Solving for future consumption as a function of current consumption allows us to write the constraint in intercept-slope form as: In the diagrams below, the curves IC o represents levels of satisfaction (or utility) received from combinations of present and future consumption activity.
What Is the Waste or Dissipation of Assets? The wasting or dissipation of assets involves the frivolous and unjustified spending of assets by a spouse. There must be more than just the mismanagement of property or spending in a way that's disapproved of by the other spouse.
Things can turn ugly when a marriage is breaking apart. It's not unusual for a husband or wife to destroy, gamble or give away marital property to keep their spouse from getting it in the divorce. In legal terms, this is known as the dissipation of assets or wasting marital assets. It can be a husband buying lavish gifts for his mistress or a wife maxing out her credit cards on a spending spree. It involves a spouse wasting property that would otherwise be distributed in the couple's divorce.