What is Florida statute 61.075 (1)?

Florida states section 61.075(1) refers to the equitable distribution of marital assets and liabilities. This means that when married couples are going to court to end their marriage, the divorce court starts out with the understanding that all marital assets and liabilities of each party are considered equal. However, in some cases there may be justification of the distribution to be unequal if other factors occur.

Marital assets and liabilities aren’t distributed equally among spouses for a variety of reasons such as how long the spouses were married and if there are some economic circumstances involved during the marriage. For instance, if a wife contributed to the education or career of their husband this could constitute an unequal distribution. This means that the wife worked so that the husband could returned to school.  Another example is if one purposefully took assets such as money from a bank account within two years of filing.

Another reason for an unequal distribution under this section is to retain the marital home for any children of the marriage. The divorce court will decide if it is in the best interest of the children for them to stay in the home instead of having it sold and the proceeds distributed among each spouse.

To learn more about divorcing a spouse or Florida states section 61.075(1), seek legal help. A lawyer who specializes in divorce can explain the section further and how it affects each party in the divorce proceedings.