How To Protect Yourself & Your Assets During Divorce

If your spouse is particularly angry, greedy or spiteful, you may be the victim of asset dissipation. Unlike hiding assets, a spouse who dissipates intentionally squanders money to keep it from you despite the fact that such behavior means the money is lost to both of you. Dissipating spouses have been known to suddenly make major purchases, take their secret partners on extravagant trips or give lavish gifts.

This is not just a continuation of typical overspending, but wasteful spending that began in the wake of the decision to divorce. Because your spouse has secure employment and an enviable salary, he or she may think nothing of wasting the assets to avoid giving them to you. Some steps you can take to protect yourself from asset dissipation include the following:

• Monitor your joint accounts for unbudgeted spending
• Be aware of charges to unfamiliar businesses
• Look for evidence of secret accounts or lines of credit
• Seek the assistance of a forensic accountant
• Learn how the mutual restraining order can protect you
  
  

An MRO is typically part of any divorce filing in Georgia. It requires both spouses to maintain a normal, pre-divorce status of assets until the divorce proceedings are complete. Your attorney can ensure the court properly attaches this order to the divorce complaint.

Some of the factors that make it easier for a spouse to dissipate assets are having substantial funds to begin with and having complete control of the finances. If you have no involvement in the family finances, your spouse may have been able to dissipate or hide assets without your knowledge. Knowledge is the key, and this is an excellent time to educate yourself on your rights and how to protect them.

Contact the experienced marietta divorce lawyers at The Gentry Law Firm for help with your asset distribution.