By Sara Pitcher
Cordell & Cordell Divorce Lawyer
Dissipation is defined by the Black’s Law Dictionary as: "The use of an asset for an illegal or inequitable purpose, such as a spouse’s use of community property for personal benefit when a divorce is imminent."
Some jurisdictions automatically impose a temporary restraining order on finances, which prohibit dissipating, selling, transferring, encumbering, or wasting of marital assets during the pendency of the divorce.
This restriction allows the parties to spend money or manage their property as necessary. However, it prohibits the wasting, destruction, or getting rid of marital property without the approval of the other party.