One crucial task during a dissolution proceeding is to determine the assets and liabilities for the parties to divide and to determine how same will be divided. The general statutory rule is that the Court will presume the parties shall divide all assets and liabilities equally (50/50)1.
The other companion general rule is that a party may not dissipate (hide or spend) assets during the pendency of a dissolution proceeding. If assets are dissipated, this can be used as evidence in Court ... Read More
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Sep2012
22
Jul2011
"What can I do and explain my rights if my spouse has been hiding funds preparing for a divorce or wasting marital assets on gambling, drugs, or illicit relationships?"
Generally, missing or hidden assets, what is referred to as marital waste under formal legal terminology, should be attributed to the spouse who is acting improperly. Under the Indiana Divorce Act, a trial court is to presume an equal division of ... Read More