The value of marital assets and liabilities in an Orange County Divorce is an important issue in Orange County Family Law. Florida divorce law states that the cut-off date for determining assets and liabilities to be identified as marital is the earliest of the date the parties enter into a valid separation agreement, such other date as may be expressly established by such agreement, or the date of the filing of a petition for dissolution of marriage. The date for determining value of assets and the amount of liabilities as marital is the date or dates as the judge determines is just and equitable under the circumstances. Different assets may be valued as of different dates, as, in the judge’s discretion, the circumstances require.
The date for valuation of assets and liabilities can make a significant difference in some circumstances. Discuss this issue in detail with your qualified OrangeCounty divorce attorney. If you have not chosen an attorney to represent your interests during your OrangeCounty divorce, contact Family Law of Orlando to schedule an initial consultation with Orange County Divorce Attorney Wade P. Luther. Email Family Law of Orlando or contact us by phone at (407) 835-9900.