Greg is talking to experienced divorce lawyer, Jeb, about property distribution in a divorce.

“We have separate bank accounts and that $60,000 is in my name alone,” Greg says.

“Doesn’t matter,” Jeb advised, “it’s still marital property.”

“What if I should spend the $60,000 before the divorce?”

“It depends on how you spend it.  If you buy a car or a Rolex, those items become marital property.  If  you buy consumables, then the money is gone and the court can’t divide it.”

“What if I give it to my brother as a gift?”

“That won’t work,” Jeb told him.  “The court can undo that gift.”

(to be continued)

 

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