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Proposed 2013 Changes to Florida’s Alimony Laws

Listen to Sherri DeWitt on DeWitt Law Review: Proposed 2013 Changes to Florida’s Alimony Laws Senate Bill 718 and House Bill 0231 propose major changes in Florida’s alimony laws. These bills revise the factors to be used to determine the amount and length of alimony awards. They place the burden on the recipient to show entitlement and eliminate the concept of permanent periodic alimony as it exists. Below is a summary of some of the major changes proposed in SB 718: 1. The standard of living the parties enjoyed during the marriage would no...

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Life Insurance: Reaffirming Your Beneficiaries

BEWARE: YOU MAY NOT REALLY BE THE BENEFICIARY OF YOUR EX’S LIFE INSURANCE POLICY Effective July 1, 2012, you are not considered the beneficiary of your ex spouse’s life insurance policy even if you are named as the beneficiary, UNLESS your ex spouse reaffirms you as the beneficiary after the divorce decree has been entered. This change in the law is extremely critical since it is to be applied retroactively. So, if you are divorced and your divorce decree provides that you are to be the beneficiary of a life insurance policy to secure child support or spousal support payments, you MUST...

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What Does The Foreclosure Settlement Mean For You?

On February 9, 2012 the State Attorneys General for 49 states entered into a $25 billion settlement with five of the Nation’s largest banks, Bank of America, Wells Fargo, Ally Financial, JP Morgan Chase and City Group. The purpose of the settlement is to end home foreclosure abuse stemming from robo-signing and to provide some relief to homeowners who are: 1. Delinquent and underwater 2. Underwater but current 3. Lost homes to foreclosure in the past 3 years. The settlement covers 1.8 million homeowners nation wide. It is the largest consumer finance settlement in US history and is second in overall settlements only...

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Mortgage And Foreclosure Problems: Available Help

Do you have mortgage or foreclosure problems? There is help available. Distressed homeowners now have additional programs to help them deal with their mortgage or foreclosure problems. Below are some examples of the help available: 1. There is now additional governmental assistance for those homeowners who are unemployed and are having trouble making their mortgage payment. The Obama administration has expanded assistance to unemployed homeowner by requiring that mortgage servicers for FHA insured loans allow some (qualified) unemployed homeowners to miss up to a year of mortgage payments while they search for a job. The current hiatus period is four months....

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A Review Of The 2012 Legislative Session

Below is a brief summary of some of the bills that were passed by the 114th session of the Florida Legislature and some that did not pass this session. Some of the Bills that Passed: (Must be signed into law by Governor Scott before they become law) Septic Tank Inspection: The legislature repealed a 2010 law requiring inspection of septic tanks every 5 yrs. Budget: The legislature passed a $70 billion budget with no new taxes, giving $1billion more for public schools, providing for 5000 fewer state jobs ( half in Dept. of Corrections) ; Reducing State Medicaid payments to Hospitals...

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