What if my spouse spends a lot of money during divorce proceedings?
In a divorce case, a party can start spending recklessly for a number of reasons. Sometimes, they want their money and wealth dissipated into easily movable, hard to find property; on other occasions the profligacy is designed with the goal of securing more maintenance by inflating their “needs case” which the court will look at when dividing the assets. As each of these goes against the intentions of the court, a top divorce lawyer can help you.
Freezing orders in family law ensure a party cannot dissipate their assets in this way. This is a form of injunction which restricts a party from spending above their reasonable needs. If they breach it, they can be fined or jailed. Add back in can be used in family law with the aim of covering other types of reckless spending. Where a party has deliberately engaged in wasteful spending, the court can add that amount back into their side of the balance sheet, effectively meaning it is taken wholly out of their share. We will use court orders to ensure the disclosure of your spouse’s historic financial statements.
Through thorough forensic analysis, we can demonstrate just how their spending has varied, highlighting the discrepancies in spending over time. We will then present this evidence, undermining their case. Justin Law are experienced at obtaining freezing orders as well as successfully running add-back arguments. Through these means, we can protect your case from your partner’s uncontrollable spending.
Whatever your legal requirements, our divorce and family law solicitors are on hand to provide clear, informed and professional advice.
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Why not call us today on 01753 325100 to arrange your no obligation consultation?
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