A division of property and assets case was recently decided by the Florida Court of Appeal in a case captioned Hamilton v. Hamilton. In this case, the husband appealed the Final Judgment of Dissolution of Marriage based upon the fact that the trial court awarded an unequal division of the parties’ assets to the wife. The husband contended that the trial court improperly classified over fifty thousand ($50,000.00) dollars of husband’s credit card debt as nonmarital debt.
The Florida Court of Appeal ruled that marital assets and marital liabilities are all assets acquired and all liabilities incurred during the course of a marriage. These assets and liabilities may be acquired during the course of the marriage by either spouse, jointly, or individually. There is a presumption in Florida law that all assets acquired and all liabilities incurred after the date of marriage which are not specifically designated as nonmarital assets and nonmarital liabilities are presumed to be marital assets and marital liabilities.
In the case at bar, the husband incurred charges on several credit cards that were used to pay for business expenses and personal living expenses during the course of the parties’ marriage. The trial court concluded that the husband’s business expenses were nonmarital debt because the Husband failed to provide the trial court with evidence that any portion of the debt was marital. The Florida Court of Appeal reversed the trial court’s ruling. The Florida Court of Appeal ruled that the trial court’s designation of the husband’s business expenses as nonmarital liabilities failed to comply with Florida’s statutory presumption that all assets acquired and all liabilities incurred during the course of a marriage, which are not specifically established as nonmarital assets and nonmarital liabilities, are presumed to be marital. Absent any evidence that the husband’s business expenses were specifically established as nonmarital liabilities, they are presumed to be marital liabilities. Since there was no evidence in the record that showed that the husband’s business expenses were nonmarital, the Florida Court of Appeal ruled that they were marital liabilities.
Additionally, in this case the husband also appealed the trial court’s alimony award to the wife. The trial court awarded the wife more alimony than she requested. The Florida Court of Appeal ruled that when a trial court awards more alimony than a party requests, the trial court must include findings in the Final Judgment of Dissolution Marriage explaining the basis for the award.
To speak with a Wellington, Florida family law attorney to discuss the division of property and assets in a Florida divorce, contact the Lane Law Firm, P.A. at (561) 363-3400.