Financial Dishonesty and Virginia Divorce

Posted on Nov 12, 2010 by Hofheimer Family Law

Deception of any kind can seriously damage the trust between partners and lead to a Virginia divorce. Dishonesty about money is a common factor in the breakdown of a marriage.

Financial dishonesty happens when one or both spouses engage in secret behavior that involves the family’s finances.
For example, one spouse might have money hidden in secret accounts in anticipation of leaving the marriage or may have hidden the fact that money was lost in failed investments.

Sometimes, financial dishonesty is linked to an addiction. Large amounts of money can go into feeding dependencies on alcohol, drugs, gambling or compulsive shopping. Many spouses who ultimately choose Virginia divorce do so because they discovered their partner’s addiction only when the financial losses came to light.

Depending on the circumstances and the couple involved, financial dishonesty can be fairly easy to hide. In some cases, financial dishonesty can go on for months or even years.

When the truth comes out, the situation has often spiraled out of control and put the family at risk for losing everything. Even if the family does not end up facing financial hardship, the emotional cost of any type of deception takes its toll.

If financial dishonesty or financial disagreement has had an impact on your family and you feel that the trust in your marriage has been destroyed, it may be time to contact a Newport News divorce attorney to discuss your options. By working with an attorney early in the process, you stand a better chance of protecting your financial future.

Contacting a Newport News Divorce Attorney

Throughout your divorce proceedings, you’ll naturally have a lot of questions specific to your circumstances. Get your questions answered by requesting a complimentary copy of our guide, What Every Virginia Woman Should Know About Divorce, or reserving your seat at our monthly divorce seminar – 757-425-5200.

The Virginia divorce attorneys at Hofheimer Family Law Firm are committed to fighting for your rights, assisting in child custody disputes and advocating that you receive everything you are entitled to and need in order to start your new life.