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Financial ‘infidelity’ and divorce

On Behalf of | Feb 16, 2023 | High-Asset Divorce |

Infidelity is a major cause of divorce in Houston. Someone who has an affair runs the risk that their spouse will find out and end their marriage over it.

Sexual infidelity may make for better gossip, especially if a celebrity or politician is involved. But there is another form of cheating that also betrays your spouse’s trust and can unravel your relationship: financial infidelity. This can take the form of:

  • Your spouse having a bank account you don’t know about or other hidden assets
  • Keeping the extent of their shopping from you
  • Spending money on an affair partner or other third party without your knowledge or permission

These types of schemes are more common than you might think. A recent survey by a banking website revealed that 40 percent of people who are married or living with a partner admitted to committing financial infidelity. Since the survey is about something negative, the actual number may be higher.

Beyond separate bank accounts

Every married couple handles their finances in their own way. Some share everything from checking and savings accounts to retirement investments. Others prefer to have separate bank accounts for each spouse. But whenever one spouse does something with money behind the other spouse’s back, the trust between them can break. And the relationship might never recover.

When you cannot trust your ex over money

Getting divorced in Texas means splitting up your marital assets equitably. This process can be incredibly complicated if one spouse tries to hide assets from their ex. If you suspect your spouse of doing this, discuss it with your divorce attorney. They will investigate for signs of hidden assets to help ensure you get your fair share of marital property.