What Is Dissipation Of Marital Assets Mean?

By Robin Roshkind, Esquire

In Florida, assets and debts of the marriage need to be equitably distributed when a husband and wife divorces.  That does not mean 50/50 split like in California…Florida is an equitable distribution state, while some states, like California, are community property states.

In equitably distributing the assets and debts of the marriage, the court must find out what is a REASONABLE split between the parties.  In so doing, the court can consider what is marital, what is non marital, what was brought to the marriage, and what was frivolously spent during the marriage.

A dissipation of marital assets claim can include things like excessive gambling, drinking, drug use, shopaholic tendencies, supporting a paramour, any habit where excessive marital funds or assets were used by one spouse to support his/her habit to the detriment of the marriage.

An equalization payment from some other marital asset will be used to off set the dissipation for the benefit of the innocent spouse.  For more information about this or other divorce topic call one of the divorce lawyers at ROBIN ROSHKIND, P.A. at 561 835 9091 or click on the Firm’s web site at http://www.familylawwpb.com for more information.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s