What is wasteful dissipation of marital property?
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What is wasteful dissipation of marital property?
Wasteful dissipation refers to a situation in which one spouse wastefully spends marital assets or purposefully fails to protect or preserve marital assets in anticipation of a divorce. To make up for the amount wasted, you would be entitled to a greater share of marital assets during the process of property division.
Is it illegal to hide money in a divorce?
Hiding assets during a divorce is sneaky, unethical and illegal – and it happens much more frequently than most women suspect. Many couples have complex financial portfolios. Not only can this be used to help determine alimony and child support, but it also serves as a tool to help detect hidden assets or income.
What happens if my husband stops paying the mortgage?
Not paying your mortgage will affect your ex-partner’s credit file in the same way it’ll affect yours. You’ll both go into arrears which will make it harder for either of you to obtain a mortgage in the future.
What classifies as abandonment in a marriage?
Every state has its own definition of abandonment or desertion, but generally, it means that one spouse leaves the family home and the relationship without communicating and without warning.
