property settlement and money wastage
- Thread starter kennyfan
- Start date
Hi Kenny.
From my experience and from various recent family court decisions you may be successful arguing that as wastage. If you are able to show a paper trail to the court then your argument will be much stronger. I always recommend to my clients that they be prepared if going on a forensic exercise that they too may be examined and sometimes they may have a wastage in the relationship aswell which may offset the other wastage. That being said, generally money spent on drugs, gambling, strippers or any particular addiction that has reduced the final asset pool considerably, will be wastage.
From my experience and from various recent family court decisions you may be successful arguing that as wastage. If you are able to show a paper trail to the court then your argument will be much stronger. I always recommend to my clients that they be prepared if going on a forensic exercise that they too may be examined and sometimes they may have a wastage in the relationship aswell which may offset the other wastage. That being said, generally money spent on drugs, gambling, strippers or any particular addiction that has reduced the final asset pool considerably, will be wastage.
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You should raise this with you lawyer, but waste arguments are difficult to establish.
That said, it will not go in his favour.
If you are in Victoria, feel free to call us 1300 529 275 I can give you a run down free of charge.
That said, it will not go in his favour.
If you are in Victoria, feel free to call us 1300 529 275 I can give you a run down free of charge.
does it make a difference if the wastage has been during the marriage and not after separation/divorce
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