When a couple decides to go through a divorce, various legal processes come into play to ensure fairness. One document that may come into effect during this time is the Standard Mutual Temporary Restraining Order (MTO).
This order serves as a safeguard to maintain the status quo and protect the rights and assets of both spouses while the divorce proceedings are ongoing.
Protection of assets
The MTO prevents either spouse from making significant changes to their financial situation during the divorce process. This includes actions such as selling assets, taking out loans or making large purchases without the consent of the other party. By restricting these actions, the MTO aims to ensure that neither spouse can unfairly deplete or hide assets that may be subject to division during the divorce settlement.
Preservation of property
The MTO often includes provisions to preserve property and assets that are jointly owned by the couple. This means that neither spouse can damage or dispose of shared property without the other’s permission. By maintaining the integrity of jointly owned assets, the MTO helps to prevent disputes and ensures that both parties have access to their fair share of marital property.
Protection of minor children
An MTO plays an additional role in cases where there are minor children to consider. The MTO may include provisions related to child custody, visitation and support. These provisions protect the best interests of the children and ensure that both parents continue to fulfill their parental responsibilities.
The Standard Mutual Temporary Restraining Order plays a dynamic role in protecting the rights and assets of both spouses during a divorce. With clear guidelines and restrictions in place, divorcing couples can proceed with a more amicable and equitable resolution of the divorce process.