What Is Marital Waste?
Today we will be discussing marital waste.
When couples are going through a divorce, it is not uncommon for there to be resentment and anger present between the couples. Many times this resentment and anger can manifest itself in one spouse financially becoming irresponsible and spending money as a form of punishing the other spouse.
MARITAL WASTE is commented when one spouse spends community assets either irresponsibly or for their sole benefit.
Examples of marital waste can be unreasonable spending such as extravagant shopping sprees or vacations in order to benefit only one spouse, spending money on drugs, prostitution, gambling, supporting an extramarital affair, and selling off a community-property asset without either approval from your spouse or for less than the fair market value. It can also mean gifting large sums of money to either friends or family members and also excessive use of credit cards for non-essential items.
Because Nevada is a community property state, everything that is earned during the marriage is considered to be equally owned by both parties, so at the time of a divorce, the courts look to divide the assets between the parties equally. When there is marital waste, this division of equally dividing property can be altered.
One thing I want you to consider, if you are suspecting that your spouse is committing marital waste, is that it is a very difficult claim to prove. It’s not enough for you just to simply disagree with your spouse’s spending habits, the alleged spending must be of greater significance. Look at whether the spouse who is accused of committing marital waste has done so with a deliberate intent to deprive the other spouse of their fair share of those assets.
If you are suspecting that your spouse is committing marital waste, give me a call here at the office or go to VegasDivorceMeeting.com and I will be more than happy to discuss your particular situation with you in the hopes of helping you out during your divorce.
Nothing is more important than your family. LJ Law is a Family Law Firm in Las Vegas, Nevada. We offer help in cases such as Divorce, Child Custody and Visitation, Child Support, Pre and Post-Nuptial Agreements, Annulments, Alimony, Adoption, Guardianship, Paternity and much more.
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