“ ‘A court need not rely upon a party’s own account of his or her finances, but may impute income based upon the party’s past income or demonstrated future potential earnings’ ” (Haagen-Islami v Islami, 96 AD3d 1004, 1005 [2012], quoting Duffy v Duffy, 84 AD3d 1151, 1151-1152 [2011]; see Cusumano
As the defendant correctly contends, the Supreme Court should have directed that his child support obligation be decreased by the amount of any college room and board expenses he incurs while the parties’ child attends college (see Ayers v Ayers, 92 AD3d 623, 625 [2012]; Matter of Levy v Levy, 52 AD3d 717, 718 [2008]; Reinisch v Reinisch, 226 AD2d 615 [1996]).
The Supreme Court should have allowed the defendant to secure his child support obligations by maintaining a declining term policy of life insurance rather than requiring him to maintain the existing policy coverage of $1,400,000 (see Jayaram v Jayaram, 62 AD3d 951, 954 [2009]; Matter of Moran v Grillo, 44 AD3d 859, 861 [2007]; see also Matter of Anonymous v Anonymous, 31 AD3d 955, 957 [2006]).
In making its equitable distribution award, the Supreme Court credited the plaintiff the sum of $124,876 based on what it termed the defendant’s “wasteful dissipation” of marital property. This included $50,000 that the defendant used to retain an attorney in connection with his medical license, which license constituted separate property since he obtained it prior to the marriage (see Domestic Relations Law § 236 [B] [1] [d] [1]; Dewell v Dewell, 288 AD2d 252 [2001]). However, since the $50,000 was marital property, the plaintiff should have been credited only one half of that sum, or $25,000 (see Khan v Ahmed, 98 AD3d 471, 473 [2012]; Dewell v Dewell, 288 AD2d at 252). The $124,876 credit also included the sum of $11,645 representing the amount the defendant had withdrawn from a joint business account, and the sum of $1,231 representing marital funds used by the defendant to pay for an application for a Florida medical license. Since these were marital funds, the Supreme Court should have credited the plaintiff with only one half of these amounts as well (see Domestic Relations Law § 236 [B] [1] [c]; Marshall v Marshall, 91 AD3d 610, 611 [2012]; cf. Dewell v Dewell, 288 AD2d at 252).
The award of counsel fees to the plaintiff was a provident exercise of discretion (see Domestic Relations Law § 237 [a]; DeCabrera v Cabrera-Rosete, 70 NY2d 879, 881 [1987]; Levy v Levy, 289 AD2d 379, 380 [2001]; Krutyansky v Krutyansky, 289 AD2d 299, 300 [2001]; Ferina v Ferina, 286 AD2d 472, 475 [2001]).
The defendant’s remaining contentions are without merit. Mastro, J.P., Lott, Austin and Cohen, JJ., concur.