Spouse Held Accountable for "Extravagant Spending"
In a divorce trial today, Stephen Vertucci, Partner with The Harris Law Firm, was successful in protecting 100% of client’s assets from the spouse due to the extravagant manner in which the other spouse was spending money during the divorce proceedings. The Court found that the opposing party had spent marital assets during the proceedings that exceeded day to day reasonable needs and as a consequence, the Court awarded client of The Harris Law FIrm 100% of the client's retirement assets, bank accounts, investments and equity in the marital residence.
During a divorce proceeding, parties are permitted to use marital assets for their normal and reasonable day to day needs. However, lavish or extravagant spending can lead to consequences including the opposing party being awarded a greater share of the marital estate. If you believe your spouse is spending lavishly or spending marital assets without a reasonable explanation, contact The Harris Law Firm to see how can help you protect and preserve your assets.
Located in Denver (303) 515-5000 and Fort Collins (970) 472-1838, The Harris Law Firm is Colorado's largest family law firm. Focusing exclusively on Colorado Divorce and Colorado Child Custody and Support, the firm's philosophy is to work with you to resolve your legal matter in the best way possible. When you consult with one of our attorneys, the expert legal advice you receive will help you understand your rights and options according to Colorado law. And when you retain this AV rated firm, the many years of combined experience provided by your legal team will ensure that the resolution of your case is handled in the most organized, timely, cost efficient and effective manner possible. If you want to limit conflict and protect your rights, call us today to schedule a private consultation in our Denver or Fort Collins offices. Call us at 303 515 5000 or send us an email at firstname.lastname@example.org.
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