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3 ways your ex could try to unfairly influence property division

On Behalf of | Mar 28, 2022 | Divorce

When couples share a lot of property, there is more opportunity to have conflict in a divorce. There are many rules and laws in place to prevent one person from abusing divorce for personal financial gain.

Unfortunately, some people will still try to manipulate the process as a way to receive more than their fair share from the marital estate or to punish their ex. If you think that such petty behavior could be a possibility in your upcoming divorce, then it is important to watch out for signs of possible financial misconduct.

They give away marital property

Someone making lavish gifts to friends and family members right before or after a divorce filing is potentially engaged in financial misconduct. Trying to reduce the value of the marital estate could constitute the dissipation of marital assets.

Giving away marital property without your knowledge and selling assets for less than their fair market value could constitute dissipation for the purposes of property division.

They hide property or undervalue it

Some people will move valuable items out of the marital home to prevent inclusion in the inventory of marital assets. There are those who take a little bit of money from their paychecks for months or years to find a hidden bank account.

Others will be move trackable assets, like income, into harder-to-trace resources, like cryptocurrency.

Although they should report and share those assets with their spouse, they try to hide certain marital assets from their ex and the court.

On the other hand, someone could report what they have while intentionally undervaluing it. Your ex might report that their wardrobe is only worth $3,000 when they have at least that much value represented in designer handbags from the last few years alone. Antiques, vehicles and collectibles are assets that people can potentially undervalue to manipulate the property division proceedings in their favor.

They spend money wastefully on purpose

Dissipation doesn’t just involve someone giving away property. It also involves one spouse using resources wastefully on purpose. Intentionally wasting existing financial resources and accruing debt on purpose could also constitute dissipation.

If you can show that your ex wasted assets or hid them, that can influence how the courts divide the rest of your property. Learning about common complications will make it easier to protect yourself in a high-asset divorce.