Whatever the reason, hiding assets, income and debt is not only unethical; it’s also illegal and subject to severe penalties IF discovered. But even so, the burden of proof is often on the spouse with less financial resources (typically the woman) to prove any such unscrupulous behavior.

Is Financial Infidelity grounds for divorce?

Financial infidelity is among the more common causes of modern divorce. If you discover that your spouse has lied to you or hidden financial details, knowing that should absolutely inform how you approach your pending divorce.

Why would a spouse hide money?

You might want to hide money to make the transition easier, especially if you think you could lose access to bank accounts or credit cards. You will be legally obligated to disclose this money during divorce proceedings. If the money you save is income from either spouse, the courts consider it marital property.

Is it easier to hide finances with separate finances?

Obviously, simply having separate finances doesn’t mean either party is being dishonest or untrustworthy. However, it is much easier to hide finances or get into “trouble” with separate finances. Everyone has their own weaknesses and temptation is always present in one form or another. Having struggled with addiction before,…

Why are so many couples married with separate finances?

Our theory is that if we never allow it to be an option, even for a second, than no matter how intense our problems become we will have no choice but to overcome them together. Don’t get me wrong, we’ve had the same struggles in our young marriage that everyone works through.

When does married life become boring and controlling?

Married life becomes boring when your husband is dominating and controlling. Married life cannot be decided by your husband alone. Love, respect and care makes your relationship worthy and happy. Domination has no place in it. It is mutual consent and mutual love that does the trick of bringing you close to each other.

Is there anything wrong with separating your finances?

There’s nothing wrong with having money that each spouse can spend on whatever they fancy, but it seems akward to separate your finances just to accomplish this.   I mean, is budgeting this category really that much harder than working out the details of splitting household bills and percentages of income?