King of Prussia, PA–July 24, 2017- Wayne family law attorney Lydia Terrill served as a speaker in a session titled “Baby Boomer Divorce Issues” at the 2017 Pennsylvania Bar Association Family Law Section Summer Meeting. The panel also included PBA President Sara A. Austin, Esquire, Jeremiah W. Doyle, Esquire, and Quintina M. Laudermilch, Esquire.
When a spouse consumes marital property or causes its decrease in value during the marriage or after separation, the other spouse may have a claim for dissipation of the marital estate at equitable distribution. Pursuant to 23 Pa.C.S. § 3502, “the contribution or dissipation of each party in the acquisition, preservation, depreciation or appreciation of the marital property” is one of the factors to be considered at equitable distribution, and should be discussed with your Main Line family lawyer.
If a spouse has consumed or caused the decrease in value of marital property during the marriage, the court may award the other spouse a greater percentage of the marital estate, or a dollar-for-dollar credit against the consumed asset. Examples of behavior that may support a potential dissipation claim include a wife that spends large amounts of marital money on a secret affair during the marriage, or a husband that withdraws all[...]