Severs v. Severs
This text of 426 So. 2d 992 (Severs v. Severs) 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.
Opinion
Avalon L. SEVERS, Appellant,
v.
Dwight W. SEVERS, Appellee.
District Court of Appeal of Florida, Fifth District.
Bruce M. Bogin of Bogin, Munns & Simon, Orlando, for appellant.
Frank J. Griffith, Jr., of Nabors, Potter, McClelland, Griffith & Jones, P.A., Titusville, for appellee.
COBB, Judge.
On appeal the wife seeks a greater alimony award, and asks that it be permanent. She also asserts that the lower court erred in not requiring the husband to maintain life and medical insurance payable to her and the children; in not granting her sufficient attorney fees; and in not granting her a special equity in the "property" of the husband's professional degree and license, valuated by capitalizing his future earning capacity.
The facts elicited below show that there are three minor children of this 15-year marriage. The parties were co-owners of a marital home in Titusville. The wife has a teaching degree, and worked as a teacher to assist her husband in achieving his law degree. After his graduation and entry into private practice, the wife abandoned her career and devoted full time to being a housewife and mother. The evidence of the husband's earning capacity, based on a net average for the past five years, shows an annual income of $31,300. The wife has currently maintained her teaching certificate in the State of Florida.
At the time of the dissolution the parties were co-owners of the marital home, a Datsun truck, a 1979 Datsun car and household furnishings. The husband's individual assets were law firm stock ($15,000), law firm property ($24,000), an orange grove (equity of $50,000), a law firm pension plan ($27,000), cash in the amount of $7,000, orange grove equipment valued at $2,500, and a 1980 Datsun car, motorcycle and boat (aggregate value of $7,000). The wife's individual assets were a mortgage note receivable ($17,000), cash in the amount of $5,000, and a certificate of deposit of $10,000.
In the final judgment the court dissolved the marriage of the parties and equally divided custody of the minor children between the parents. The husband is required *993 to pay $450 per month to the wife as child support. The court awarded rehabilitative alimony of $300 per month to the wife for 36 months, and awarded lump-sum alimony of one-half of the husband's interest in the marital home. The parties have stipulated to sell the home. The wife, therefore, would be receiving 75% of the proceeds and the husband would receive 25%. The court also granted the wife as lump-sum alimony the husband's one-half interest in the Datsun automobile and his one-half interest in the sterling silver (value claimed to be $6,400). The marital home was to be placed for sale at $175,000, and the briefs of the parties suggest to us that it will be sold for $166,500. Pending the sale of the marital home, the payments for mortgage, taxes, insurance and any major repair items would be equally split between the parties. The court divided certain properties that the parties were both claiming. The court awarded as a contribution toward payment for costs and services to the wife $6,500 as attorney fees, and $1,155.35 as costs. The court ordered the husband to pay certain medical bills of the wife. The court retained jurisdiction of the cause and the parties and their minor children for all legal purposes.
Based upon a proposed sale of the marital home at $166,500 with a net of $40,000 down and a mortgage receivable of $65,000 payable over 20 years at 12% interest, the relative financial positions of the parties, resulting from the trial court's judgment, is as follows:
Wife's Post-Dissolution Assets
Cash Brad properties account $ 900.00
Sale of marital home cash 30,000.00
Mortgage received marital home
($537 per mo. 12% 20 years) 48,750.00
Mortgage received Brad properties
($200 per mo. 25 years) 17,500.00
Merrill, Lynch money market
account 15,000.00
1979 Datsun 4,000.00
Household furnishings 1,500.00
Sterling silver 6,400.00
___________
TOTAL NET WORTH $124,050.00
Husband's Post-Dissolution Assets
Law firm interest $ 15,000.00
Law firm property 24,000.00
Orange grove 50,000.00
Law firm pension plan 27,000.00
Cash savings account 7,000.00
Marital home cash $10,000 less
Appellant's attorney's fees of
$7,658.34 2,341.66
Mortgage receivable marital home
1/4 16,250.00
1978 Datsun truck 3,500.00
Orange grove equipment 2,500.00
Household furnishings 1,500.00
1980 Datsun, motorcycle and boats 7,000.00
___________
TOTAL NET WORTH $156,091.66
If the law firm stock and property were excluded from the husband's net assets because they have no current market value, then the wife's assets would be $124,050 and the husband's $115,091.66. The wife has no debt where the husband has a mortgage on the grove and on the law firm property.
The relative income positions of the parties as a result of the final judgment and payment of the alimony and support obligations are as follows:
Husband's Income
Net monthly salary $2,194.59
Car allowance 250.00
Mortgage receivable from 1/4 of
house mortgage 178.00
_________
Net Income $2,622.59
Less rehabilitative alimony 300.00
Less child support 450.00
_________
Adjusted net monthly income $1,972.59
Wife's Income (Without Working)
Rehabilitative alimony $ 300.00
Child support 450.00
Brad mortgage (25 years) 200.00
Marital home mortgage (20 years) 537.00
Merrill, Lynch account ($15,000 at
15% interest) 189.00
_________
Total monthly income $1,666.00
(The above income for husband and wife assumes the marital residence is sold as stated above.)
Much of the wife's income is either not taxable or subject to capital gains treatment or not even capital gains treatment if the wife repurchases a home. The wife's monthly income does not involve her working, whereas the husband must continue *994 working and each party shares equally in the responsibility of rearing the minor children. The above monthly income is predicated upon the wife utilizing the $30,000 she would receive from the sale of the marital residence to apply toward another residence.
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426 So. 2d 992, Counsel Stack Legal Research, https://law.counselstack.com/opinion/severs-v-severs-fladistctapp-1983.