Kiplinger: What to Do to Protect Your Finances When Your Spouse Has a Gambling Problem

In Custody

New York divorce attorney and Certified Divorce Financial Analyst Lisa Zeiderman was included in this recent Kiplinger article by Stacy Francis, CFP®, CDFA®, CES™ about protecting your finances when your spouse has a gambling problem. Specifically, Lisa discusses raising the wasteful dissipation argument.

“Your divorce attorney can raise the wasteful dissipation argument and request an unequal division of the marital estate if your partner misused marital funds throughout the marriage. Specifically, Zeiderman advises that conducting discovery and depositions in cases where gambling is an issue will be essential to determine the amount of waste. Zeiderman has gone as far as to issue subpoenas to casinos and other related gambling institutions. Once you have discovered and accounted for the amount of monies lost to gambling, that amount should be added back to the marital pot as if it still existed and then equitably divided. Zeiderman advises that Susie will need to show that she did not condone his gambling and that she was not a participant.”

“If you do not have access to these documents, don’t fret. You can work with your attorney and financial adviser to sew together the quilt of your finances. The most important thing is to protect yourself. How soon you seek professional help can be the deciding factor between ending up with debt or saving yourself and preserving your financial freedom.”

Read the full article here.

Lisa Zeiderman is Managing Partner at Miller, Zeiderman LLP. A New York Divorce Attorney, CFL and Certified Divorce Financial Analyst, she regularly handles complex financial and custody divorce matters for high net worth individuals with a goal of equitable distribution. Named a 2019 10 Best Family Law Attorney for Client Satisfaction by the American Institute of Family Law Attorneys, Ms. Zeiderman is also a founding member of the American Academy of Certified Financial Litigators and a member of the panel for Attorneys for Children.

In addition to authoring a well-read blog on Psychology Today, “Legal Matters: Understanding Mental Health Issues as They Apply to Divorce and Child Custody,” Ms. Zeiderman is regularly published in various legal publications and quoted on issues ranging from financial empowerment to tax issues to child custody.

Ms. Zeiderman, a Fordham University of Law graduate, also serves on two not for profit boards: Savvy Ladies, Inc., and LIFT, Legal Information for Families Today.

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