What is “equitable distribution” during a divorce?
Florida is an “equitable distribution” state, which means that a court can equitably distribute the parties’ marital property as part of the divorce proceeding. Marital property covers tangible and intangible property acquired by either or both spouses during the marriage. Each spouse can usually retain their non-marital property. “Non-marital property” means (1) property acquired before marriage; (2) property acquired during marriage by gift or inheritance; or (3) any property that the spouses designate as non-marital property in a written agreement.
