Stock Acquired by Gift Is Nonmarital Property

Business Valuation Update BVLaw
Legal and Court Case Update
April 9, 2003

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1611 Highway and Street Construction, Except Elevated Highways
237310 Highway, Street, and Bridge Construction
marital dissolution/divorce
Michael Lee Mills v. Pegey Mills
No. 3D01-1355 (Fla. App. 3 Dist. 2003)
US
State Court
Florida
Court of Appeals
Per Curiam

Summary

The Florida Court of Appeals, 3rd District, reversed the lower court’s characterization of stock in a family company, which employed the husband, gifted to the husband as marital property.

See Also

Michael Lee Mills v. Pegey Mills

Full Text of Court Cases
April 9, 2003

The Florida Court of Appeals, Third District reversed the lower court’s characterization of stock in a family company, which employed the husband, gifted to the husband as marital property. It noted that property received by one party during the marriage ...