Charlottesville Divorce Lawyer Rob Hagy: Husband Improperly Converts HELOC and Joint Savings Account.

In the case of Pliuskaitis v. Pliuskaitis, the Virginia Court of Appeals, in an unpublished opinion, ruled that the trial court properly determined that husband converted joint funds totaling $48,149.29 from a home equity line of credit and $3,000.00 from a joint savings account to personal use and not for a proper purpose.  While husband testified about how the funds were used and testified the funds were used for a proper purpose, he presented no documentation for these expenditures.  In addition, the husband’s unauthorized investment of marital funds in a business venture did not constitute a proper purpose any more than his unauthorized use of such marital funds to gamble at a casino to increase the family bank account would constitute a proper purpose.

-Rob Hagy, Charlottesville Divorce Lawyer.  For help with your property distribution questions, please email me at rob@robhagylaw.com or call me at (434)293-4562.