There are many different methods of valuing property. One of the more common methods, and one easily understood, is the fair market approach. Under this method, an item is valued by comparing it to similar items sold in the market place, whether it be a home, business or automobile, for example. Other valuation methods look

In determining whether to award alimony, Florida courts are tasked with deciding whether one spouse has a need and the other spouse has the ability to pay. As one court stated, the objective is to insure that the alimony payment is “as fair as possible to both parties.” Vega v. Vega, 877 So.2d 882,

In a Florida divorce proceeding, the trial court has broad discretion “to do equity between the parties.” Acker v. Acker, 904 So. 2d 384, 388 (Fla. 2005). To “do equity” means to do what the court determines is fair and reasonable under the circumstances. To achieve this goal, the trial court has at its

Rehabilitative alimony is intended to provide funds to the requesting spouse so that he or she can establish the capacity for self-support, either by redeveloping previous skills or undergoing training or education necessary to develop supportive skills. Canakaris v. Canakaris, 382 So. 2d 1197, 1202 (Fla. 1980); Lovell v. Lovell, 14 So. 3d

In a divorce proceeding, a court distributes marital assets through equitable distribution. It is important that the assets receive a correct valuation. The receipt of an overvalued asset through equitable distribution can dilute a spouse’s share of the total marital estate. When the assets are valued can be just as important as the final value

Florida Statute § 61.08 lists the factors which a court will consider in deciding whether to grant alimony in a Florida divorce proceeding. Section 61.08(1) provides that these factors are to be considered by the court in awarding all forms of alimony, including “bridge the gap, rehabilitative, durational or permanent in nature or any combinations

In a Florida divorce proceeding, shared parental responsibility for a child is preferred unless it is contrary to the child’s best interests. On this point, Fla. Stat. § 61.13(2)(c)(2) provides:

In ordering shared parental responsibility, the court may consider the expressed desires of the parents and may grant to one party the ultimate responsibility over

When a Florida court considers whether to grant temporary alimony, it balances the needs of the requesting spouse against the other spouse’s ability to pay. Fonderson v. Lairap, 98 So. 3d 715, 717 (Fla. 2d DCA 2012), citing de Gutierrez v. Gutierrrez, 19 So.3d 1110 (Fla. 2d DCA 2009). In weighing the needs

In order for a Florida court to have subject matter jurisdiction over a divorce proceeding, Florida Statute § 61.021 requires that “one of the parties to the marriage must reside 6 months in the state before filing the petition.” Florida’s residency requirement must be satisfied in order for the court to have jurisdiction over a

Florida Statute § 61.16(1) provides that a court in a divorce proceeding “may from time to time, after considering the financial resources of both parties, order a party to pay a reasonable amount for attorney’s fees, suit money, and the cost to the other party of maintaining or defending any proceeding under this chapter …”