12/11/2023 0 Comments What does marriage mean gamble![]() ![]() He or she will meticulously sift through financial records of any kind, flagging anything that is unidentified, out of context, seems like too much to have been spent for the alleged purpose, etc. The forensic accountant is a financial detective of sorts. You may need to get a forensic accountant in your corner. ![]() If your husband spent thousands of marital dollars at a strip club with his buddies, for example, the expense might only show up on your bill as “ABC Enterprises” or something equally bland. ![]() Keep in mind that some businesses use an unremarkable parent company name to obscure the nature of the business. Take a close look at your joint credit card statements, and make sure you can precisely identify each expenditure. What can you do to determine if your husband has frivolously spent money to keep it out of your divorce settlement? (Remember to ask about an ATRO as soon as possible.) Your attorney may have to request one, and what’s more, a lot of financial damage can be done before the ATRO kicks in. ATROs are not mandatory in all divorces, though, and many states don’t require them at all. This is a court order preventing either spouse from changing the financial status quo of the marriage once a divorce action begins. Some states provide a degree of protection against dissipation of assets by requiring an Automatic Temporary Restraining Order (ATRO). ![]()
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