Property Settlement
A property settlement is the agreement that decides how a divorcing couple's assets and debts will be divided. In Florida it is usually written into a marital settlement agreement and covers things like the home, bank and retirement accounts, vehicles, and outstanding debts. Once approved by the court and incorporated into the final judgment, it becomes binding on both spouses.
Last updated June 21, 2026
Legal Definition
A property settlement is a contractual agreement, typically embodied in a marital settlement agreement, resolving the division of marital assets and liabilities consistent with the equitable distribution principles of F.S. §61.075; upon ratification it is incorporated into the final judgment of dissolution.
Example
Their property settlement gave her the house in exchange for him keeping his full retirement account.
Related Statutes
- 61.075
Related Terms
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