Judge sides with wife in property division dispute
Many Utah divorce cases involve the fair distribution of assets between parties. However, there are instances where the property division process can be complicated by issues like inappropriate behavior and/or the squandering of funds. One divorce dispute currently playing out illustrates how complicated and unpleasant proceedings can be when one party is accused of misconduct and misusing marital property.
The property division dispute involves a prominent Cape Cod, Massachusetts, family. It’s reported that the wife of a business owner and politician filed complaints against her husband and 2012, claiming abuse. And while the husband continues to face charges for those alleged offenses, he is also confronted with separate accusations in the divorce case.
Since the husband sold his chain of convenience stores four years ago, he’s accused of spending around $25 million. In addition to spending his family’s money on inappropriate endeavors, the husband allegedly funded two personal campaigns to run for governor. Now, a judge ruled on how to divide the couple’s remaining assets.
The judge presiding over the divorce dispute found that the wife is entitled to the majority of the couple’s property, which includes $4 million, two homes and several vehicles. Because the judge found that the husband acted selfishly and dishonestly, he awarded the wife a little more than 70 percent of the couple’s net assets. The wife had originally hoped to be granted 95 percent, and the husband had suggested he retain more than half.
The man is also facing chapter 7 Bankruptcy for his chain of businesses. He will retain possession of one of the couple’s vehicles and condominium, which must be either sold or refinanced, and the wife will receive a home to sell and four cars. As a result of the judge’s decision, both parties are attempting to have the ruling amended.