Call To Schedule A Consultation

Call To Schedule A Consultation

Burbank & Collins P.S.C. | Family And Divorce Lawyers

Sophisticated Family Law Solution

Child Support
With High-End Income

Planning/Marital Assessments


Highly Contested
Custody & Relocation Cases

Divorce & Visitation


Can you celebrate your divorce using the joint credit card?

On Behalf of | Sep 3, 2021 | Divorce Financial Planning |

If your marriage has turned sour, you might think about how to get your own life back in the divorce. Throwing a lavish party and putting it on the joint credit card would be a great way to blow off steam and annoy your spouse in the process. Yet, like any other such activity, it is inadvisable during a divorce.

Marital property is subject to division in a Kentucky divorce. Any attempt to hide or diminish marital assets during a divorce is unlawful. You and your spouse each have to give an honest account of your assets so that a court can decide how to split them.

Judges will not look kindly on one partner spending big on joint credit cards once a divorce is underway. If they consider you are saddling your spouse with debt for the hell of it, they may adjust the divorce settlement in your spouse’s favor. They may do the same if you can show your spouse was dissipating assets. It means they were trying to spend down marital assets so that you get a smaller share.

A spouse may have been concealing assets for years before your divorce

 While you might dream of getting even during your divorce, your spouse may have been acting in an underhanded way ever since you were married. If you are unsure of your financial situation, consider bringing in a financial professional to do some detective work. They may find evidence that your spouse has been moving money in ways you were unaware of. If so, you may be able to fight for a share of it during your divorce.