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The statute requires the trial court to equitably divide the spouses marital assets and liabilities during an action for dissolution of marriage. The court then must value the assets as of a date determined by the court. Generally, the court will start with the premise of dividing marital assets and debts 50/50.
Florida is an equitable distribution state; therefore, all common property that the two parties possessed during the marriage must be divided equally in the divorce. Community property law states that each spouse has equal ownership to all income/assets/liabilities earned or incurred during the marriage.
However, Florida is governed by equitable distribution law. Under this law, marital property is divided fairly, which does not always mean equally. Neither spouse is ever guaranteed to receive half of the marital property during divorce in the Sunshine State, regardless of how long the couple has been married.
However, Florida is governed by equitable distribution law. Under this law, marital property is divided fairly, which does not always mean equally. Neither spouse is ever guaranteed to receive half of the marital property during divorce in the Sunshine State, regardless of how long the couple has been married.
In Florida, a surviving spouse may have the right to inherit some assets and property from their deceased spouse, regardless of what the will says. However, it should be stressed that surviving spouses will only automatically inherit some certain property not all.
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If the name of one of the spouses is not on a property deed, it does not necessarily mean he or she is not entitled to a part of the property. Under Florida law, there are two types of property marital property and non-marital property.
In Florida, property is divided 50-50 if it is considered marital property or property that was acquired by either spouse during the marriage. Non-marital property, which is property either spouse acquired before the marriage, is not divided equally.
In Florida, property is divided 50-50 if it is considered marital property or property that was acquired by either spouse during the marriage. Non-marital property, which is property either spouse acquired before the marriage, is not divided equally.

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