During our last post, we began a discussion about the concept of financial cheating and the ways this behavior may influence one’s divorce process. We asked readers to think of financial cheating as “any time you have lied to your spouse about any significant financial matter or any time you have hidden a significant financial matter from your spouse. It goes without saying that if your spouse has hidden or lied about any significant financial matter that this behavior can be considered financial cheating as well,” for the purposes of this discussion.
We also noted that hiding information or providing misleading information about your finances during the divorce process is not just financial cheating, it can be considered a crime. It is therefore important that you “come clean” about any hidden assets, etc. that you may have knowledge of. In addition, it is important to alert your attorney to any suspicions you have that your spouse may be engaging in financial cheating, as constructing a divorce settlement without factoring this information in may leave you with far less than you deserve.