Property division in divorce cases is often a battleground, especially when significant assets like the marital home have appreciated in value. The timing of asset valuation can make a substantial difference in how property is distributed, and courts must carefully assess the appropriate date to ensure fairness. For example, in a recent Florida decision, the court ruled that a trial court erred by valuing the marital home at the time of trial rather than at the date of the parties’ separation. If you are going through a divorce involving property division, you should speak to an experienced Florida family law attorney about how you can protect your financial interests.
Factual Setting and Procedural Background
It is reported that the parties were married in 2000 and later separated in 2015. The trial court found that both parties had contributed to the marital home’s purchase and initial improvements, but after the separation, the husband remained in the home while the wife ceased contributing to mortgage payments, repairs, or maintenance costs. Despite this, the trial court determined that the home’s value should be assessed as of the trial date rather than the separation date, citing passive appreciation.
The husband moved for rehearing, arguing that the valuation should be based on the separation date since he had maintained the property for years alone without financial support from the wife. He further contended that the trial court improperly considered the wife’s earlier financial contributions, as they occurred before the separation. The trial court denied the motion, leading the husband to appeal. Continue reading ›