DISSIPATION OF MARITAL ASSETS
If one party intentionally dissipates (which means "to waste",
to "expend on useless or profitless activity", "to use or consume an asset
thoughtlessly or carelessly") marital assets, the other party may be able to
seek compensation for that loss.
If a spouse installs a paramour in a new home, provides the
paramour with a car, pays the paramour's bills, travels with the paramour on
vacations, etc., then the injured spouse can file an action against the other
for dissipating the parties' marital assets.
If a spouse gambles or drinks away such assets or if a spouse
spends marital assets in the pursuit of a drug addiction, the injured spouse can
also seek remedies through the Court for dissipation.
Giving away, discarding or destroying marital assets can also be
considered dissipation.
See
Glidewell v. Glidewell, 859 S.W.2d 675 (Ky.App. 1993), for an important
discussion by the Kentucky Court of Appeals on this subject.
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