< March 2017 Archives | McKinney Texas Family Law Blog

March 2017 Archives

Why A Higher Divorce Rate Can Be Seen As A Good Thing

Talk to any elder and you will hear stories of true love and golden wedding anniversaries, it still happens. Those are the stories we love to hear, books and movies like The Notebook sell millions. We love a tale of true love against all odds that last a lifetime. The truth of the matter, this kind of love can be hard to come by, then and now. We are so used to hearing about high divorce rates these days that we think things were different in the past. And they were. In the old days, people got married for many reasons besides just love. If love was part of the formula that was a bonus. Marriages were often the result of pregnancy. Others reasons were financial, a girl needed someone who could care for her. In many cases their parents simply made them get married. In many societies, girls are betrothed to someone from birth and there is no other choice.

What is Dissipation of Assets?

Understanding Dissipation of Assets and How to Protect Yourself

Dissipation of assets is defined by the Black's Law Dictionary as, "The use of an asset for an illegal or inequitable purpose, such as a spouse's use of community property for personal benefit when a divorce is imminent." For some couples, a divorce is easy and amicable. Both sides agree the marriage is best over and they want to come to a fair resolution for both so they can simply move on. In other cases, it isn't so easy. Greed, anger and sometimes spite are the primary motivators in a divorce and it is a war from start to finish. One weapon in this war is to dissipate the assets. This means to intentionally waste the marital assets so the other person doesn't get them. 

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