Equitable Distribution 

In Florida, marital property generally includes assets and liabilities acquired by either spouse during the marriage, regardless of the name on the title. This may include income, real estate, debts, and personal property obtained from the date of the marriage until the filing for divorce.

During a divorce, assets are typically valued based on their fair market value at the time of the divorce proceedings. Fair market value is generally defined as the price a willing buyer would pay to a willing seller in an open market.

A valid prenuptial agreement can influence the distribution of assets and liabilities upon divorce by establishing terms for dividing specific assets and debts, which may differ from Florida's standard equitable distribution laws.

Inheritances received by one spouse are generally considered non-marital property and may be excluded from equitable distribution, unless those funds have been mixed with marital assets, thereby becoming part of the marital estate.

The court takes into account several factors when determining the disposition of the marital home, such as custody arrangements for minor children, the financial ability of each spouse to maintain the home, and the home's significance to the family.

In Florida, which is a no-fault divorce state, the reasons for the marriage's breakdown typically do not affect the equitable distribution of assets and liabilities.

Retirement accounts are considered in the equitable distribution process during Florida divorces. Dividing these accounts may involve using a Qualified Domestic Relations Order (QDRO) to allocate shares while aiming to avoid penalties for early withdrawal.

Joint debts incurred during the marriage are divided between the spouses in a manner the court considers equitable. This division may not always be equal and depends on factors such as each spouse's financial circumstances and contributions.

The division of property as stated in the final divorce decree is generally considered final and is not subject to modification, except in limited circumstances such as fraud or other significant legal matters that may impact the original distribution.

Businesses owned by either or both spouses are typically valued by a professional business appraiser to determine their fair market value. The division of this value is handled in a manner deemed equitable by the parties or the court, which may involve one spouse buying out the other's interest or deciding to sell the business and divide the proceeds accordingly.