Central Florida Family Law Attorney Assists Clients with Property Division Matters
Property division is a core concern in every divorce. One household becomes two households when a divorce decree is finalized. Every material asset of the marital estate must be assigned to one of the spouses to bring about a complete divorce.
At the law office of Cauthen, Oldham & Associates, P.A., we have assisted enough Floridians through divorce to appreciate the emotional challenges that often go along with a marital breakup. But when it comes to property division, we urge our clients to look beyond emotions and take a business-like approach to the process. A carefully crafted property division settlement can help minimize tax liabilities and maximize protection of assets for the family when divorcing spouses are up-front and cooperative.
(Note: some couples divorce amicably and may in fact choose to co-own property or businesses even after the divorce. Such an arrangement would be a contractual arrangement separate from the necessary division of assets that constitute a divorce.)
For most couples, divorce means distribution or liquidation of assets including the following:
- Real estate
- Bank accounts
- Retirement accounts
As is the case with a bankruptcy, a divorce requires husbands and wives to account for all property. Concealment of property during the discovery phase of divorce is a serious legal offense that can result in sanctions including jail time. Cauthen, Oldham & Associates, P.A., often handles high-asset divorces where complexities such as business valuation are part of the process.
A practical approach to property division in divorce has helped many couples keep costs and hassles to a minimum and hasten the conclusion of a divorce that allows for a fresh start for each spouse.
Rely on the experience and good reputation of Cauthen, Oldham & Associates, P.A., for legal counsel relating to your Florida divorce, including resolution of issues concerning property division. Contact the law firm to schedule a consultation with a Tavares divorce lawyer.