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.
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.”
Alimony is awarded to the needy spouse to assist with maintaining a similar lifestyle as established during the parties’ marriage.
Normally, parents will shared parental responsibility and have equal time-sharing with their children unless the court finds that shared parental responsibility and equal time-sharing would be detrimental to the children.
The Act introduced the concept of shared parental responsibility, timesharing schedules, and parenting plan taking into consideration the BEST INTEREST OF THE MINOR CHILD.
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