Property Division, Anton Legal Group

By | January 27, 2016

The property considered a product of the marriage involves the wages gained during the marriage, the real property i.e. Land and homes acquired during a marriage, personal items such as cars and furniture, and even accumulated pensions while in marriage. The laws governing property division during marriage vary among states. It is, therefore, important to consult the Anton Legal Group, the family law firm in Tampa. Nevertheless, the states use either equitable distribution method or community property approach.Community property approach In the US, nine states consider marital property as community property. The property is therefore split on a 50-50 basis in the event of a divorce. These states include Louisiana, New Mexico, Arizona, Idaho, California, Wisconsin, and Washington. In these states, marriage is viewed as a joint institution the reason for equally property division.Equitable DistributionThe other states use the approach in the property division. The approach tries to attain fairness and to arrive at the solution several factors are considered i.e. the expenditure for the kids, the working history and prospective jobs for the spouses, the mental and physical health of the spouses, who acquired the assets, and the period the marriage has lasted.

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