Call To Begin A Consultation
Prior Lake952-226-2015
View Our Practice Areas

Identifying, taking action to stop dissipation of marital assets

Experienced Minnesota family law attorneys who have spent years working closely with diverse clients in divorce matters know intimately well from their long-tenured work that divorcing couples don't routinely act in a dispassionate and rational manner.

Put another way: Although many individuals do follow the guideposts of logic and basic civility as they go through the divorce process, feelings of persistent anger, greed and a desire to punish predominate for some others.

What might a divorcing wife or husband reasonably think when viewing recent joint credit card statements that show a dramatic and sudden shift in a spouse's spending behavior? Is there cause for concern upon spotting major expenditures that were unilaterally engaged in by a partner without discussion? What if savings accounts are rapidly dwindling, with scant or no evidence regarding what spending was earmarked for?

Obviously, those should sound alarm bells for any divorcing spouse, as noted in one national divorce-related forum spotlighting so-called dissolution of assets by a spiteful soon-to-be ex.

In some divorces, one partner's vindictive impulses are clearly -- or, sometimes, a bit more subtly -- on display, evidencing a willingness to quickly and materially waste marital assets for the sole purpose of hurting a spouse.

As noted in the above-cited Forbes article, that is clearly "no laughing matter" if the party who is being victimized by such behavior -- in effect, being denied an equitable distribution of marital wealth -- has less earning power than the bad-faith partner post-divorce.

For obvious reasons, it is important for any party suspecting that a spouse is purposefully wasting wealth to promptly communicate that concern with a divorce attorney, especially one who routinely works with clients in high-asset divorces featuring complex assets and property-distribution concerns.

There are strategies and related steps to take to combat asset dissipation. Forbes stresses that proven legal counsel "can help with the analysis."

No Comments

Leave a comment
Comment Information
Email Us For A Response

We Can Help Ask us how - please call our family law offices at 612-200-2822 or fill out the form below to arrange a consultation.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

Offices Conveniently located in Minneapolis and Prior Lake
  • Minneapolis Office
    2100 Fifth Street Towers
    100 South Fifth Street
    Minneapolis, MN 55402

    Toll Free: 800-219-0858
    Phone: 612-200-2822
    Fax: 612-605-0968
    Minneapolis Law Office Map

    Prior Lake Office
    14093 Commerce Avenue
    Prior Lake, MN 55372

    Toll Free: 800-219-0858
    Phone: 952-314-2617
    Phone: 952-226-2015
    Fax: 612-605-0968
    Map & Directions

  • Minneapolis Office Map
    • VISA
  • Prior Office Map