In a divorce, property and assets are some of the most heavily contested issues. Whether financial difficulties led to your divorce or your spouse is now hiding or wasting assets in anticipation of a divorce, this can have a profound impact on your settlement. However, you will need the assistance of an experienced divorce attorney to prove that your spouse wastefully dissipated marital assets. Continue reading to learn more.
The Impact of Wasteful Dissipation
During a marriage, it is easy for spouses to wield substantial control over marital funds and, unfortunately, this means that purchases can be made that create an unfair situation for the other spouse.
Below is a list of some examples of wasteful dissipation:
- Extreme gambling
- Spending marital assets on an extramarital affair
- Purposefully neglecting to preserve assets, such as allowing a home to go into foreclosure
- Wasting money on alcohol, drugs, and partying
The court will only consider your spouse’s actions wasteful dissipation if the amount involved was significant. For example, if your spouse engaged in an extramarital affair and wasted a substantial amount of marital funds on hotel rooms and expensive gifts, this may be considered wasteful dissipation. Additionally, if your spouse was always reckless with the household’s finances and the behavior is not out of the ordinary, you may not have a viable case.
If your spouse wastefully dissipated marital assets and you can prove it, this can have a major impact on the outcome of your divorce settlement. To make up for the wasted marital funds, a judge may award you a larger share of marital property and assets.
Set Up a Consultation with an Experienced Divorce Attorney to Discuss Your Case Today!
If you are in the process of getting a divorce and believe your spouse wasted marital funds, you will need to hire an attorney with extensive experience in handling such complex divorce cases. At Barach Law Group LLC, our family law team is committed to guiding clients through the process of dissolving their marriage and ensuring their interests are protected. You can rely on our attorneys to deliver individualized services and tailored solutions that meet your unique needs, so you can secure the best possible results.
Reach out to our law office today at 617-819-1805 to set up an initial case review with a knowledgeable member of our team to learn more about what we can do for you. We have after-hour and weekend availability for your convenience.