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Matthew Lane & Associates, P.A.
Palm Beach Gardens, Wellington, Boca Raton, West Palm Beach (561) 328-1111

Posts tagged "Division of Property and Assets Attorney in Florida"

Division of Property and Assets in Florida

In a recent division of property and assets case, captioned Gotro v. Gotro the Florida Court of Appeal held that a trial court should not include expended assets in an equitable distribution scheme unless these assets were dissipated as a result of one of the parties' misconduct. In this case, the parties had a 39 year marriage and had 4 adult children. The husband was the primary breadwinner. The husband had a number of bank accounts which were marital assets. The significant bank accounts, for purposes of this appeal, were two accounts at BBVA Compass Bank. By the time that the final hearing took place, the balances in these two bank accounts was significantly lower than they had been at the time of the filing of the divorce. The husband testified that he had used the money in these accounts for his living expenses. The husband requested that the trial court distribute these accounts based upon their value at the time of the final hearing and not as of the date of the filing of the dissolution of marriage. In fashioning its final judgment, the trial court used the values in the accounts as of the date of the filing of the divorce.

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

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Phone: (561) 328-1111
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Wellington Reserve
1035 South State Road 7
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Wellington, Florida 33414

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West Palm Beach, Florida 33401

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Boca Raton, Florida 33431

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