Economic Fault and Dissipation of Assets | Episode 84

What happens if someone withdraws $100,000 from a joint bank account right before a divorce? Timing matters Not dissipationPersonal injury proceeds in an irrevocable trust Giving a tractor to a family member years beforehand Not supporting someone's military career Hail damage to a car Liquidating assets to pay for legitimate marital purposes Merely suffering stock or business lossesDissipation Gambling lossesIntentionally damaging personal propertyWithdrawal of investment funds Sale of personal propertyFailure to pay lease payments on a vehicle and acceleration of entire debt for the defaultGifts to children - recent ones were dissipationUse of marital property to pay separate debtTransfer of property to a party's brotherHusband transferred $217k - treated the funds as if they were still in existenceVoluntary underemploymentMoney spent on another relationship Excessive vacationsAutomatic Temporary Injunction -  • Intent matters  ○ Episode 74 with Joe Maher  ○ Episode 9 - Auto InjunctionWhat is Divorce at Altitude? Ryan Kalamaya and Amy Goscha provide tips and recommendations on issues related to divorce, separation, and co-parenting in Colorado. Ryan and Amy are the founding partners of an innovative and ambitious law firm, Kalamaya | Goscha, that pushes the boundaries to discover new frontiers in family law, personal injuries, and criminal defense in Colorado. To subscribe to Divorce at Altitude, click here and select your favorite podcast player. To subscribe to Kalamaya | Goscha's YouTube channel where many of the episodes will be posted as videos, click here. If you have additional questions or would like to speak to one of our attorneys, give us a call at 970-429-5784 or email us at [email protected]. ************************************************************************ DISCLAIMER: THE COMMENTARY AND OPINIONS ON THIS PODCAST IS FOR ENTERTAINMENT AND INFORMATIONAL PURPOSES AND NOT FOR THE PURPOSE OF PROVIDING LEGAL ADVICE. CONTACT AN ATTORNEY IN YOUR STATE OR AREA TO OBTAIN LEGAL ADVICE ON ANY OF THESE ISSUES.

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