In a divorce, worrying about how exactly you will divide your assets can be top of mind. That concern might only escalate if you feel you cannot trust your ex-spouse to keep that division fair.
The risk of a spouse dissipating assets is very real. So, what should you do if you suspect foul play in the division of your marital property?
3 steps to take against dissipation efforts
You can take action to protect your finances. If you worry your ex-spouse could attempt to dissipate assets, or you think they already have, it will help to:
- Keep a close eye on your assets: Throughout the entire process of your divorce, it is critical to monitor your accounts and your property – both separate and marital. This can help you ensure a fair division, but it will also help you catch any signs of dissipation sooner rather than later.
- Compile evidence: Suspicion will only go so far. You must obtain evidence that proves dissipation, as we discussed in a past blog post. This could include bank or credit card statements, or even witness statements.
- File to obtain “injunctive relief”: According to North Carolina law, you can take action to prevent the dissipation of marital assets. Put simply, seeking injunctive relief could lead the court to freeze assets to prevent any further dissipation. In these cases, it may help to seek experienced legal guidance to move forward with efficiency and protect your property.
Your financial wellbeing is always important. It becomes even more so after you finalize your divorce. Watching out for any actions that could dissipate assets and taking prompt action can help secure your wellbeing well into the future.