Case Name: Shirley A. SLOANE, Appellant, v. Robert Donald SLOANE, Appellee
Court: Florida District Court of Appeal
Jurisdiction: Florida
Decision Date: 1992-03-25
Citations: 597 So. 2d 847
Docket Number: No. 91-1983
Parties: Shirley A. SLOANE, Appellant, v. Robert Donald SLOANE, Appellee.
Judges: DOWNEY, J., and SCHWARTZ, ALAN R., Associate Judge, concur.
Reporter: Southern Reporter, Second Series
Volume: 597
Pages: 847–848

Head Matter:
Shirley A. SLOANE, Appellant, v. Robert Donald SLOANE, Appellee.
No. 91-1983.
District Court of Appeal of Florida, Fourth District.
March 25, 1992.
Rehearing and Rehearing En Banc Denied June 2, 1992.
Wayne' Kaplan of Kaplan & Gaylord, P.A., Boca Raton, for appellant.
John G. Jordan of Berryhill, Avery, Williams and Jordan, P.A., Fort Lauderdale and Robert D. Sloane, Plantation, for appel-lee.

Opinion:
LETTS, Judge.
The trial judge terminated permanent alimony on the basis that circumstances had changed and that the wife had no further need for support. We reverse.
The change in circumstances arose principally because of the sale of the husband's business, in which his wife owned twenty percent of the stock, and from which sale he netted over $2 million and his wife netted $639,000. The husband concedes he has the ability to continue the alimony payment.
We need not address the question of whether such a sale would indeed constitute a change in circumstances justifying termination of alimony simply because the husband executed an agreement that it would not. At the time of the sale, which required the wife's acquiescence to conclude, the husband signed a release in which he agreed not to seek modification of alimony by reason of the sale.
It is not contended that this release contract was invalid or secured by fraud or overreaching. As a consequence, we hold that the trial judge was in error, and reverse and remand with directions to reinstate the alimony according to the terms of the original property settlement agreement between the parties.
REVERSED AND REMANDED.
DOWNEY, J., and SCHWARTZ, ALAN R., Associate Judge, concur.