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Divorce and financial infidelity

On Behalf of | Apr 30, 2019 | Divorce, Firm News |

Money stress in marriage is nothing new. Most couples in Massachusetts will end up fighting over money at least once or will see it pop back up as a recurring point of stress throughout the relationship. However, in some cases it is much more than being a little stressed about money. When one partner has a money disorder it can make dealing with things like marriage and divorce incredibly difficult.

Money disorders are perhaps more common than some people realize. Those who suffer from this disorder have chronic patterns of financial behaviors that are self-destructive or self-defeating. Symptoms of money disorders can manifest in several different ways and at first may look like simply over or underspending. In reality, things like compulsive spending, hoarding or pathological gambling can cause real and serious consequences on a person’s health and personal relationships.

Aside from creating additional financial issues to stress about in a marriage, money disorders can also lead to financial infidelity. If a husband or wife is providing his or her spouse with false financial information or withholding information altogether, that constitutes financial infidelity. A recent survey conducted by CreditCards discovered that the problem is relatively widespread, with at least 19% of adults in a relationship admitting to hiding some type of financial account.

Divorcing a spouse with a money disorder can be both emotionally and financially stressful. Many people do not realize the extent of their partner’s disordered financial behavior until they file for divorce and it comes time to deal with property division. While this can be extremely upsetting, seeking guidance from an attorney who is experienced in Massachusetts family law can be helpful.