One of the most complicated aspects of marriage and divorce is money. Once married, most couples agree to share finances and completely trust their partner with all of their private information. Unfortunately, not every situation pans out, leaving people in difficult situations regarding their money and assets. Many couples find themselves in the middle of a divorce for various financial matters, such as hiding and concealing assets, wasteful spending, or other various financial problems.
Wasteful dissipation of marital assets refers to when a spouse is proven to be wasting marital funds. If you have evidence that your spouse has been doing so, you may have a chance to claim wasteful dissipation of marital assets. Many courts consider this a viable issue of conduct, and it has been proven to hold significance when dividing marital property.
Some examples of wasteful dissipation of marital assets include, but are not limited to:
- Intentionally failing to preserve assets
- Excessive and frivolous spending for the sole benefit of one spouse
- Spending excessive money on drugs, alcohol, or partying
- Spending money on an extramarital affair
Since dividing marital property gets even more complex when one spouse dissipates marital assets, thus creating an unfair situation for everyone involved, courts are quite likely to consider this during a divorce—which is even more reason that hiring the right Clarksville family law attorney can save you from losing your financial assets. Don’t let your hard-earned money go to waste because of a divorce—get the protection you deserve.
If you suspect that your spouse is guilty of wasteful dissipation or marital assets and want to fight for what is rightfully yours, there is no better time to contact us at Patton & Pittman today by calling (931) 361-4477.