Six Financial Clues That Your Spouse Plans to Divorce

 Posted on December 05, 2018 in Division of Assets

Many people who were surprised by their spouse’s divorce request will say that their spouse’s financial behavior should have warned them of the divorce. A spouse will start preparing once he or she has made an independent decision to divorce in order to gain an advantage in the division of property. Some behavior is an unintentional reaction when your spouse is considering divorce. Though not guaranteed signs of divorce, these changes in financial behavior often accompany a divorce:

1. Your Spouse Is Not Depositing into Your Marital Account: Most spouses have a joint bank account that they use to pay for marital expenses. A spouse who is preparing for divorce may secretly open an individual account for use during and after the divorce. If your spouse suddenly stops depositing his or her income into your joint account, the money may be going to the individual account.
2. Your Spouse Has Made Unexplained Withdrawals from Your Account: Sneaking money out of your marital account could mean several things. Your spouse may be putting that money into a private account, paying for a divorce attorney, or spending it on an extramarital affair. Your spouse may face legal consequences for essentially stealing your marital assets for personal gain.
3. Your Spouse Wants to Track Your Spending: A spouse who is considering divorce may ask that you adhere to a tighter budget and give him or her a record of your recent expenditures. Your spouse’s hidden goal may be to gather financial data to prepare for your divorce.
4. Your Spouse Encourages You to Take on Marital Debts: Some divorces occur shortly after a couple has entered a major loan agreement. Your spouse may have taken on the marital debt knowing that you would continue to share liability for it after your divorce.
5. Your Spouse Complains About His or Her Income: Parties in a divorce downplay their individual assets and incomes in order to receive more marital property and avoid higher support payments. Your spouse may be trying to convince you that his or her earning potential has diminished or looks bleak in order to gain this advantage in your divorce. You must investigate whether these claims are true.
6. Your Spouse Suddenly Showers You With Gifts: Giving you expensive gifts or taking you on a luxurious vacation seems to contradict the financial interests of someone who plans to divorce. However, your spouse may be feeling guilty about the pending divorce or trying to figure out whether these gifts can help save your marriage.

Contact a Warrenville Divorce Attorney

Once you know that your spouse wants a divorce, the responsible reaction is to consult your own lawyer. A DuPage County divorce attorney at Calabrese Associates, P.C., can help you financially prepare for a divorce. To schedule a consultation, call 630-393-3111.

Source:

http://time.com/money/3719415/divorce-financial-money-spouse-clues/