Equitable Distribution

Equitable Distribution Attorney in Coconut Creek

Handling Property Division Cases with Care

When you find yourself in the middle of a divorce, there are likely many different concerns on your mind. Financial issues and matters relating to your property can be very stressful, especially if you are unwilling to let go of certain assets.

With the help of a Coconut Creek equitable distribution attorney, you may be able to navigate this matter more easily. At The Law Offices of Jonny Kousa, P.L., we are highly experienced in the field of property division.

Call (954) 626-8071 to get started on your case with a free consultation.

How Are Assets & Liabilities Divided in Divorce?

The division of your property is an important and complex part of your divorce proceedings. There are many factors to account for, such as the length of your marriage, the contribution each spouse had to the marriage, and the amount of debt or the number of assets are involved.

In Florida, the court divides the parties' marital assets and liabilities based on what it deems fair, a concept known as "equitable distribution.” Our firm is prepared to handle all the complexities involved with the equitable distribution in your divorce.

Marital Property vs. Non-Marital Property in Florida

You and your spouse’s property will either be labeled as marital property or non-marital property. This will help determine how certain assets can be distributed.

Marital property is anything that was acquired by you or your spouse during the marriage, including physical property, financial assets, and debts.

Separate property is anything that was owned by you or your spouse before the marriage, or anything that was acquired by you or your spouse during the marriage as a gift or inheritance.

Hidden Assets

Unfortunately, it’s a common practice for spouses to hide assets prior to going through the divorce process. This involves a spouse taking some sort of asset that would be deemed marital property and hiding it so it does not have to be split equally.

Below are four common ways that your spouse may be hiding money or property.

Friends and Family

Your spouse may start creating debt to friends and family members. These people can then hold onto the cash until the divorce process is over. They could also do this by transferring stocks or other assets into the names of friends or family members and then transfer them back after the divorce.

New Accounts

Any accounts with your spouse’s name on them will be considered marital property. Your spouse may try to hide new accounts by putting them under a different person’s name, such as a new girlfriend or boyfriend or even a different relative.

New Property

Another way to cover up money is to convert it into real property, such as using it to buy jewelry, vehicles, boats, tools, or arts. They may do this to hide the value of the assets so you may overlook it during the divorce process.

The Family Business

Hiding assets in a family business is a common scheme. Your spouse may hire fake employees or contractors and, on paper, it looks like these people are being paid a salary. In reality, the checks may be voided after they are written to these fake employees.

Call us at (954) 626-8071 today to learn more about how we can help.

Client Testimonials

    “Jonny is truly a champion of leagues in his profession.”

    - Jesus

    “Jonny made me and my family feel comfortable as he listened attentively to the things that mattered.”

    - Sheila Williams

    “I cannot thank Mr. Kousa enough for helping me get through my legal battle.”

    - Gloria Cosme

    “I would highly recommend Mr. Kousa to anyone looking for a true professional.”

    - Daniel Perez

    “I highly recommend Mr. Kousa if you’re looking for an excellent family law attorney in Broward County!”

    - Bill Marshall

    “Mr. Kousa eliminated mountains of stress that previous attorneys allowed to fall on my shoulders.”

    - Seelena Singh

/

Let Us Protect Your Rights

Schedule a Free Consultation Today 
  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.