Thank you for this. I am guessing at this point similar rules apply the other way around as well, so that if I take any money or move assets around I do not need to account for it?
1. I’m not a lawyer, so you should ask these questions of a professional.
2. That’s not how it works. Let’s say you take $100k and put it in your own account. And let’s say in six months time one of you files for financial separation. You’ll need to do discovery, which will include declaring all of your assets. You can’t just take money or assets and hide them. The $100k will be part of the asset pool to divide.
3. But let’s say he takes $100k and in six months spends it all on hookers and coke. Then you file for separation, that money is gone and so you’ve just lost it all. Same thing if he goes on a spending spree. Let’s say he spends $100k on a car, and come discovery time that car gets assessed as being worth $40k. The $40k car is part of the asset pool to divide, the 60k he pissed away making a bad decision - gone forever.
4. It’s really important that you talk to your lawyer and take steps to prevent him going on a spending spree or taking and hiding large sums of money.
5. I never saw a cent of the $30k back. Her scumbag lawyer wasted it away to nothing as quickly as he could, essentially taking money out of my children’s future and into his own pocket.
