouse over the other. Fairness also takes into account that if one spouse has provided the most income, they would have a better claim to certain assets.
In Florida, we don’t use a 50/50 distribution that may be available in other states. In 50/50 distribution, there is an outright division of marital assets, conferring equal shares to both spouses. The intent is clear-cut: to maintain an impartial stance where both parties walk away with an indistinguishable half of the marital spoils.
Untying the Knot’s online divorce platform is more than just a streamlined approach to the arduous divorce process—it’s a synthesis of modernity and legality, an integration of convenience and conscientiousness.
Our innovative software simplifies the complexities of divorce issues like equitable distribution, rendering an intricate process easier to navigate. If you’re contemplating or starting your divorce in Florida, check out Untying the Knot’s online services to mitigate some of the time and heartache that divorce can take.
At Untying The Knot, we focus on a kinder, gentler divorce – to allow you to move on with your lives more quickly, less expensively and with way less drama.