While you might be familiar with infidelity, you may not be sure what it means to commit financial infidelity. In a marriage, financial infidelity occurs if one spouse misuses financial resources or fails to disclose important information about their finances.
If you've been a victim of financial infidelity, you may wonder if you can use this as grounds for divorce. Here's what you should know before you speak with a divorce lawyer.
Types of Financial Infidelity
There are several types of financial infidelity you should be familiar with before you file for divorce. One common example is hidden debt. This occurs when one spouse takes out loans or incurs debt without the knowledge of their partner.
Another example is if one spouse fails to disclose assets to their partner. This could include bank accounts, stocks, bonds, or other investments that are not disclosed.
Finally, one spouse misusing financial resources is also a form of financial infidelity. This can mean using joint funds for personal expenses without the knowledge of their partner.
Financial Infidelity Impacts Marriage & Family Law
In some states, financial infidelity can be grounds for divorce if you're seeking a fault-based divorce. In others, it may not be considered a legal reason to end your marriage.
Keep in mind that you don't necessarily need to pursue a fault-based divorce. No-fault divorces are becoming increasingly popular because they allow for a more streamlined divorce process.
In most cases, financial infidelity is considered a form of marital misconduct. This can have implications for spousal support and other aspects of family law.
You May Prove Financial Infidelity in Court
If you're considering filing for divorce due to financial infidelity, it's important to keep thorough records. This includes keeping track of bank statements, credit reports, and other documents that could prove financial infidelity.
It's also important to remember that you'll need evidence of financial fraud or misuse of funds. This could include documents that show one spouse is hiding assets or taking out loans without the knowledge of their partner.
Ultimately, this means that you'll need to hire a good lawyer. They can help you navigate the divorce process and make sure that your best interests are represented in court.
Hire a Divorce Lawyer
If you're thinking about filing for divorce due to financial infidelity, you should speak with a divorce lawyer. They can provide guidance on the best course of action for your situation and help you understand your rights.
For more information, contact a local divorce attorney.