In Florida, the courts look unkindly at one party deliberately wasting community assets during a divorce or the downfall of a marriage. As such, if they find that one party has dissipated marital assets, it may negatively impact their property rights in the context of a divorce. In a recent Florida ruling, a court analyzed whether the cost of one party’s lawsuit filed prior to divorce constituted dissipation, ultimately ruling that it did not. If you or your spouse want to end your marriage, it is in your best interest to meet with a skilled Miami divorce attorney.
Background of the Case
It is reported that in 2015, the husband was fired for cause by his employer. After his termination, the employer ordered the husband to repay the bonus he received pursuant to his employment contract. The husband declined and filed a lawsuit against the employer. Ultimately, judgment was entered against the husband. He satisfied the judgment against him using marital assets.
It is alleged that the wife filed for divorce two years later. For purposes of equitable distribution, the court found that the husband engaged in misconduct at work and used marital property to pay the judgment against him without the wife’s consent or knowledge. Thus, it found that it constituted misconduct and assigned it to the husband and reduced the amount of assets he received via equitable distribution. The husband appealed. Continue reading ›