News & Politics
One issue that often is raised in a dissolution proceeding is whether one party dissipated, depleted or depreciated marital assets, and, if so, what remedy is available to the court to compensate the other party. Jana Deach and Jim Vedder of Moss & Barnett continue their examination of dividing marital assets, and how and when a court addresses the issues of depreciation, dissipation and depletion under Minnesota law. Specifically, what facts support a finding of dissipation or depletion and in what instances will a court find that someone was accessing those assets for the “necessities of life,” meaning normal and regular living expenses?