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Don’t let your spouse waste the marital assets

Posted on in Divorce

You may think you know your spouse pretty well, but all bets go out the window when a divorce is on the horizon. Anger, jealousy, spite or flat-out greed can make people do unexpected things.

Embittered spouses who know a divorce is coming have been known to wipe out the joint savings account or blow up the joint credit cards in any number of ways, including:

  • Luxury purchases, including expensive new cars or boats
  • Lavish gifts or support for a new romantic partner
  • Expensive elective surgery designed to make themselves more attractive
  • Extensive renovations on a home or building that is their personal property
  • Buying an entire household worth of new furniture and other items for use after the divorce is over
  • Buying entire new wardrobes, including expensive jewelry
  • Gambling or high-risk investment schemes

Sometimes, their actions are merely thoughtless or compulsive. Other times, their spending is a deliberate attempt to waste the marital assets. The goal, in other words, may simply be to squander the money willy-nilly and deprive you of as much of your fair share of the joint assets as possible — while also sticking you with as much debt as they can.

The dissipation of marital assets is a serious concern for anyone who believes that their divorce may become contentious. Fortunately, you can prevent this without a little foresight. When there are immediate, pressing concerns about your spouse’s spending or other financial “dirty tricks,” it is often possible to get a temporary order or injunction that will prevent your spouse from wiping out your assets until the court has a chance to make some decisions.

If you’re worried about your spouse’s spending during this troubled time and want to preserve your right to a fair share of the marital assets, talk to one of our attorneys about your case today.

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