Divorce and Taxes: Don’t fall into the Dissipation of Marital Assets Trap!
Posted By:
April Dalbec
Domestic Relations Law § 236 provides courts in New York State with a list of factors to consider when determining equitable distribution of marital assets. One such factor courts consider is whether one of the parties wastefully dissipated marital assets, diminishing marital assets in a way that is excessive, irresponsible, and unjustified. With tax season upon us, if you are in the midst of a divorce, you must consider whether to file a joint return with your soon to be ex-spouse. [...]
