Saturday, April 28, 2007

The following language is no longer available for distribution of retirements in Florida. See Lawrence v. Lawrence, 904 So. 2d 445, 446 (Fla. 3d DCA 2005).

The Former Spouse is awarded a percentage of the member's disposable military retired pay, to be computed by multiplying 50% times a fraction, the numerator of which is 125.5 months of marriage during the member's creditable military service, divided by the member's total number of months of creditable military service.

Subsequently, the Second District issued Oglesby v. Oglesby, 921 So.2d 849 (Fla. 2nd DCA 2006), followed the above approach by saying:

“Third, the Former Wife is only entitled to that portion of the Former Husband's pension that accrued during the marriage. See Lawrence v. Lawrence, 904 So. 2d 445, 446 (Fla. 3d DCA 2005) (“The Florida Supreme Court has held that the valuation of a vested retirement plan is not to include any contributions made after the original judgment of dissolution.”) (citing Boyett v. Boyett, 703 So. 2d 451 (Fla. 1997)). We find the phrases “until such time as his retirement benefits are fully vested,” “prior to obtaining full retirement benefits,” and “total sum of retirement benefits she would have otherwise received had Husband remained an active member of the military” are subject to varying interpretations and could be read to suggest otherwise.

In light of the foregoing is the only possible way to avoid continued appreciation post judgment is though the use of a dollar figure?

JOSEPH C. HOOD, ESQUIRE
Board Certified in Marital and Family Law
709 West Azeele St., Ste. B
Tampa, FL 33606
813-254-5554
Fax: 813-254-5554
E-MAIL: jchpafl@verizon.net

3 comments:

Anonymous said...

Hello Mr. Hoood and others.

I am a A war time 100% SERVICE-CONNECTED permanently and totally disabled veteran. Each month I receive "service connected disability compensation". is this non-taxable compensation customarily considered a merital or a personal asset? can this compensation be taken away from me as alimony payments to my soon to be ex-spouse of 31 years?


Garzone Giuseppe
garzone_joe @att.net

Anonymous said...

Good for people to know.

MILITARY DIVORCES said...

No it is not considered a marital asset in Florida and it is not considered to be income for alimony either.

Joe Hood