In re the Marriage of Rennick

20 Fla. Supp. 2d 35
CourtCircuit Court for the Judicial Circuits of Florida
DecidedOctober 24, 1986
DocketCase No. 85-594-FR-01
StatusPublished

This text of 20 Fla. Supp. 2d 35 (In re the Marriage of Rennick) is published on Counsel Stack Legal Research, covering Circuit Court for the Judicial Circuits of Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In re the Marriage of Rennick, 20 Fla. Supp. 2d 35 (Fla. Super. Ct. 1986).

Opinion

[36]*36OPINION OF THE COURT

DANIEL M. KILBRIDE, Acting Circuit Judge.

FINAL JUDGMENT OF DISSOLUTION OF MARRIAGE

THIS CAUSE was tried before the Court over a period of ten (10) days commencing July 1, 1986, continuing July 2, 7, 8, 10, 1986, September 3, 4, 5, 10, 1986 and concluding September 17, 1986. The Husband, RONALD H. RENNICK, was present and represented by able Counsel, NORMAN A. GREEN, ESQUIRE. The wife, DIANNE M. RENNICK, was also present and represented by able Counsel, STEVEN FROMANG, ESQUIRE. The Court has heard the extensive testimony of the parties and their witnesses, received voluminous exhibits in evidence, and heard the closing arguments of respective counsel. The Court has also reviewed the Husband’s Memorandum of Law filed September 17, 1986, and the Wife’s Review of Case Law and Statutory Provisions filed September 17, 1986. The Court has also considered the stipulations of the parties concerning the primary physical residence and parental responsibility of the two minor children of the parties, and the stipulation concerning certain real property located in the State of Missouri in the name of the Husband and the parties’ eldest son.

Based on the greater weight of the creditable evidence presented at Trial, after having closely observed the parties and their witnesses, and having considered their appearance and demeanor, and having weighed their creditability; and after giving due consideration to the arguments of respective counsel; having considered all case law contained in briefs filed by counsel; and being fully advised in the premises, the Court makes the following

FINDINGS OF FACT AND CONCLUSIONS OF LAW

1. This Court has jurisdiction of this cause and of the parties in that the parties have been bona fide residents of the State of Florida for more than six (6) months immediately prior to the filing of this dissolution action. The parties were married on August 7, 1971, at Cambridge, Massachusetts. The parties co-habited in the State of Massachusetts until June of 1973, at which time they permanently moved to Vero Beach, Florida. There were two children bom of this marriage. J. R. RENNICK also known as RONALD RENNICK, JR., was bom October 20, 1972, and STEVEN RENNICK was born July 11, 1979. The parties have stipulated that the primary physical residence of J. R. RENNICK, shall be with the Husband and that the primary physical residence of STEVEN RENNICK shall be with the [37]*37Wife. The parties further stipulated that there should be frequent and liberal contact and access to the respective children from the noncustodial parents and request the Court to Order, as a minimum, its standard visitation and access schedule. The marriage is irretrievably broken.

2. The Husband is 36 years old. The Husband has a congenital heart defect known as WPW Syndrome. High levels of stress can exacerbate the condition. In addition, the Husband has sustained a back injury as a result of a 1985 automobile accident and has been undergoing treatment by a chiropractor physician. The Husband has a Bachelor of Arts degree and has done two years post graduate work toward a Master of Business Administration degree at Harvard University but did not receive same. Throughout his adult life, he has been an extremely hard worker and has invested his money wisely. Subsequent to moving to Vero Beach, neither the Husband nor the Wife had ever been employed by others. They maintained themselves and their children as a result of the real estate investments and antiques and used furniture sales which they conducted. The nature of their investments consisted of the purchase of distress property and property that could be acquired for little or no cash down payment. All of which was predominantly low to middle class residential rental units. During the marriage the Husband has obtained his real estate license from the State of Florida. In addition, he has formed RON RENNICK, INC., KING MANGO CORPORATION, and STEAM MILL HOLLOW, INC., all Florida corporations.

3. The Wife is 40 years of age. Her health appears to be satisfactory. She must wear corrective lenses and indicates that contact lenses have been more satisfactory than normal eye glasses. The Wife complained of other possible medical disorders but produced no proof of same at Trial. The Wife is not a high school graduate but has attended some college level courses. The Wife would work with the family investments alongside the Husband. Her present job skills would limit her ability to obtain employment in the private sector, she is quite capable of managing and operating the investments awarded to her by the Court.

4. The considerable property acquired by the parties is held jointly, individually, and in some cases by the corporations of the parties. The Court has determined the fair market value of each parcel of real estate and has factually determined the cash flow of each parcel, if any, on the list below. The said list refers to the properties by letter designation as has been consistently done throughout the course of this litigation. The Court, while considering this issue, has considered all of the

[38]*38properties of the parties as marital assets irrespective of how the legal title was designated.

FACTUAL DETERMINATION OF FAIR MARKET VALUE AND CASH FLOW OF THE ASSETS OF THE PARTIES

PROPERTY DESIGNATION CASH FLOW FAIR MARKET VALUE

A (848.00) 33.242.00

B 1,801.00 31.000. 00

C 1.747.00 30.600.00

D 3.152.00 58.500.00

E 3.152.00 78.240.00

F 1.194.00 24.000. 00

G (262.00) 11.000. 00

H (210.00) 12.500.00

I (848.00) 47.000. 00

J (4.092.00) 38.500.00

K 1.237.00 26.500.00

L (3.106.00) 42.000. 00

N 207.00 18.000. 00

O (34.346.00) 80,000.00

P 24,063.00 434,000.00

Q (11.486.00) 45.000. 00

R 2.025.00 11.625.00

T (4.271.00) 31.200.00

U (1.481.00) 30.000. 00

Y (6.327.00) 97.000. 00

W (2.218.00) 24.000. 00

X 693.00 17.000. 00

Y (1.751.00) 19.500.00

Z (16.680.00) 75.700.00

AA (3.150.00) 29.400.00

BB (1.341.00) 37.500.00

CC 113.00 34.000. 00

EE (3.669.00) 74.500.00

FF (1.735.00) 22.500.00

GG (991.00) 30.000. 00

HH (1.005.00) 18.500.00

JJ (50.00) 2.500.00

KK (1.700.00) 12.000. 00

LL (50.00) 1,000.00

MM (150.00) 3.500.00

NN (550.00) 17.500.00

[39]*39oo (150.00) 2,000.00

pp (5,500.00) 110,000.00

84,640.00 QQ N/A

1,270.00 (50.00) RR

16,000.00 N/A XT

THE DISSOLUTION ISSUE:

5. As to the dissolution issue, under the provisions of Chapter 61, Florida Statutes, fault in causing the marriage breakup is not relevant. The voluminous evidence, herein, clearly demonstrates that this marriage is irretrievably broken and has been so for well over one year. The Court finds that the allegations of marital misconduct from both parties, whether well founded or not, did not contribute significantly to the breakup of this marriage.

THE CUSTODY ISSUE:

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