by Robin Roshkind, Esquire, West Palm Beach, Florida
Anything that happened during a marriage a long time ago and long forgotten may certainly raise its ugly head when the husband and wife are in Florida divorce courts. An example of this is as follows: say for example that 15 years ago, the husband gambled away $100,000. The act is long forgiven, but when it comes to dividing assets and debts in a divorce case, this will come back to haunt the husband. The wife will claim that she should get $100,000 of some other marital asset, to even the playing field. This is not the divorce lawyer’s idea. It is the law.
That example is a perfect way to explain dissipation of marital assets. Other examples of dissipation of marital assets are substantial monies spent on a girlfriend or boyfriend, monies spent on supporting relatives, making bad investments, incurring high interest for non payment of bills and the like. Marital waste is usually associated with bad behavior like using marital funds to support a drug habit, gambling, or prostitutes, or excessive shopping.
If the waste or dissipation can be proven, then the injured party will be granted an unequal division of marital assets by the courts to make up for any benefit received by the other spouse even if it happened long ago. For more information about this or other divorce topics, 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.