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Can you spend money on a vacation during a high-asset divorce?

On Behalf of | Jan 26, 2024 | Divorce |

Divorce proceedings can be intricate, particularly when significant assets are in the picture. As couples navigate high-asset divorce in Massachusetts, questions often arise regarding discretionary spending, such as planning a vacation.

Understanding the implications of going on vacation during this period is necessary.

Temporary orders and restrictions

Either party can request temporary orders to address financial matters until a final resolution. These orders may restrict certain expenditures, including vacations. This helps maintain the status quo and prevents unfair depletion of marital assets.

Of course, it can be tempting to go somewhere and unwind amid the stress of divorce. Boston Logan has more than 50 nonstop international destinations. This offers plenty of opportunities for different types of vacations. However, people thinking about a vacation should be aware of any existing or potential temporary orders that could affect their spending decisions.

Perception of wasteful dissipation

Courts frown upon one party depleting marital assets in a manner that could be wasteful. This is especially true if it occurs to diminish the other party’s rightful share. Planning a vacation amid divorce proceedings could bring the perception of wasteful dissipation, depending on how extravagant the vacation is and whether it is an atypical vacation.

Vacations during divorce can raise concerns about the responsible management of marital resources. The court may study the motives behind such discretionary spending. Spouses should assess their vacation plans to avoid potential accusations of wasteful dissipation.

Financial restraints and legal considerations

Financial decisions can significantly impact the outcome of the divorce settlement. Massachusetts follows an equitable distribution model, meaning the fair but not necessarily equal division of assets. The court assesses various factors to determine what is fair, including each party’s contributions, needs and economic circumstances.

Communication and agreement

While the court may have the authority to impose restrictions, spouses can agree on spending between themselves. If both parties agree to a vacation plan and it aligns with their financial circumstances, it may be reasonable. However, appropriate documentation for such agreements helps avoid misunderstandings or disputes later.

Spending money on a vacation during a high-asset divorce in Massachusetts requires careful consideration. While individuals have the freedom to make certain choices, they must be mindful of the potential impact on the overall divorce proceedings.