Reeves v. Reeves

554 So. 2d 560, 14 Fla. L. Weekly 2840, 1989 Fla. App. LEXIS 6900, 1989 WL 148432
CourtDistrict Court of Appeal of Florida
DecidedDecember 11, 1989
DocketNo. 89-1353
StatusPublished
Cited by1 cases

This text of 554 So. 2d 560 (Reeves v. Reeves) is published on Counsel Stack Legal Research, covering District Court of Appeal of Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Reeves v. Reeves, 554 So. 2d 560, 14 Fla. L. Weekly 2840, 1989 Fla. App. LEXIS 6900, 1989 WL 148432 (Fla. Ct. App. 1989).

Opinion

ZEHMER, Judge.

We vacate, as contrary to law, provisions in the judgment for dissolution directing the appellant, former husband, to purchase a home for use by the former wife, appel-lee, and their two children, to be held by her as trustee for the children, and further that upon the youngest child reaching majority the home be sold and the proceeds distributed to the children.

The final judgment dissolving the marriage provided that the children shall reside with the appellee mother and required the appellant father to pay the mother child support in the amount of $1000 per month for each child. The final judgment further directed:

4. Respondent/Father shall be required to purchase a home in which the Petitioner and minor children shall reside. Petitioner/Mother may select a house of her choosing and make any renovations she wishes, but the Respondent/Father shall be required to pay no more than $150,000.00 for the house including any renovations. During the minority of the children the mother shall have the exclusive use and control of said home and Respondent/Father shall hold the Petitioner/Mother harmless for any mortgage payments thereupon. The Petitioner/Mother shall be named as Trustee of the home in behalf of the children. If the Petitioner chooses she may sell the home and any equity shall belong to the children. Said funds may be used to purchase another home, and said home shall also be in the children’s name.

(R. 97). Granting the mother’s motion for rehearing and clarification of this provision, the trial court amended the final judgment to direct that the father (former hus- • band) may either pay $150,000.00 cash for the purchase of a home, or secure financing through the implementation of a standard mortgage deed and promissory note. (R. 101-102). It further provided:

Of importance are the issues or future issues surrounding this court’s requirement that the former husband purchase a home at a cost not less than $150,-000.00 for the children; the home, as per the final judgment, will be held by the former wife in the trust and for the benefit of the children during the term of their minority. Although the final judgment referenced the possibility of a mort[562]*562gage incidental to the purchase of a home or renovations upon same, the judgment was silent as to procedure. The Court will not herein attempt to address every problem which might arise in the future incidental to the sale and/or financing of the children’s home because those issues are not ripe for adjudication at this time, but the Court does hereby reserve jurisdiction upon the issue of the home in order to resolve any problems which might hereafter arise.
The Court agrees that the former husband may purchase a home at a cost of $150,000.00 in cash for the children but, as stated in the final judgment, the former husband may likewise secure financing through implementation of a standard mortgage deed and promissory note. Should the husband elect to pursue the latter method of financing he may then secure a standard mortgage payable over the term of the youngest child’s minority providing the outstanding balance upon the mortgage is reasonably amortized over the term of that child’s minority. The Court, by employing the term standard mortgage and said mortgage to be reasonably amortized over the term of the youngest child’s minority, contemplates that the mortgage will have no balloon payments and shall allow the children the sole ownership of the home free and clear of any liens or encumbrances thereon at the time that the youngest child attains the age of 18 years.
The Court acknowledges that the former husband cannot be required to pay child support beyond the age of the children’s majority, but the above method of financing will allow the children to acquire a valuable asset which they may employ once the youngest child attains his majority for whatever purposes they may see fit. The former wife has stated to this Court that the home will be used to finance the children’s college educations and the Court realizing the actual cost of a college education in 1988 understands that the home may very well provide sufficient funds for a college education for the children once they attain majority.
Furthermore, should the husband elect to mortgage the home as stated above, he shall be responsible for the property taxes and homeowner’s insurance thereon; should he elect to pay cash for the home he shall not be required to pay those two items.

(R. 101, 102).

The father/husband filed a motion for rehearing, arguing that the above provisions are invalid as a matter of law. The wife moved for an order of contempt because the father had not complied with these requirements. Both motions were denied, but the order further provided:

2. The Petitioner shall execute a mortgage instrument (on the home that Respondent is to provide to his children) in her representative capacity (Trustee) and should further execute a trust document setting for [sic] the rights and obligations of the Trustee, Settlor, and Beneficiaries, both of which aré required by any lending institution in order to permit the Respondent to obtain mortgage financing on the house as allowed by this Court; provided however that the Petitioner’s execution of the mortgage document shall not have the effect of making the Petitioner individually liable upon the debt obligation, but is required only to perfect the lending institution’s security interest in the home and to meet the other requirements of the lender.
3. The trust instrument herein shall be prepared by counsel for the lending institution within ten (10) days. Said document shall be provided to Petitioner’s attorney for execution by the Petitioner with a copy filed with this Court. If the Petitioner’s attorney is dissatisfied with the trust instrument as drafted, he shall, within five (5) days thereafter, provide a substitute trust instrument to the Respondent and lender’s attorneys and if that trust instrument does not meet with the Respondent’s approval and the approval of the lender’s attorneys, then this Court should be immediately notified and it will decide which instrument is to be used, or prepare a substitute agreement.
4. Should the lending institution require a Financial Statement from the Pe[563]*563titioner, she will provide a current Financial Statement upon the appropriate form immediately. The Respondent shall immediately provide to the Petitioner’s attorney the appropriate form as required by the lending institution.
5. All financial arrangements and the actual closing upon the home shall occur on or before sixty (60) days from the date of this Order, unless modified by this Court. The Court notes that the Respondent does possess the financial ability to obtain the necessary financing within the stated period of time.
6. If the Respondent has not made all arrangements necessary to purchase the home and conclude the closing by the stated date, then he shall immediately begin paying to the Petitioner the sum of $1,500.00 per month for each month’s delay commencing one month after the deadline as herein set forth and on the same day of each month thereafter until the actual closing is effected.

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Related

Contreras v. Contreras
645 So. 2d 564 (District Court of Appeal of Florida, 1994)

Cite This Page — Counsel Stack

Bluebook (online)
554 So. 2d 560, 14 Fla. L. Weekly 2840, 1989 Fla. App. LEXIS 6900, 1989 WL 148432, Counsel Stack Legal Research, https://law.counselstack.com/opinion/reeves-v-reeves-fladistctapp-1989.