ALERT

[NEED LEGAL HELP?] Call our 24/7 Helpline: 1-866-723-4855

Dissipation

Definition - What does Dissipation mean?

Dissipation refers to the act of squandering marital assets by a soon-to-be divorced spouse through lavish spending, gifting, gambling, or fraudulently transferring them to a third party. The laws regarding dissipation in divorce vary from state to state, but strict penalties are most often imposed on a spouse who is found guilty of dissipation.

Justipedia explains Dissipation

In divorce cases, it is frequently discovered that one party hid or recklessly spent marital assets in anticipation of a divorce. Dissipation results in the dependent spouse getting a lesser share of the marital assets. Proving dissipation in a family court is difficult, as the laws vary from jurisdiction to jurisdiction, and many face problems in proving whether the spending was legitimate or dissipation.

Connect with us

Justipedia on Linkedin
Justipedia on Linkedin
Tweat cdn.justipedia.com
"Justipedia" on Twitter


'@justipedia_com'
Sign up for Justipedia's Free Newsletter!

Find a Lawyer