Wellington's identity as an equestrian community means that divorces here sometimes involve asset categories that require specialized handling. Horses are personal property under Florida law and subject to equitable distribution if they are marital assets. Their value for distribution purposes is determined by fair market value at the time of distribution, not purchase price, and the volatility of the equine market means that valuation timing matters. Competition horses, breeding stock, and young horses in training each present different valuation considerations.
Equestrian facilities, barns, and agricultural land associated with a horse operation may also carry agricultural exemptions for tax purposes that do not reflect their true market value for equitable distribution. A divorce lawyer who has encountered these assets understands the distinction between tax treatment and distribution valuation, and approaches each category with the specific analysis it requires. Brodzki Jacobs handles the full scope of Wellington divorce proceedings, including cases where equestrian property is part of the marital estate.
