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b2ap3_thumbnail_dissipation-wasting-money-divorce-broke.jpgDivorce can happen after three years or 30 years of marriage. Every relationship is unique, and there are many factors that cause the breakdown of a relationship. Some of these may include adultery, addiction, financial problems, and even mental health issues. In some cases, a spouse may be blindsided by the news that his or her partner wants to end the marriage. Divorce under the best of circumstances can be challenging, so for those individuals who are not prepared, it can be overwhelming. 

There are many issues that need to be resolved, including how all the couple’s possessions will be divided. Unfortunately, this can be a contentious process, especially when one party is not being truthful. The dissipation of assets occurs when one spouse intentionally squanders or destroys marital property to prevent the other spouse from getting his or her fair share of the marital estate.

Examples of How Assets Are Dissipated

In order for a court to find someone guilty of dissipation, the spending must be wasteful, excessive, and without the other spouse’s knowledge or approval. It is also important to note that this means it is only benefitting one spouse while the marriage is going through an irreconcilable breakdown. Dissipating marital assets or property can take different forms. Here are a few examples of the most common actions that constitute such behavior: 

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