Responding to suspected squandering of marital assets
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Responding to suspected squandering of marital assets

On Behalf of | Mar 17, 2017 | High Asset Divorce |

In a divorce, it is important for both parties to stick to fair tactics. Unfortunately, this does not always happen. Sometimes, a party decides to resort to unfair behavior to try to better their position or hurt their spouse. For example, sometimes, a person will purposefully waste marital assets to try to reduce what their spouse will receive in the divorce.

The other spouse is not out of luck if their spouse engages in such dissipation or depletion of assets in connection with a divorce in Florida. There are steps they can take to combat such unfair behavior. Under Florida law, courts can factor in the intentional squandering of an asset by a party when deciding what would be an equitable or fair division of property in a divorce.

Of course, intentional asset squandering isn’t something that only ever comes up after a divorce starts. In some instances, a spouse might start intentionally wasting assets once they suspect a divorce might be in the future. Florida law takes this into account. For, when it comes to property division, it not only allows courts to consider asset squandering that happened after a divorce filing was made, but also intentional depletion that occurred in the two years leading up to the divorce filing.

When a divorcing person suspects that their spouse intentionally depleted assets during the divorce or in the time leading up to the divorce, how they respond to the situation can have lasting implications for them. So, when issues regarding suspected asset squandering arise in a high-asset divorce or other divorce, a person may want to go to an experienced family law attorney for guidance on addressing such issues.