As part of a divorce settlement, divorcing couples have to split their assets. In Florida, the distribution of assets and liabilities is governed by the “equitable distribution” law, which refers to the way a divorcing couple divides their properties and debts.
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How will a court distribute the parties’ assets and liabilities between them? Will the court just flip a coin? It may feel like it, but in in Florida the distribution of assets and liabilities is governed by “equitable distribution.”