Case Name: Jose SANTIAGO, Appellant, v. Aladina SANTIAGO, Appellee
Court: Florida District Court of Appeal
Jurisdiction: Florida
Decision Date: 2000-01-28
Citations: 749 So. 2d 584
Docket Number: No. 5D98-2339
Parties: Jose SANTIAGO, Appellant, v. Aladina SANTIAGO, Appellee.
Judges: DAUKSCH, J., concurs.
Reporter: Southern Reporter, Second Series
Volume: 749
Pages: 584–587

Head Matter:
Jose SANTIAGO, Appellant, v. Aladina SANTIAGO, Appellee.
No. 5D98-2339.
District Court of Appeal of Florida, Fifth District.
Jan. 28, 2000.
Jerry S. Luxenberg, Orlando, for Appellant.
Marcia K. Lippincott of Marcia K. Lip-pincott,- P.A., Lake Mary, for Appellee.

Opinion:
W. SHARP, J.
We agree with appellant, Jose Santiago, the former husband, that error occurred in this case in the formulation of the equitable distribution award of the parties' marital assets, which caused it to be inequitable. We reverse the equitable distribution award and remand for reconsideration. However, we do not imply by so doing, that the distribution of marital assets, on remand, must be equal between the parties.
One error in this ease relates to the valuation of a marital asset — a vacant lot located in Hendry County. It was entirely allocated to the former husband, Jose, by the equitable distribution award, and to the extent the lot was over-valued at $20,-000, this short-changed Jose. He originally listed the lot as worth $21,000 in his financial affidavit, but at the final hearing he amended the financial affidavit to show it was worth $7,400. He also testified that the developer of the subdivision where the lot is located had filed for Chapter 11 bankruptcy, and he recalled the lot was assessed for tax purposes at only $1,200. The former wife, Aladina, presented no evidence about the value of the lot. Thus, there is no competent evidence to support the trial court's finding the lot is worth $20,000. At best it supports a valuation of $7,400.
The second error in this case was the trial court's award of Aladina's retirement account ($41,567) wholly to her, although it is a marital asset to the extent it was earned during the marriage and up and until the time the parties separated in 1993. The trial court stated it made this award because Jose had quit his job in 1991, withdrew his $18,000 retirement account over his wife's protests, and by the time the parties separated, had spent all of his retirement funds. This finding does not support the allocation of all of Aladina's retirement account solely to her. See Murray v. Murray, 636 So.2d 536 (Fla. 1st DCA 1994); Eckroade v. Eckroade, 570 So.2d 1347 (Fla. 3d DCA 1990).
However, based on this record, it appears that there may be off-sets against Jose's share of the marital assets, which, if buttressed by appropriate findings, could be made by the court on remand. Jose
testified that he used $6,500 of his retirement funds to make a loan to a cousin in New York, which was at the time of the dissolution, apparently uncollectible. Ala-dina testified she had objected to his making the loan. "I didn't sign any paper, I did not agree, so you don't find any papers that sign for that." The court found that this was an improvident investment, made contrary to the wife's wishes. Thus, this bad investment (or at least Aladina's half-interest in it) could be properly allocated to Jose or assessed against Jose's share of the marital assets. Further, Jose also testified he had used $2,000 of his retirement funds to purchase a mobile home in which to live, when the parties separated. That sum is properly allocated to Jose, and can be used to off-set his portion of the remainder of the parties' marital assets.
The court also concluded that the balance of Jose's retirement account, some $9,500 was not spent on the parties' marital debt or expenses. Aladina testified that after Jose quit his job in 1991 she had been the sole support of the family, and she had no idea how Jose had spent the rest of his retirement funds. Jose testified he used the funds to pay family expenses. Since the court resolved this dispute in favor of Aladina, this could also support a less than equal award of the marital assets still in existence.
At the trial, Aladina testified that after Jose quit his job in 1991, she carried the full burden of paying the two mortgages on their residence, paying all of the parties' living expenses and supporting the parties' son who was in college. Jose did not work during that time, although he attended UCF and took a real estate course. In his closing argument, the at torney for Jose acknowledged that Aladina had paid the two mortgages, and he agreed that perhaps, "to be fair," Aladina should be given "some credit" for the $10,-000 reduction of principal on the two mortgages after the parties separated in 1998. The court stated at the hearing that it felt that Aladina should be awarded a larger amount of the marital assets than Jose because she worked continually during the marriage and since 1991 bore the primary support of the family. However, because of the other awards which favored Aladina, he split the marital residence equally between the parties. On remand, that allocation may also be reconsidered.
AFFIRMED in part; REVERSED in part; REMANDED.
DAUKSCH, J., concurs.
THOMPSON, J., concurs in part and dissents in part, with opinion.
. § 61.076, Fla. Stat. (1997).
. § 61.075(1) and (3); Whelan v. Whelan, 736 So.2d 732 (Fla. 4th DCA 1999); Calderon v. Calderon, 730 So.2d 400 (Fla. 5th DCA 1999).
. § 61.075(l)(g) and (i); Barner v. Barner, 716 So.2d 795 (Fla. 4th DCA 1998); Jonsson v. Jonsson, 715 So.2d 1064 (Fla. 5th DCA 1998); Crockett v. Crockett, 708 So.2d 329 (Fla. 1st DCA 1998).
.§ 61.075(3); Barner v. Barner, 716 So.2d 795 (Fla. 4th DCA 1998).