Matthew Lane & Associates, P.A.
PALM BEACH GARDENS, WEST PALM BEACH, WELLINGTON, BOCA RATON561-328-1111

Posts tagged "Division of Property And Assets; Jupiter"

Division of Property and Assets in Jupiter, FL Divorce

A division of property and assets must be based on competent substantial evidence with written findings a fact identifying marital assets and individually identifying significant assets. The valuation of an entire art collection, rather than its component parts, is reversible error. In Williams v. Williams, the Florida Court of Appeals recently stated: "It is unclear from the Final Judgment how the trial court reached the figure of $376,086 in valuing the parties' art collection. This dollar amount does not align with either figure offered by the parties' respective expert witnesses who appraised the collection. The value the trial court placed on the collection is nearly $100,000 below the $470,107 appraisal by the former husband's expert witness and is more than $300,000 below the $688,550 appraisal by the former wife's expert. 

Division of Property And Assets - Jupiter, FL

In making a division of property and assets in a divorce, a spouses' unsupported opinion as to the value of property that is aggregated together is insufficient for purposes of equitable distribution. In Naylor v. Naylor, the Florida Court of Appeal recently stated: "Appellant, Craig J. Naylor, appeals a final judgment of dissolution of marriage and raises three issues on appeal, only one of which merits discussion and reversal. We agree with Appellant that the trial court's $20,000 valuation of his tools for purposes of equitable distribution is not supported by competent, substantial evidence...

Request Consultation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Email Us For A Response

Palm Beach Gardens Office
The Financial Center at the Gardens
3801 PGA Boulevard
Suite 600
Palm Beach Gardens, Florida 33410

Toll Free: 800-411-3434
Phone: 407-917-5005
Phone: (561) 328-1111
Fax: (561) 472-1568
Map & Directions

Wellington Office
Wellington Reserve
1035 South State Road 7
Suite 315
Wellington, Florida 33414

Toll Free: 800-411-3434
Phone: 407-917-5005
Fax: (561) 472-1568
Map & Directions

West Palm Beach Office
Phillips Point
777 South Flagler Drive
Suite 800
West Palm Beach, Florida 33401

Toll Free: 800-411-3434
Phone: 407-917-5005
Fax: (561) 472-1568
Map & Directions

Boca Raton Office
One Boca Place
2255 Glades Road
Suite 324A
Boca Raton, Florida 33431

Toll Free: 800-411-3434
Phone: 407-917-5005
Fax: (561) 472-1568
Map & Directions