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Can financial infidelity complicate your divorce?

On Behalf of | Mar 18, 2023 | Divorce

If you and your spouse are like many married couples, you might not always agree about financial matters. While some disagreements are normal and even healthy, financial conflict can be disastrous for your marriage. In fact, according to Psych Central, financial problems are to blame for almost 30% of divorces.

Financial infidelity is a special kind of financial problem that pops up when one spouse lies to the other about money. If financial infidelity has been an issue during your marriage, your divorce might not be as simple as you want it to be. Indeed, financial infidelity can creep into and complicate any divorce.

Hiding assets

If your spouse has a history of being untruthful about finances, he or she might be reluctant to be forthcoming during your divorce. Specifically, your soon-to-be ex might hide assets, understate the value of assets or otherwise try to gain an unfair advantage. If so, you might need to work with a forensic accountant to ensure you receive your fair share.

Delaying the process

Your husband or wife might not be proud of his or her financial infidelity. Moreover, he or she might not want the full extent of the lies to come to light. Either way, to save face, your spouse might try to delay your divorce for as long as possible. Luckily, there are many ways to deal with divorce-related stall tactics.

At this point, you probably can do nothing about your soon-to-be ex-spouse’s financial infidelity during your marriage. Ultimately, though, you can take steps to keep the financial infidelity from turning your divorce into a long and unfair nightmare.

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