Unfortunately, there’s no way to guarantee that marriages in Nevada will last forever. Recent trends show that divorces involving older couples are becoming more common. While many potential issues can arise during these “gray” divorces, cases involving financial infidelity show no signs of stopping.
Understanding financial infidelity
Financial infidelity involves one or both people in a marriage being untruthful about their finances. This act can involve hiding money from a spouse, lying about spending habits or racking up debt. Financial infidelity can range from one small incident to many large incidents of dishonest spending.
Warning signs of financial infidelity
Any infidelity, financial or otherwise, can wreak havoc on a marriage and lead to divorce. Fortunately, there are recognizable signs people can learn about to stop this type of infidelity before it spirals out of control.
- Discovering hidden receipts and invoices.
- Learning that your spouse suddenly starts moving money into or out of accounts.
- Seeing that your spouse’s regular money-spending habits change wildly.
- Getting locked out of accounts due to password or account-related restrictions.
- Noticing that your spouse’s attitude about saving or spending money transforms.
Spotting financial infidelity
One study found that spouses confess to financial infidelity in only about 8% of all cases, meaning you’re unlikely to learn about this form of infidelity from a confession. Performing due diligence is imperative if you suspect your spouse is financially unfaithful.
Financial experts recommend closely monitoring joint accounts for any transaction or password-related changes. It’s also wise to request a copy of your credit reports for yourself and your spouse. Ensure you document any suspicious findings to minimize damage to your financial accounts.