summary
Introduced
11/20/2023
11/20/2023
In Committee
12/05/2023
12/05/2023
Crossed Over
Passed
Dead
03/08/2024
03/08/2024
Introduced Session
2024 Regular Session
Bill Summary
An act relating to equitable distribution of marital assets and liabilities; amending s. 61.075, F.S.; revising the definition of the term “good cause”; requiring a court to consider certain factors when determining if extraordinary circumstances exist; prohibiting certain interspousal gifts unless certain requirements are met; providing that certain actions do not change whether certain real property is marital property; providing that business interest in a closely held business is a marital asset; requiring a court to consider certain factors when determining the value of such interest; revising and providing definitions; providing an effective date.
AI Summary
This bill amends Florida's law on the equitable distribution of marital assets and liabilities during a divorce. It revises the definition of "good cause" for an interim partial distribution, requiring courts to consider specific factors such as the need to prevent the loss of assets or pay for dependent children's expenses. The bill also prohibits interspousal gifts of real property without a written agreement, clarifies that business interests in closely held companies are marital assets, and provides guidance on how courts should value those interests. Additionally, the bill establishes presumptions that real and personal property held as tenants by the entireties are marital assets, and sets the burden of proof for overcoming this presumption.
Committee Categories
Health and Social Services
Sponsors (1)
Last Action
Laid on Table, refer to HB 521 (on 02/28/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2024/534 |
| Analysis - Rules (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2024/534/Analyses/2024s00534.rc.PDF |
| Analysis - Rules (Pre-Meeting) | https://www.flsenate.gov/Session/Bill/2024/534/Analyses/2024s00534.pre.rc.PDF |
| Analysis - Children, Families, and Elder Affairs (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2024/534/Analyses/2024s00534.cf.PDF |
| Analysis - Children, Families, and Elder Affairs (Pre-Meeting) | https://www.flsenate.gov/Session/Bill/2024/534/Analyses/2024s00534.pre.cf.PDF |
| Analysis - Judiciary (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2024/534/Analyses/2024s00534.ju.PDF |
| Analysis - Judiciary (Pre-Meeting) | https://www.flsenate.gov/Session/Bill/2024/534/Analyses/2024s00534.pre.ju.PDF |
| BillText | https://www.flsenate.gov/Session/Bill/2024/534/BillText/Filed/HTML |
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