Dissipation of assets during divorce is a serious issue that can arise when one spouse uses marital property solely to benefit themselves for a purpose unrelated to the marriage. This may include extravagant spending, gambling, or investing in a new romantic partner. If you suspect your spouse is dissipating assets, taking the necessary steps to protect yourself and ensure a fair settlement is crucial. The first step of which should be hiring an experienced divorce attorney who can help you ensure your rights and best interests are fully protected.
This is What You Should Do if You Think Your Spouse is Dissipating Assets
If you believe your spouse is intentionally squandering marital assets, here is what you should do:
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Gather evidence – The first step in addressing the suspected dissipation of assets is to gather evidence. This may include reviewing bank statements, credit card statements, and other financial documents demonstrating excessive spending or unexplained transactions. It is crucial to make copies of any relevant documents and keep them in a safe place, as you may need to present this evidence in court.
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