Law Offices of Randy Wilson and Kristin Postell, PLLC
Call today
325-200-4204 800-763-8120

Don't move assets prior to military divorce

In the months leading up to divorce, many Texas residents have a long list of to-do items. Making a thorough assessment of marital wealth should have a prominent place on that list. That said, it is important to avoid moving assets in advance of a military divorce. Doing so can be misconstrued as an effort to deplete marital wealth.

Spouses should avoid any significant expenditures in the months leading up to a divorce filing. This includes making loans to friends and family, which can be made to appear as an effort to redirect wealth and shield it from the divorce process. When one spouse makes the claim that the other has taken steps to divert wealth outside of the marriage, the courts will address that accusation very seriously.

In some cases, expenditures are unavoidable. This is especially true for couples in which one or both spouses need to secure new housing arrangements. In such cases, spouses should agree on a pre-divorce budget, and have that agreement in writing. That can go along way toward reducing the risk that one party will cry foul during the divorce process.

Texas spouses who suspect that their partner may have acted to deplete marital wealth in advance of a military divorce should discuss the matter with their attorney. In some cases, a forensic accountant can help determine where marital assets were spent and for what purpose. If the matter eventually goes before a judge, having that documentation can be critical to a favorable outcome.

Source: U.S. News & World Report, "10 Ways to Prevent a Divorce From Ruining Your Finances", Maryalene LaPonsie, Sept. 29, 2016

No Comments

Leave a comment
Comment Information

visit us

104 Pine Street
Suite 408
Abilene, Texas 79601-592

Toll Free: 800-763-8120
Phone: 325-200-4204
Fax: 325-677-6129
Map & Directions

Get A Free Initial Consultation Call or email us to schedule a free consultation. You can reach us 24 hours a day.

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.


Privacy Policy

Visa | MasterCard | Discover | American Express
Google Map