If you and your spouse are on the verge of divorce or have already filed for divorce, you may notice that your spouse is engaging in particularly unusual spending patterns. Be it gambling all the time, neglecting to pay certain bills, or spending exorbitant amounts of money on major purchases without your consent, your spouse might be dissipating marital assets. That is the legal term for when your spouse acts irresponsibly with your joint finances leading up to and during a divorce. Evidence of this dissipation of marital assets can be brought before the court to ensure that you are adequately compensated for any frivolous spending, thereby securing fair and equitable division of property and assets during the divorce. Below are some practical steps you can take if you suspect that your spouse is dissipating assets.
Steps to Take If You Suspect Dissipation
All is not lost if you think that your spouse is cheating you out of assets in real time. There are a few things you can do to protect yourself against dissipation of marital assets:
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Compile and analyze all statements from joint accounts. Before you can even move forward with any further action in regards to marital asset dissipation, you need to determine whether your concerns are legitimate enough to spend the time and resources on researching the facts and then arguing your case in court. You need to be particularly perceptive. For example, in reviewing these statements, you should:
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