Wednesday, December 30, 2009

2010 Statutory Interest Rate Set

Florida's Chief Financial Officer, Alex Sink, has announced that effective January 1, 2010, the interest rate for judgments and decrees, pursuant to sec. 55.03, Florida Statutes, shall be six percent (6%), down from the 2009 rate (8%). It's easy to forget what the judgment rates were for years past, but the CFO's website has a listing of historical rates from 1995 forward (from 1981 through 1994, the rate was 12%).

Monday, December 14, 2009

Christmas-time Community Service

In addition to the usual holiday baking, caroling, and shopping, one of things I enjoy doing most with our children at Christmas time is helping others. The past few years we have volunteered to ring bells for the Salvation Army through the Clearwater Bar Association. I am fully convinced that adding my two sweet cherubs increases the donations significantly, especially when they sing. The other thing we enjoy is strolling around looking at the lights in our neighborhood. Not only are they beautiful but they are used by the community to raise money for the Hospice of the Florida Suncoast, an amazing organization. If you're in Largo drive through anytime after dark until 10 p.m. but be sure to follow the directional arrows so you can get in and out without trouble. Check out Lake Park Lights for directions and Merry Christmas!

Wednesday, December 9, 2009

Am I entitled to part of my spouse's military retirement benefit?

The answer to that question depends on specific facts in your case. For example:

How long is the marriage?

How long was your spouse in the military?

Did the time periods overlap?

Is the retirement payment already in pay-out status?

Is any portion retirement payment reduced by a service related disability payment or might he or she take that option in future?

Note: A veteran can receive anywhere between 10 and 100 of his or her retired pay in the form of disability pay. There are a number of ways to address these issues but it must be examined carefully before a Final Judgment is issued.