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Dissipation of Marital Assets in Divorce:

| Oct 16, 2017 | Divorce |

Dissipation of assets occurs in a divorce case when joint funds have been spent for other than family purposes with the intention of reducing the amount of money available. In other words, one spouse spends money so that the other spouse can’t get their fair share. In the recent case of Riker v. Riker, the Maryland Court of Special Appeals determined a trial court had made a mistake when it determined that a wife had improperly taken retirement funds out of an account and awarded the husband a judgment for these funds less taxes and fees. The Court of Special Appeals said the taxes and fees should not have been deducted.

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