Bill > H0521

This bill aims to amend Florida's law on the equitable distribution of marital assets and liabilities during divorce proceedings. Key provisions include: 1. Revising the definition of "good cause" for granting an interim partial distribution of assets, requiring courts to consider specific factors like the need to prevent asset loss or pay certain expenses. 2. Prohibiting interspousal gifts of real property without a written instrument that complies with state law. 3. Clarifying that the joinder of a spouse in the conveyance of homestead real property does not change the property's marital status. 4. Defining business interests in a closely held business as a marital asset, and requiring courts to consider specific factors when determining the value of such interests. 5. Designating real property acquired through non-interspousal means as a nonmarital asset. The bill aims to provide more clarity and guidance around the equitable distribution of assets during divorce proceedings in Florida.

Justice

https://www.flsenate.gov/Session/Bill/2024/521