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Financial Betrayal And Divorce: What You Should Know
Henry Jennings
Divorce is a difficult process, though it can be made more complex when there is betrayal between the spouses. Betrayal comes in many forms. Emotional betrayal and physical betrayal are among the most common issues in divorcing couples. What you may not always hear about, however, is financial betrayal. If you think your spouse has been dishonest when it comes to your finances, this is often a reason to end a marriage in the most severe cases. The following are some things you need to know about financial betrayal and divorce:
Why Is Financial Betrayal a Problem in Marriage?
Financial betrayal occurs when one spouse is misrepresentative about your family finances. In many cases, financial betrayal can leave a family bankrupt. When you decide to divorce, you may not have the assets you thought were available. This means you could have a difficult time moving forward financially. Financial betrayal is a form of manipulation and is just as damaging as any other form of betrayal.
What Should You Look Out For?
You may notice some small signs that financial betrayal is occurring in your marriage. One of the most common is when your spouse seems secretive about money issues or will not allow you to see your financial records. Another sign is irritation or aggravation any time money is brought up in conversations. If you notice strange patterns of behavior that involve money or purchases, chances are there is some sort of financial betrayal going on.
How Can You Prove Financial Betrayal?
Once you believe there has been financial betrayal and you are ready to pursue divorce, you and your attorney need to prove financial betrayal was occurring. You can work with experts such as forensic accountants who can trace all types of transactions. They will have the tools necessary to determine exactly how much money your spouse made, how much was deposited into accounts, discover any accounts you were not aware of, whether or not your spouse was paying taxes, or if your spouse owns property you did not know about.
How Does Financial Betrayal Impact a Divorce?
You have to think about dissipation when it comes to financial betrayal and divorce. Dissipation happens when one spouse purposely spends more money than they know you have, which can have a negative impact on the family. For instance, if your spouse develops a gambling addiction and spends all of your assets on that habit, it is considered dissipation.
Because financial betrayal occurred, you also should look into other forms of betrayal that could have happened during your marriage. This can include issues such as insurance fraud, tax fraud, identity theft, and the like. For more information, contact a divorce attorney.
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