Opinion ID: 1598067
Heading Depth: 1
Heading Rank: 6

Heading: Improperly refusing to charge the husband with any portion of the funds, admittedly at least $111,000, which the husband had spent following the separation of the parties.

Text: ¶ 9. In Ferguson v. Ferguson, 639 So.2d 921, 928-29 (Miss.1994), this Court determined several factors to be assessed in making an equitable division of marital property. One of these factors is [t]he degree to which each spouse has expended, withdrawn or otherwise disposed of marital assets and any prior distribution of such assets by agreement, decree or otherwise. The Bresnahans had a joint investment account, the balance of which fluctuated according to the stock market. This account contained $ 91,062.07 at the time of the separation and had been emptied and closed as of the date of trial. In less than a year, Bob spent approximately $115,346.66 from this account. It is uncontested that Bob disposed of these funds after the parties separated. Gigi claims that at least some of these funds should have been credited against her husband's share of marital property subject to equitable distribution. The chancellor disagreed because he did not think Bob's expenditures were wasteful. ¶ 10. Bob testified at the temporary hearing that this particular account was created as a place to save money for the payment of income taxes, the children's college costs and sometimes business expenses. Bob also explained the purpose for which each payment out of the account was made. Both the chancellor and Gigi had financial information and bank statements for this account. Gigi's argument on this issue is not supported by authority, either through evidence or case law; and therefore, we do not consider it. Bower v. Bower, 758 So.2d 405, 415 (Miss.2000)(citing Hankins v. Hankins, 729 So.2d 1283, 1286 (Miss.1999)). We, therefore, uphold the finding of the chancellor with regard to the money from this account as it was based on substantial evidence in the record.