FL S0676

Expands definition of "marital assets and liabilities" to include principal paydown on mortgages secured by nonmarital real property when paid from marital funds during marriage.

Establishes formula for determining marital portion of passive property appreciation using a coverture fraction (ratio of principal payments from marital funds to property value at encumbrance date).

Calculates marital portion of passive appreciation by subtracting property value at marriage/acquisition date and any active appreciation from current valuation, then multiplying by the coverture fraction.

Allows courts to require security and reasonable interest on installment payments ordered in asset division, or otherwise account for time value of money in judgments.

Takes effect July 1, 2018.