The Connection Between Managing Household Money and Hiding Assets

During a Virginia divorce, you may run into some financial complications that can be traced to certain conditions in your marriage.

In most marriages, there is one spouse who takes the lead in managing the household money.
Which spouse ends up in this role usually depends on who has a talent for and interest in financial matters.

While this might sound like a logical arrangement, it can end up causing trouble down the line. Sometimes, the non-managing spouse may pay so little attention to the financial workings of the family that they are kept in the dark.

The spouse who manages the household money ends up having all the financial power and responsibility in the relationship, which isn’t fair to either spouse. If the marriage begins to erode, the non-managing spouse will find it much more difficult to spot possible trouble, such as missing money.

In the event of a Virginia divorce, the managing spouse can, if he or she is so inclined, start hiding assets and building a divorce “war chest” without any suspicion from the other spouse.

It’s not only Virginia divorce that can cause complications in this situation. If the money-savvy spouse suddenly passes away or becomes incapacitated, the other partner will be left to manage the household money on his or her own with no prior experience.

If you’re going through a Virginia divorce and suspect your spouse is hiding assets, a Virginia divorce attorney can help you investigate the situation by assessing financial documents, past salary and bonus information and investment income.

Contacting a Virginia Divorce Attorney

At this vulnerable time, it’s critical that you have exceptional legal representation that not only understands the specifics of your case, but is dedicated to your best interests and that of your family.

The Virginia divorce attorneys at Hofheimer Family Law Firm represent Virginia women who wish to file for divorce. We 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. You can learn more by requesting one of our FREE divorce guides for women, or reserving your seat at our monthly divorce seminar – 757-425-5200.

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