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Dissipation of assets during a divorce

When a Houston couple decides that they need to divorce it can be a very hard time for both parties involved. The emotional impact alone is incredibly traumatic to a person. Many times, couples can work through a divorce amicably and reach a resolution that benefits both parties. But, occasionally a divorce can get nasty and seriously hurt the two sides forever.

One way a divorce can turn out to be complicated and full of battles is if one of the spouses dissipates assets. This can occur if one spouse intentionally squanders marital property to hurt the other spouse. A person may spend all the money on a boyfriend or girlfriend, gamble it all away or spend it all knowing that after a divorce they will be able to make the money again. This can be a huge devastation to the other spouse who needs that money to survive after a divorce settlement.

An attorney who specializes in family law may recommend their client contact a forensic accountant to determine if a spouse is guilty of dissipation of assets. A person can make a claim of dissipation of assets if the amount of money is substantial and the spending was frivolous and unusual.

When a divorce turns ugly, having an attorney in one's corner is important in making sure assets and a person's future are protected. A spouse who deliberately spends the family's money should be held accountable for their actions. An attorney can help their client make sure this doesn't happen with their family and their family's future.

Source: forbes.com, "What is dissipation of assets in divorce and what, if anything, can you do about it?," Jeff Landers, Nov. 1, 2016

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Attorney Christine K. Lincoln

Christine K. Lincoln offers sound counsel and legal services to protect clients and their families facing divorce and other family disputes.

She will take the time to understand your individual needs and develop a comprehensive solution to protect your rights and interests.

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