Orlando Asset & Debt Division Lawyer

Protecting Your Financial Future During Divorce

The Donna Hung Law Group practices family law in Orlando to guide clients through some of life’s most difficult and financially impactful transitions. One of the most challenging aspects of divorce is the division of marital assets and debts. Whether your case involves complex financial portfolios, real estate holdings, business interests, or concerns about hidden assets, our attorneys are here to protect your rights and provide strong, strategic representation. We work tirelessly to ensure the division of property and liabilities is fair, accurate, and reflective of Florida law.

Clients of the Donna Hung Law Group receive clear guidance, continuous communication, and practical advice throughout the entire asset and debt division process. You will always understand what to expect, what documents are needed, and how each financial decision may impact your long-term future. Our Orlando asset and debt division lawyers take an aggressive, solution-oriented approach to ensure that your financial interests remain protected every step of the way.

Understanding Equitable Distribution in Florida

Florida follows the principle of equitable distribution, meaning marital assets and debts are divided fairly, though not necessarily equally. The goal is to reach a distribution that reflects fairness based on the circumstances of the marriage, the contributions of each spouse, and the future financial needs of both parties. Achieving an equitable result requires accurate financial analysis, strategic negotiation, and, when necessary, litigation.

Our attorneys help you understand what property is considered marital vs. non-marital, how assets are valued, and how the court assesses fairness. With detailed preparation and knowledgeable representation, we work to secure the financial outcome you deserve.

What Counts as Marital Property?

In Florida, marital property generally includes assets and debts acquired during the marriage, regardless of which spouse’s name appears on the title or account. Examples of marital property may include:

• Real estate purchased during the marriage
• Income earned by either spouse
• Retirement accounts and pensions accumulated during the marriage
• Vehicles, jewelry, and personal property
• Business interests developed during the marriage
• Bank accounts and investment portfolios
• Credit card debts, loans, and other liabilities

Identifying and valuing marital assets correctly is essential to avoid an unfair distribution.

What Counts as Non-Marital Property?

Non-marital property typically belongs solely to one spouse and is not subject to equitable distribution. This may include:

• Assets owned before the marriage
• Inheritances received by one spouse
• Non-marital gifts received individually
• Separate property kept exclusively in one spouse’s name
• Assets protected by a valid prenuptial or postnuptial agreement

However, non-marital assets can become marital if they are commingled or used for marital benefit. Our attorneys examine every detail to ensure proper classification.

Factors Courts Consider in Dividing Assets and Debts

When determining how to fairly distribute property, Florida courts may consider several factors, including:

• Length of the marriage
• Each spouse’s economic circumstances
• Contributions to the marriage (including homemaking and child-rearing)
• Financial and non-financial contributions to marital assets
• Interruption of career or education
• Intentional depletion or waste of marital assets
• Desirability of keeping certain assets intact (such as a business)
• Need to retain the marital home for children

These factors help the court create a distribution plan that reflects fairness under the law.

Complex Asset Division Issues

Some divorces involve complicated or high-value assets that require special attention. Our firm handles complex division cases involving:

• Family-owned businesses and partnerships
• Professional practices
• Stocks, cryptocurrency, and investment portfolios
• Multiple real estate properties
• Retirement accounts and pensions
• Assets with unclear valuation or disputed ownership
• High net worth estates
• Hidden or dissipated assets

Our attorneys work with forensic accountants, appraisers, and financial experts to ensure assets are identified, valued, and divided properly.

Debt Division in Florida Divorce

Just as assets must be divided, so must marital debts. Common marital debts include:

• Credit card balances
• Personal loans
• Mortgage debt
• Medical bills
• Tax liabilities
• Vehicle loans

The court assigns responsibility based on fairness, contributions, and current financial circumstances. Our firm ensures that debt allocation reflects accurate financial realities and does not place an unfair burden on you.

What to Do If You Are Facing Asset and Debt Division

If you are preparing for divorce or already involved in a case that involves asset and debt division, taking the right steps early can protect your financial future. Consider:

• Gathering financial documents such as bank statements, tax returns, titles, and account summaries
• Avoiding large financial transactions or hiding assets
• Documenting liabilities and expenses
• Obtaining appraisals or valuations for real estate and other major assets
• Making a detailed list of property and debts
• Consulting an attorney before closing accounts or making withdrawals

The Donna Hung Law Group helps clients understand their financial picture and prepares a strategy aimed at securing a fair distribution.

How Our Attorneys Approach Asset and Debt Division

Our firm uses a structured, detail-oriented approach that helps uncover all financial information and present a strong case. We assist clients by:

• Identifying and categorizing assets and debts
• Valuing property accurately
• Investigating potential hidden assets
• Examining account statements and tax returns
• Preparing financial affidavits
• Negotiating settlements
• Litigating disputes when necessary

We work to protect your financial health today and far into the future.

The Legal Process for Dividing Assets & Debts in Florida

The process of dividing property typically follows the same steps as other divorce matters but includes extensive financial analysis.

Filing the Petition

The divorce begins with filing, and both spouses must submit detailed financial affidavits disclosing all assets and liabilities.

Exchange of Financial Information

Both parties exchange:

• Bank statements
• Tax returns
• Titles
• Loan documents
• Investment records
• Retirement account statements

This step is critical to transparency and fairness.

Negotiation or Mediation

Many asset and debt division issues can be resolved through negotiation or mediation, where both sides work toward a mutually acceptable agreement.

Trial, If Necessary

If disputes cannot be resolved, a judge will evaluate the evidence and determine an equitable distribution.

Comprehensive Orlando Family Law Practice

The Donna Hung Law Group provides representation across a wide range of family law matters. In addition to asset and debt division, our attorneys assist clients with:

• Divorce
• High net worth cases
• Child custody and parenting plans
• Spousal support
• Property division disputes
• Domestic violence cases
• Modifications and enforcement
• Paternity matters
• Mediation

We approach each case with care, determination, and a commitment to achieving the best possible outcome.

Orlando Family Courthouse Information

Asset and debt division cases in Orlando are handled within the Ninth Judicial Circuit Court of Florida.

Orange County Courthouse
425 N. Orange Avenue
Orlando, FL 32801
Phone: (407) 836-2000
Website: www.ninthcircuit.org

The Family Court Division oversees divorce filings, financial disclosures, mediation requirements, and equitable distribution hearings.

Orlando Asset & Debt Division FAQs

How does Florida determine who gets what in a divorce?

Florida uses equitable distribution to divide assets and debts based on what is fair under the circumstances.

Are assets always split 50/50?

Not necessarily. A fair distribution may deviate from equal division depending on financial and personal factors.

Can one spouse hide assets?

Some try, but our firm uses discovery tools and financial experts to uncover hidden property.

What happens to the marital home?

It may be sold, awarded to one spouse, or temporarily retained for the benefit of children.

Do premarital assets stay with the original owner?

Generally yes, unless they are commingled or enhanced through marital efforts.

Serving Throughout Orlando

• Baldwin Park
• College Park
• Lake Nona
• Winter Park
• Thornton Park
• Dr. Phillips
• MetroWest
• Hunters Creek
• Avalon Park
• Windermere
• Celebration
• Waterford Lakes
• Mills 50 District
• Audubon Park
• Conway
• South Eola
• Bay Hill
• Lake Como
• Lake Mary
• Vista Lakes

Orlando Asset & Debt Division Lawyers Here for You When You Need Us

At the Donna Hung Law Group, we know your financial future is one of your greatest concerns during divorce. Our attorneys provide knowledgeable guidance, strong advocacy, and practical solutions to ensure your assets and debts are divided fairly and according to Florida law. Whether your case is straightforward or financially complex, our team is here to protect your interests.

Call the Donna Hung Law Group at 407-999-0099 to schedule a confidential consultation and begin putting a strategy into place.