Tag Archives: financial infidelity

Is Your Spouse Being Financially Unfaithful?

Does your spouse keep a separate safe deposit box? Do the family’s financial statements get mailed to an office address, not the home? Is he or she an ATM junkie? If so, there’s a chance your spouse could be stepping out on you with the family money. And this behavior is far more common with men than women.

It’s one thing to fear that your husband might stray with his heart and/or his body, but what most women don’t realize is that the risk of financial infidelity is far more dangerous and could lead to longer term consequences for women and their children.

“Most divorces are not impulsive decisions. One party or another checks out emotionally three to five years before they file for divorce,” says, Stacey Napp the CEO of Balance Point Funding, an investment firm that invests in women who have become financially disabled during a divorce proceeding. “Long before a man leaves, he begins to squirrel away assets so that he’ll hold the power in divorce court.” The behavior is more common with affluent husbands because, as a family’s net worth rises, couples tend to move into traditional gender roles, with the woman working less and handling more child rearing and household management chores. And if divorce happens these women are left unprotected. Since it is illegal in most states for a family attorney to work on a contingency (taking a percentage of the final settlement) the exit game becomes one where divorcing husbands strive to leave their wives with no assets to hire a good divorce lawyer — who may demand as much as $20,000 on the first visit.

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