Property Distribution Attorney in Panama City
Let a Panama City Divorce Lawyer Fight for You
The division of assets and debts is frequently the most contentious issue in a
divorce, given the fact that both spouses feel strongly about securing a fair
share of the marital estate and do not want to be deprived of what they
rightfully deserve. Disputes over property division commonly turn into
heated and emotionally charged legal battles which have the potential
to drag on, causing significant emotional and financial drain for both parties.
How are assets and debts divided in a divorce in Panama City?
The first thing to understand about the division of property in a divorce
is the distinction between
marital property and separate property. Anything which you owned prior to your marriage will not be subject to
division, nor will be anything which you received as an inheritance or
gift that was not from your spouse. All such items are considered as separate
property. Assets which you have acquired or liabilities you have incurred
during the course of the marriage are considered marital property.
Complicating the matter is the fact that when separate property, such as
a house or a business, has increased in value during the marriage, this
increase can be claimed as marital property. The assets and debts which
may be subject to division can include everything from your home equity
and mortgage and your cars to stocks, bonds and pension plans, checking
accounts, credit card debt, retirement benefits and items such as jewelry.
Florida is an equitable distribution state, so
the judge will rule in favor of a plan of property division which appears
to be fair, rather than one which is strictly equal. Attorney Seaton can either seek to negotiate a settlement out of court,
or can represent you in a contested divorce in which the judge will be
called upon to decide the matter for you based on evidence presented by
both you and your spouse. In either scenario, the firm is prepared to
fight aggressively to defend your rights, and will carefully prepare your
case for the best chances of success.
Qualified Panama City Family Law Attorney
If you are serious about defending your financial interests and want to
avoid an unnecessarily long divorce process,
come to Seaton Law Offices, P.A. for help. By choosing the firm you will have a former Assistant Attorney
General on your side, fighting to secure a final outcome which leaves
you in the best possible position for the future.