Matthew Lane & Associates, P.A.

Posts tagged "Divorce Lawyer in Palm Beach Gardens"

Division of Property and Assets in Palm Beach Gardens, Florida

In making a division of property and assets in a dissolution of marriage proceeding in Florida, for the trial court to award an unequal distribution of marital property and assets, the trial court must issue findings of fact on all ten statutory factors. In Watson v. Watson the Florida Court of Appeal recently stated: 

Alimony, Palm Beach Gardens, Durational Alimony

Lump sum alimony payments are not deductible by the payer or taxable to the recipient. In Kuchera v. Kuchera, the Florida Court of Appeal recently stated that: "We reverse the trial court's decision declining to characterize the payments to the former wife in the parties' post-reconciliation marital settlement agreement ("MSA") for federal tax purposes, and we remand for the trial court to make a ruling on that issue and amend the final judgment. In all other respects, we affirm the Third Amended Final Judgment. The parties' MSA, under a provision titled 'Lump Sum Alimony and Equitable Distribution,' requires the former husband to pay the former wife one-half of his salary after payment of child support for ten years, to be followed by yearly payments...The former husband and the former wife agreed that the provision would be non-modifiable. The MSA is silent as to whether these payments would be deductible by the former husband, or includible in the income of the former wife.

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

Phone: 561-328-1095
Fax: (561) 472-1568
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Wellington Office
Wellington Reserve
1035 South State Road 7
Suite 315
Wellington, Florida 33414

Phone: 561-328-1095
Fax: (561) 472-1568
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West Palm Beach Office
Phillips Point
777 South Flagler Drive
Suite 800
West Palm Beach, Florida 33401

Phone: 561-328-1095
Fax: (561) 472-1568
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Boca Raton Office
One Boca Place
2255 Glades Road
Suite 324A
Boca Raton, Florida 33431

Phone: 561-328-1095
Fax: (561) 472-1568
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