Kushman v. Kushman

*334Contrary to the defendant’s contention, the Supreme Court properly concluded that he dissipated marital assets. The defendant liquidated his 40 IK account and another pension account, and the evidence supports the Supreme Court’s conclusion that the money was used for personal and business expenses and not to reduce marital debt (see Isaacs v Isaacs, 246 AD2d 428). However, the Supreme Court erred in valuing those assets, for equitable distribution purposes, as of the date of the defendant’s projected retirement by applying a 10% interest rate to the value of the funds from the time they were…