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What is financial infidelity?

On Behalf of | Dec 13, 2021 | Divorce

Financial infidelity is a phrase used to describe a situation typified by monetary dishonesty between spouses. This level of mistrust can be challenging to overcome, and it often leads to divorce. When spouses cannot trust each other, negative interactions seem to avalanche. Fortunately, there are numerous signs that could indicate your spouse is attempting to hide assets from you.

While each marriage is unique, there are often common warning signs that spouses could potentially identify, including:

  • Taking control of the family’s finances: While some might make the argument that one person maintaining control makes it an easier task. When there is no good reason for this strategy, though, it could be indicative of something else. An individual with full control of bank accounts, credit cards and utility bills will have a singular insight into the family’s finances and can hide assets and debts at will.
  • Unexpected privacy: Even in a marriage, couples often expect some level of personal privacy. When this is taken to the extreme, however, it can be a red flag. Changing passwords, deleting browser history and rushing to get mail ahead of everyone else could signal that a spouse might have something to hide.
  • Becoming increasingly defensive: Spouses often argue over finances. But when one spouse seems to always become defensive about their decisions or their skill managing money, it could be a sign they are trying to hide something. Generally, debate is a healthy part of any marriage, but if this becomes the norm rather than the exception, it might be a red flag.

From cheating and addiction to criminal activity and financial infidelity, the end of a marriage can take many forms. It is wise to pay careful attention to subtle signs that significant trouble is on the way. When divorce becomes a reality, it is important to protect yourself and your future financial stability.