The financial consequences of divorce do not end when a marriage is dissolved. In many cases, months or even years pass before marital assets are finally distributed, leaving one spouse without the benefit of property to which they may ultimately be entitled. When that happens, an important question arises: should the spouse who was deprived of those assets be compensated for the delay? In a significant decision, the Florida Supreme Court answered that question by holding that trial courts have the discretion to award prejudgment interest as part of an equitable distribution award when doing so is necessary to achieve a fair result.
If you are facing a divorce involving substantial assets or contested property division, an experienced Miami family law attorney can help protect your financial future from the very beginning. Notably, Sandy T. Fox, P.A., represented the husband before the Florida Supreme Court in this landmark case, giving the firm firsthand experience with the legal principles that now govern equitable distribution disputes throughout Florida.
Facts and Procedural History
Allegedly, the parties’ marriage was dissolved after one spouse filed a petition for dissolution. Although the court entered a judgment dissolving the marriage relatively early in the litigation, it reserved jurisdiction to decide disputed issues involving equitable distribution, alimony, attorney’s fees, and costs. The financial issues remained pending for several years before the trial court entered a supplemental judgment resolving the distribution of the marital estate.
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