It is important to consider thoroughly any agreement relating to marital property division. Equitable distribution is the division of property, assets and debts.Clicking each question listed below will provide you with a detailed answer. Give us a call or fill out a form to speak with an attorney. Contact Us. Schedule Your Private Consultation. Under Florida divorce law, an "equitable distribution" of the marital assets and liabilities is required. The Florida courts divide the property according to the criteria contained in the equitable distribution statute. I have represented men and women for more than 40 years throughout South Florida who need help when they encounter all types of property division concerns. Confused about coowning property? Learn how to file a Real Estate Partition in Florida lawsuit to divide ownership or sell the property.