Source: http://www.martinlawfirm.com/articles/tag/florida-statute-%C2%A761-075/
Timestamp: 2013-05-22 13:57:57
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Martin Law Firm, P.L. » Florida Statute §61.075
Posts Tagged ‘Florida Statute §61.075’	Selling the Marital Home in the Marital Settlement Agreement
Categories: Family Law	Tags: Dissolution of Marriage, Equitable Distribution, Florida Divorce, Florida Statute §61.075, Fourth District Court of Appeal, marital home, Marital settlement agreement	What will the Judge order with all of our personal property at trial?
Categories: Family Law	Tags: alimony, child support, Dissolution of Marriage, equalizing payment, Equitable Distribution, Florida Divorce, Florida Statute §61.075, marital home, offset	Since separation my spouse took all the money from an account to “live on,” can I do anything about this?
Categories: Family Law	Tags: Dissolution of Marriage, Equitable Distribution, Florida Divorce, Florida Statute §61.075, offset, Third District Court of Appeal, unequal distribution	My spouse and I want to sell the marital home and split the proceeds to purchase new, separate homes, will Florida Homestead protect it from creditors?
Categories: Family Law	Tags: child support, Dissolution of Marriage, Equitable Distribution, Florida Divorce, Florida Homestead Protection, Florida Statute §61.075, Fourth District Court of Appeal, marital home, Third District Court of Appeal	My spouse wasted all of our money gambling will this be considered during the Divorce?
Categories: Family Law	Tags: Dissolution of Marriage, Equitable Distribution, Florida Divorce, Florida Statute §61.075, offset, Second District Court of Appeal., Twentieth Judicial Circuit, unequal distribution	The Court ordered the marital home sold, but my spouse gets to stay there until it is sold, do I get anything?
Categories: Family Law	Tags: alimony, Dissolution of Marriage, equalizing payment, Equitable Distribution, Florida Divorce, Florida Statute §61.075, marital home, offset, spousal support	Can the Trial Court award the marital home to only one spouse by awarding the other spouse installment payments payable over eighteen (18) years?
Florida Statute § 61.075 provides for an equitable distribution of marital assets. Absent findings of fact to support an unequal distribution of assets, the division should be relatively equal. In many marriages the major, and sometimes only, asset is the marital home. This often causes problems in equitable distribution because it is not possible to actually divide the home in half. If the parties do not have other assets equal to the value in the marital home to offset awarding the home to one party it may be necessary to sell the marital home.
Recognizing that the division of marital assets sometimes requires an equalizing payment in excess of the liquid funds available at the time of divorce, Florida Law provides that this payment may be made in installments. See Fla. Stat. §61.075(10) (2010). However, in a recent case the trial court awarded the marital home to the husband, attempting to award the wife her share of the assets through installments payments of $300 a month. At this rate, she would not have received her full share for eighteen (18) years. The Second District Court of Appeal found this effectively deprived her of her share of the equitable distribution in violation of Florida Law.
It is important to note that the court may justify and unequal distribution as an award of alimony. However, the court in this case did not make the requisite findings to justify this distribution.
See, Fotinos v. Fotinos, 36 Fla. L. Weekly D2287 (Fla. 2d DCA 2011).
Categories: Family Law	Tags: Dissolution of Marriage, equalizing payment, Equitable Distribution, Florida Divorce, Florida Second District Court of Appeal, Florida Statute §61.075, installment payments, marital home	RSS