Dissipation Of Assets By Spending Money On My Girlfriend

Mon, 01 Apr 2013 00:00:00 +0100

By Sara Pitcher

Cordell & Cordell Divorce Lawyer

Spending on a significant other or third party that was unknown to the spouse is a common example of dissipation of assets.

Dissipation as it relates to spending on alcohol, drugs, gambling, or similar itemRead More...

What Counts As Dissipation Of Assets In A Divorce Case?

Fri, 29 Mar 2013 00:00:00 +0100

By Sara Pitcher

Cordell & Cordell Divorce Lawyer

Dissipation is defined by the Black’s Law Dictionary as: "The use of an asset for an illegal or inequitable purpose, such as a spouse’s use of community property for personal benefit whenRead More...

Is A Professional Degree Earned During Marriage A Marital Asset?

Matt Allen — Sat, 16 Feb 2013 00:00:00 +0100

Question:

I'm a medical student and frequently hear that if you are married during medical school and residency training, then your spouse is entitled to half of your future income even after divorce.

I have even heard that even if you cohabit during medical school and training, then your partner can potentially sue and have the living situatioRead More...

Dissipating Marital Assets Before Divorce

Matt Allen — Mon, 11 Feb 2013 00:00:00 +0100

Question:

My wife has been giving money to her relatives and buying them gifts without my knowledge or consent. She is spending our joint money as she pleases.

Can these costs be included as part of the final settlement? If not, can I give money to my relatives as Read More...

Will Property Bought Before Divorce Be Subject To Division?

Matt Allen — Tue, 22 Jan 2013 00:00:00 +0100

Question:

There is a home I would like to purchase since with our looming divorce it is expected my ex-wife will receive the marital home.

If I buy this home now, will become part of the divorce settlement?

If my wife doesn't know about the purchase, will her divorce attorney be able to uncover my ownership of the property duRead More...

My Ex Lied To The Court About An Asset's Value. What Are My Options?

Matt Allen — Sun, 06 Jan 2013 00:00:00 +0100

Question:

I believe my ex-spouse lied to the court during the divorce proceedings about the value of a family trust.

What are my options to revisit the property division to prove my ex misled the court?

Answer:

I am unable to give you legal advicRead More...

Is Your Wife Hiding Assets? Discover Your Options

Matt Allen — Mon, 03 Dec 2012 00:00:00 +0100

Question:

How can I determine if my wife has hidden assets or has a trust established in her name that I do not know about?

Her family is extremely wealthy, and it is likely she has a trust but she refuses to answer my questions about.

Answer:

Does Having Debt Keep A Judge From Ordering You To Pay Alimony?

Matt Allen — Mon, 17 Sep 2012 00:00:00 +0100

Question:

Is it better to enter a divorce with debt in order to avoid having to pay alimony?

I am the sole income earner in my household, but I am not interested in paying spousal support.

So if I want to avoid paying alimony is it better to have debt showing that I am financially-strapped?

Answer:

I am unable Read More...

Does The Party Awarded The Asset Take The Debt Associated With The Asset?

Matt Allen — Thu, 23 Aug 2012 00:00:00 +0100

Question:

I have a vehicle financed in my name.

During temporary orders, my soon-to-be-ex-wife was awarded possession of the vehicle until the divorce is final at which point we are to switch cars since I am driving the one in her name that is paid off.

She is saying that since I signed an uncontested divorce she gets to keep my car.

What Is An Alimony Buyout And Is It Right For You?

Mon, 20 Aug 2012 00:00:00 +0100

By Cordell & Cordell Divorce Lawyers

An alimony buyout, often referred to as lump sum alimony, is an upfront, one-time payment to the recipient party, which is less than the equivalent of the present day value of the payments over time.

In most cases, the interests of persons asked to pay spousRead More...

Putting A Lien On Property To Pay Attorney Fees

Matt Allen — Thu, 16 Aug 2012 00:00:00 +0100

Question:

My ex-wife's divorce attorney placed a lien on my house for her attorney fees.

I am trying to work with the bank for a loan modification, but her divorce lawyer will not remove the lien.

What can I do?

Answer:

I am unable to give you legal advice on divorce. I can givRead More...

Are Prior Arrests Relevant In Family Court When Enforcing Unpaid Child Support?

Matt Allen — Wed, 15 Aug 2012 00:00:00 +0100

Question:

According to my state's child support laws, I am in danger of paying charged with a felony for nonsupport.

I already have a prior arrest record, though it is unrelated to failure to pay child support.

Will the judge take into consideration my prior arrests when issuing a judgment?

Answer:

I am unable to give youRead More...

Money Made Easy: Asset Protection Strategies

Fri, 13 Jul 2012 10:58:43 +0100

Asset protection is an area of law in which your attorney works with you to ensure that the assets you have worked to accumulate are legally safeguarded from third parties.
In this episode of Money Made Easy, financial adviser Dan Danford, CFP®, CRSP®, MBA, answers a reRead More...

Dividing Retirement Accounts: Will The IRA Custodian Accept Our Division Formula?

Matt Allen — Fri, 13 Jul 2012 00:00:00 +0100

Question:

My ex-wife and I agreed to a certain formula to divide our retirement accounts and the court adopted our asset division formula in the divorce decree.

We are currently dividing the retirement accounts and have agreed to the division amounts based on our understanding of the agreed upon formula.

My question is will my IRA accouRead More...

Is The Engagement Ring Considered Separate Property Or Marital Property?

Matt Allen — Fri, 06 Jul 2012 00:00:00 +0100

Question:

I purchased a diamond engagement ring for my soon-to-be-ex-wife with pre-marital assets.

It was given to her as a gift. However, at separation she gave the ring back to me, and I currently have possession of the ring.

Is the engagement ring treated as separate property or marital property?

Answer:

I am unable to Read More...

Is Transferring Property Into Another Person's Name Considered Hiding Assets?

Thu, 05 Jul 2012 00:00:00 +0100

Question:

I appear headed on the path to divorce, but would like an opinion on legal strategies in divorce when dealing with transferring assets.

I am considering transferring my business and other property to another relative so that it is held in his name to avoid losing these assets if I do get divorced.

Is this a smart leRead More...

Is A Co-Signed Home Subject To Marital Property Division?

Matt Allen — Wed, 27 Jun 2012 00:00:00 +0100

Question:

I want to divorce my wife, but I recently co-signed with my parents to buy a house with my name on the deed.

Would my wife have a claim to this home through a marital property division?

Answer:

I am unable to give you legal advice on divorce. I can give general divorce help for men, though, my knowledge is based on NewRead More...

Is My Separate Savings Account Subject To Property Division In Divorce?

Matt Allen — Wed, 06 Jun 2012 00:00:00 +0100

Question:

My wife and I are going through a divorce, and I would like to know if my separate savings account is subject to property division.

While I was deployed I saved $5,000 in my own savings account. I was planning on using my savings to find an apartment and buy furniture, new clothes, etc., so I could live on my own once I returned.

DadsDivorce Live: Most Common Ways A Spouse Hides Assets

Matt Allen — Fri, 01 Jun 2012 00:00:00 +0100

Financial deceit during divorce proceedings is unfortunately common and occurring more frequently.

The topic discussed in this edition of DadsDivorce Live is the most common ways divorcing couples attempt to hide assets, and how you can tell if your spouse may be hiding something from you.

Joining DadsDivorce.com editor Matt Allen iRead More...

Are Assets Purchased During Separation But Before Divorce Subject To Property Division?

Matt Allen — Sun, 20 May 2012 00:00:00 +0100

Question:

My wife and I are separated, but we have not filed for divorce yet.

I recently purchased a vehicle during our separation period and want to know about property division laws.

Since we are still legally married, does my wife hRead More...

Blog entries tagged assets

Dissipation Of Assets By Spending Money On My Girlfriend

What Counts As Dissipation Of Assets In A Divorce Case?

Is A Professional Degree Earned During Marriage A Marital Asset?

Dissipating Marital Assets Before Divorce

Will Property Bought Before Divorce Be Subject To Division?

My Ex Lied To The Court About An Asset's Value. What Are My Options?

Is Your Wife Hiding Assets? Discover Your Options

Does Having Debt Keep A Judge From Ordering You To Pay Alimony?

Does The Party Awarded The Asset Take The Debt Associated With The Asset?

What Is An Alimony Buyout And Is It Right For You?

Putting A Lien On Property To Pay Attorney Fees

Are Prior Arrests Relevant In Family Court When Enforcing Unpaid Child Support?

Money Made Easy: Asset Protection Strategies

Dividing Retirement Accounts: Will The IRA Custodian Accept Our Division Formula?

Is The Engagement Ring Considered Separate Property Or Marital Property?

Is Transferring Property Into Another Person's Name Considered Hiding Assets?

Is A Co-Signed Home Subject To Marital Property Division?

Is My Separate Savings Account Subject To Property Division In Divorce?

DadsDivorce Live: Most Common Ways A Spouse Hides Assets

Are Assets Purchased During Separation But Before Divorce Subject To Property Division?