Marital Assets v. Non-Marital Assets

Equitable distribution: Florida law requires that all marital assets be divided evenly.

Non-marital assets and liabilities include:

a. Assets acquired and liabilities incurred before the date of marriage.

b. NOTE: some non-marital assets can be converted to marital assets. Seek the advise of a family law attorney to see if the non-marital assets in your case can ven converted to a marital asset.

Marital assets and liabilities include:

a. Assets acquired and liabilities incurred during the marriage, individually by either spouse or jointly by them.

b. The enhancement in value and appreciation of nonmarital assets resulting either from the efforts of either party during the marriage or from the contribution to or expenditure thereon of marital funds or other forms of marital assets, or both.

c. Interspousal gifts during the marriage.

d. All vested and nonvested benefits, rights, and funds accrued during the marriage in retirement, pension, profit-sharing, annuity, deferred compensation, and insurance plans and programs.