GAMBLING AND DISSIPATION OF MARITAL ASSETS (LIVE FROM LAS VEGAS)

What if you discover that your spouse was gambling extensively during your marriage? Or, more generally, what if they have been using marital funds and assets for illicit and/or improper purposes (i.e., drugs, strip clubs, escorts)? While it is generally understood that typical, routine marital expenses and debts are a part of the marital estate and assumed by both parties (sometimes proportionally based on financial circumstances), arguments can be made for credits or concessions by one party of their spouse is using joint resources for things that not only do not benefit the spouse/couple/family unit, but, are potentially illegal and unacceptable. Should you have any questions on the dissipation of assets in your marriage or divorce, please contact us to discretely discuss in more detail.