Divorce Fast & Easy In Michigan

S4 Ep30: How to Handle Asset Dissipation During Separation Before Divorce


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During an informal separation, there's a risk of one partner spending shared assets, which can lead to financial issues. Without a legal framework, such as a court order, there's no restriction on this spending. This situation often leads to difficulties in reclaiming the spent funds later.

*Shared assets are at risk of being spent by either partner during an informal separation. *There's no legal restriction on spending these assets without a court order. *Reclaiming spent funds can be challenging and sometimes impossible. *Filing for divorce can freeze assets, but doesn't recover already spent funds. *A legal separation with a 'separate maintenance' complaint can limit spending and protect assets.

To safeguard assets during separation, considering a legal separation is a proactive step. Filing for 'separate maintenance' can provide legal measures to control spending. This approach helps prevent financial complications and ensures fair asset division in the event of a divorce.

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For additional information, watch these videos: How [Do I Prevent My Spouse From Emptying Our Bank Account During Our Divorce] - ChooseGoldmanlaw https://www.youtube.com/watch?v=CW2CxA3dc4U

How To Avoid Losing Your Assets In A Divorce - ChooseGoldmanlaw https://www.youtube.com/watch?v=A_sseJ5WlPE

For more information, read blog below: https://akivagoldman.com/blog/divorce/how-to-handle-asset-dissipation-during-separation-before-divorce

#MichiganDivorce #MaritalAssets  #HandlingAssetDrainingBeforeDivorce #ChooseGoldman  #ChooseGoldmanLaw #Goldmanandassociateslawfirm

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Divorce Fast & Easy In MichiganBy Akiva Goldman


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