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 …CONTINUE READING
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 …CONTINUE READING
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 …CONTINUE READING
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 …CONTINUE READING