Dissipation Of Assets By Spending Money On My Girlfriend

By Sara Pitcher Cordell & Cordell Divorce Lawyer Spending on a significant other or third party that was unknown to the spouse is a common example of dissipation of assets. Dissipation as it relates to spending on alcohol, drugs, gambling, or similar items or activities is much more difficult to …

What Counts As Dissipation Of Assets In A Divorce Case?

By Sara Pitcher Cordell & Cordell Divorce Lawyer Dissipation is defined by the Black’s Law Dictionary as: “The use of an asset for an illegal or inequitable purpose, such as a spouse’s use of community property for personal benefit when a divorce is imminent.” Some jurisdictions automatically impose a temporary …

Dissipating Marital Assets Before Divorce

Question: My wife has been giving money to her relatives and buying them gifts without my knowledge or consent. She is spending our joint money as she pleases. Can these costs be included as part of the final settlement? If not, can I give money to my relatives as well …

Property Issues in Divorce

The dissolution of a marriage (divorce) is similar to the dissolution of a business partnership – the division of the assets and debts of the endeavor. However, the division of the assets and debts (called the marital estate) in a dissolution of marriage case involves definitions, exceptions and considerations not …