Close
Hurst, Robin & Kay, LLC
Talk To Our Attorneys Today 312-782-2400
View Our Practice Areas

Financial conduct that can spell trouble for a marriage

How married couples act when it comes to money can impact many things. It could affect how likely a marriage is to last. Money problems are a common divorce cause.

Certain financial behaviors can greatly increase tension within a marriage. This includes:

  • Overspending or underspending People can come into a marriage with very different spending habits. When spouses don’t discuss these differences and fail to take steps to come up with a budget plan that works for both of them, it could result in the spouses alienating one another through spending too much or being too tight-fisted.
  • Hiding financial matters – A person may be tempted to hide money or debt from a spouse. However, such conduct can destroy trust within a marriage. So, it can be important for spouses to stay open and honest with each other when it comes to money.
  • Turning financial matters into power battles – It can create major problems when one spouse tries to use financial matters to assert power or control in the relationship. There can be increased risk of this when there is a great imbalance between the spouses when it comes to knowledge of the couple’s finances. So, keeping things open and honest regarding financial matters could also help with reducing the chances of this problem arising.

It can be important for married couples to keep a close eye out for these problematic behaviors and to take steps to avoid them.

When financial matters or other factors lead to a couple divorcing, there are certain types of financial conduct that could cause real problems during the divorce. This includes things like asset hiding or asset depletion. Such things can endanger a fair division of property. When entering and going through a divorce, it is very important to avoid such conduct, as it could expose one to serious consequences. If a person going through a divorce suspects that his or her spouse may be engaging in such conduct, it can be important for him or her to get guidance on what can be done in response.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Get started Send Us An Email

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Chicago Office:
30 N. LaSalle Street
Suite 1210
Chicago, IL 60602

Phone: 312-782-2400
Fax: 312-782-4025
Chicago Law Office Map

Lake Forest Office:
222 E. Wisconsin Ave
Suite 4B
Lake Forest, IL 60045

Phone: 312-782-2400
Fax: 312-782-4025
Map & Directions