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Dissipation

Dissipation

Dissipation of marital assets occurs when one spouse uses marital property for personal benefit when a divorce is imminent. For example, when marital assets are spent on a spouse’s paramour — or for any other purpose not related to the marriage — without the other spouse’s awareness or consent, dissipation may have occurred. A husband or wife who has dissipated funds may be required to reimburse the marital estate. We possess the skills needed to review and evaluate complex financial records and, in the process, identify potentially dissipated assets. When necessary, the firm aligns with forensic accountants to ensure our clients receive the most sophisticated advice and representation regarding issues of dissipation.