What Happens When Your Florida Marital Settlement Agreement is Based, in Part, on an Incorrect Assumption?

There is an old and colorful saying about the perils of making assumptions. The saying, which popped up on a 1973 episode of The Odd Couple, admonishes that you should “never assume” and reveals its lesson by separating the word “assume” into its first through third letters, its fourth letter, and its fifth through sixth letters. Before entering into any contractual agreements, including marital settlement agreements, it would be wise to heed this advice. It would also be wise to seek out the advice and counsel of an experienced Florida divorce attorney. One case in which one of the spouses didn’t heed that advice was a recent action that originated in Sarasota County. James and Pamela were married for 27 years before their marriage ended in divorce. James was the son of very wealthy parents. In fact, James’ parents’ wealth was the source of the couple’s retirement plan. According to the court, they never saved for retirement;…

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