by Robin Roshkind, Esquire, West Palm Beach, Florida
My clients often ask me why something that happened 20 or 30 years ago in their marriage matters in today’s divorce court. The reason is the divorce court judge in Palm Beach County cases can look back to see if there was any marital waste. What exactly does that mean and why is it significant.
It can mean the following: marital funds spent on a gambling habit; drugs; alcoholism; prostitutes; mistresses; extended family members; relatives overseas. Marital waste is anything that marital monies are spent on that does not further the marital purpose.
Some might consider marital waste as a dissipation of marital assets. But dissipation can also encompass bad investments, or other waste of marital funds done in good faith in trying to maintain the marriage. Selling a marital asset to pay marital bills is dissipation, but it is in furtherance…
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