JUDITH ZUCKER, APPELLANT,
v.
JULES ZUCKER, M.D., APPELLEE
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In this marriage dissolution appeal, the wife challenges the trial court's valuation of marital assets and alimony award. The appellate court affirms the alimony determination but reverses the asset valuation, finding errors in the appraisal of the husband's medical center interest and the omission of a $20,000 note from the marital estate.
The trial court erred in valuing the husband's medical center interest at $30,816 when the evidence established it at $40,816, and erred in failing to include a $20,000 note owned by the medical center as part of the marital estate. However, the trial court did not abuse its discretion in awarding rehabilitative alimony of $3,000 per month for 3.75 years, $2,500 per month for 3 years thereafter, and $1,500 per month in permanent alimony.
[1] A trial court errs in valuing a party's interest in a medical center if the valuation is not supported by the evidence.
[2] A trial court errs by failing to include a note owned by a medical center as part of the marital estate in a dissolution proceeding.
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Join FLexlaw to unlock all legal intelligence“the evidence, without material dispute, establishes that such interest is valued at $40,816”
Establishes the correct valuation of the husband's medical center interest as determined by the appellate court, contradicting the trial court's $30,816 valuation
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Join FLexlaw to unlock all legal intelligenceThe case involves the dissolution of marriage between Judith Zucker and Dr. Jules Zucker following protracted proceedings. The trial court valued the …
The full statement of facts, procedural history, and disposition for this case are member content.
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PER CURIAM.
This is an appeal by the wife Judith Zucker from a final judgment of marriage dissolution which was entered after protracted proceedings below. We affirm in part and reverse in part.
First, we conclude that the trial court erred in valuing the husband’s interest in the North Miami Medical Center at $30,816; the evidence, without material dispute, establishes that such interest is valued at $40,816. Moreover, we further conclude that the trial court erred in failing to include a $20,000 note owned by the North Miami Medical Center as part of the marital estate herein. Inasmuch as the trial court determined in the final judgment that each party should receive a 50% equitable distribution of the marital assets, the aforesaid valuation errors mean that the wife is entitled to $15,000 more in equitable distribution than that which she received below; upon remand, the trial court is directed to award the wife an additional $15,000 in marital property as equitable distribution. See Rodriguez v. Rodriguez, 550 So. 2d 16 (Fla. 3d DCA 1989); Buttner v. Buttner, 484 So. 2d 1265, 1266-67 (Fla. 4th DCA), rev. denied, 494 So. 2d 1149 (Fla.1986); Craig v. Craig, 404 So. 2d 413 (Fla. 4th DCA 1981); cf. Clemson v. Clemson, 546 So. 2d 75, 77-78 (Fla. 2d DCA 1989).
Second, we find no merit in the balance of the wife’s points on appeal. In particular, we find no abuse of discretion in the trial court’s decision to award the wife rehabilitative alimony in the amount of $3,000 a month for three and a half (3¾⅛) years and $2,500 a month for three (3) years thereafter — and to award the wife $1,500 a month in permanent alimony at the expiration of the rehabilitative alimony. See Canakaris v. Canakaris, 382 So. 2d 1197 (Fla.1980); Shaw v. Shaw, 334 So. 2d 13, 16-17 (Fla.1976); Vasquez v. Vasquez, 443 So. 2d 313, 314 (Fla. 4th DCA 1983), rev. denied, 451 So. 2d 851 (Fla.1984); Creel v. Creel, 378 So. 2d 1251, 1253 (Fla. 3d DCA 1979), cert. denied, 388 So. 2d 1111 (Fla. 1980); Donner v. Donner, 281 So. 2d 399 (Fla. 3d DCA), cert. denied, 287 So. 2d 679 (Fla.1973); Harrell v. Harrell, 171 So. 2d 214, 216 (Fla. 1st DCA 1965); cf. In re J.R.K., 541 So. 2d 651, 652 (Fla. 1st DCA 1989); Griffin v. Griffin, 510 So. 2d 360 (Fla. 2d DCA 1987).
Affirmed in part; reversed in part.
SCHWARTZ, C.J., and GERSTEN, J., concur.
HUBBART, Judge
(concurring in part; dissenting in part).
I agree with the court’s disposition of the instant case save for its conclusion that the trial court did not abuse its discretion in making the hybrid rehabilitative/permanent alimony award in this cause. Viewing the record in a light most favorable to the husband, it was established below that (a) this was a twenty-two (22) year marriage; (b) the husband is a successful cardiologist who grosses approximately $240,000 a year and nets approximately $130,000 a year in income through his professional association; (c) the wife, 44 years old, kept house and cared for the parties’ three minor children during the marriage; (d) the wife is a part-time school teacher grossing $11,400 a year in income, could gross $17,000 a year in income if she worked full time, and has a potential, with the help of the awarded rehabilitative alimony, to gross approximately $25,000 a year in the future; (e) the parties enjoyed a relatively affluent, but not extravagant, life style during the marriage; and (f) the wife received, after this court’s adjustments, one half of the marital assets [none of which are income producing] valued at $475,000, including the marital home and part of the husband’s pension.
I think the wife was' arbitrarily short changed on the alimony award. After the rehabilitative alimony is exhausted in 7V2 years, the wife, at age 51, will receive only $1,500 a month in permanent alimony and will be earning, at best, $25,000 a year teaching — for a total of $42,000 gross an nual income. This is not a pittance, but is patently inadequate in view of the husband’s gross income of $240,000 a year ($130,000 net income) as a successful cardiologist and the relatively affluent life style which the parties enjoyed during the marriage. The wife, at the very least, deserves $3,000 a month in permanent alimony so that her gross annual income, including her teaching income, is increased to a far-from-handsome $60,000 a year — as urged by the wife. Although I am loathe to interfere with the trial court’s discretion on this matter, I am nevertheless driven to the conclusion that the $1,500 a month awarded in permanent alimony was arbitrary and unreasonable under any reasonable view of this record — and that the wife’s request for a meager increase to $3,000 per month in permanent alimony would tend to right, at the lower end of the reasonableness scale, the income imbalance which unfortunately the final judgment creates. DeCenzo v. DeCenzo, 433 So. 2d 1316, 1318 (Fla. 3d DCA 1983); Carr v. Carr, 522 So. 2d 880, 884 (Fla. 1st DCA 1988); Pirino v. Pirino, 525 So. 2d 1028 (Fla. 5th DCA 1988).
I would therefore reverse the alimony awarded herein and remand the cause to the trial court with directions to award the wife $3,000 a month in permanent alimony; in all other respects, however, I would affirm the final judgment under review.
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Polley v. Polley, 588 So. 2d 638 (Fla. 3d DCA 1991)…v. Hair, 402 So. 2d 1201 (Fla. 5th DCA 1981), review denied, 412 So. 2d 465 (Fla. 1982). Absent such evidence, the trial court’s valuation constitutes an abuse of discretion. See Marcoux v. Marcoux, 464 So. 2d 542, 544 (Fla.1985); Zucker v. Zucker, 577 So. 2d 591 (Fla. 3d DCA 1991); Sheffield v. Sheffield, 522 So. 2d 986 (Fla. 1st DCA 1988); Addington v. Addington, 522 So. 2d 897 (Fla. 1st DCA 1988). The wife presented expert testimony as to the value of the parties’ interest in PPC. The expert testified th…
Authorities Cited (17 total)
- Canakaris v. Canakaris, 382 So. 2d 1197 (Fla. 1980)
- Shaw v. Shaw, 334 So. 2d 13 (Fla. 1976)
- DE Cenzo v. de Cenzo, 433 So. 2d 1316 (Fla. 3d DCA 1983)
- Buttner v. Manfred W. Buttner, 484 So. 2d 1265 (Fla. 4th DCA 1986)
- Carr v. Carr, 522 So. 2d 880 (Fla. 1st DCA 1988)
- Clemson v. Cathleen Carol Clemson, 546 So. 2d 75 (Fla. 2d DCA 1989)
- Donner v. Donner, 281 So. 2d 399 (Fla. 3d DCA 1973)
- Creel v. Creel, 378 So. 2d 1251 (Fla. 3d DCA 1979)
- Pirino v. Pirino, 525 So. 2d 1028 (Fla. 5th DCA 1988)
- Vazquez v. Vazquez, 443 So. 2d 313 (Fla. 4th DCA 1983)