Divorce and Financial Infidelity: What You Need To Know
Financial infidelity occurs when one partner intentionally withholds money-related information or makes financial decisions without the other person’s consent. Financial infidelity can disrupt the financial stability of both partners. Here’s how you can address financial infidelity:
- Establish Financial Independence: It’s important that throughout the divorce process you establish financial independence. This means monitoring your credit score, opening a personal bank account, and creating a financial safety net for yourself.
- Open the Lines of Communication: If you’re still in the marriage, you should approach the situation with honesty and the willingness to work towards a solution.
- Gain Clarity on Finances: Take the time to review your bank statements, credit reports, tax returns, and financial accounts to understand the full extent of your finances.
Let me be your financial advocate as you navigate the divorce process. I can help you with your divorce settlement, asset division, and create a financial plan for your future. As a Certified Divorce Financial Analyst, CDFA® and a woman myself, I can help you avoid costly mistakes and educate you on current and future budgets, provide a financial road map, and help you understand what assets you have, what you spend, where you spend it, and more.
You don't have to go through this alone.
Contact me today at 716-800-4290 to schedule your first appointment.