Marriage of Williams
Gambling debts are not a dissipation as gambling is legal and is a form of expensive entertainment.
Gambling debts are not a dissipation as gambling is legal and is a form of expensive entertainment.
Poor business decision, in and of themselves, do not warrant a finding of misconduct, absent a finding of bad faith, intent to dispose or the like.
Husband charged with amount of dissipation in the final year of marriage only.
Wife credited with extra $60,000 due to money wasted by husband gambling, although both parties gambled. The husband dissipated more than wife and did so in a secretive way, including disposing of several assets without her knowledge.
Criminal activity constituted waste of marital assets and justified a disproportionate distribution of property in favor of the wife.
For a transaction to constitute dissipation of marital assets, it must occur either in contemplation of divorce or while the marriage is in serious jeopardy.
Closing profitable masonry business was a wasteful dissipation of assets.
Wife’s gambling was financial misconduct.
Criminal conduct was financial misconduct.
Unilateral investment decisions do not constitute waste.