Hi,
Can anyone please tell me their court experiences in relation to family law property settlement cases where the ex spent large amounts of money on holidays, cars, houses, relatives, girlfriends, etc, to deplete the asset pool after separation? Did the court add back the frivolous spending, did they give the other party a larger % of the pool to make up for the depletion or was this type of spending allowed?
This also includes spending money in a company to reduce its value.
Thanks.
Can anyone please tell me their court experiences in relation to family law property settlement cases where the ex spent large amounts of money on holidays, cars, houses, relatives, girlfriends, etc, to deplete the asset pool after separation? Did the court add back the frivolous spending, did they give the other party a larger % of the pool to make up for the depletion or was this type of spending allowed?
This also includes spending money in a company to reduce its value.
Thanks.