Illinois divorces are not always amicable and easy to settle. There is often a need for negotiation or even litigation. If you are about to ask for a divorce or in the middle of one, you know how important it is that your assets and property are divided evenly. There are situations where one spouse will hide money so it is not divided in the divorce and they keep it all, and these are the things you should watch for if you suspect this is happening.
In most cases, any debt incurred during your marriage can be split between both partners. If you notice that your spouse seems to be spending excessively or buying things you have not talked about, it may be a sign that there are credit cards or accounts you are unaware of. You may end up with half that credit card bill in your divorce if you are not aware of what is happening.
According to the Huffington Post, 31% of adults believe that financial infidelity is worse than physical cheating. One way to tell if your spouse is cheating on you financially is to notice if they seem to always be defensive about money. If you ask a simple question and get a disproportionate response it could be signs of a deeper problem.
Many bank statements and credit card bills come through the mail, so this is one of the most common places to discover financial infidelity. You should always check your mail for accounts you are unaware of and if your spouse suddenly starts hiding the mail you should consider that a red flag.
Although something may not seem morally right, you may find yourself legally responsible for things you did not buy if it happened while you were married. One way to protect yourself from financial infidelity is to consult an attorney when divorce is first discussed.
This is for educational purposes and should not be interpreted as legal advice.