Family-Focused Advocacy & Counsel Responsive & Accessible Representation

Finances can contribute to divorce

On Behalf of | Jun 20, 2023 | Divorce & High Asset Divorce |

Divorce cases are unique from the root. Different factors can contribute to it, and money is among them. However, in most cases, financial struggle can be the first guess when a couple divorces because of money. But the opposite can also be true. A couple can dissolve their marriage due to wealth.

Here is how this can happen. 

Financial infidelity 

Intentionally lying about money can lead to the loss of trust in a marriage and, in turn, a divorce. Examples include having secret bank accounts, secretly paying bills outside the family home, having a gambling problem and withdrawing large amounts without explanation. 

Financial disagreements

Spouses can have major disagreements about money. For instance, they may disagree on what to invest in. Further, it may be an issue if one spouse is a saver and another is a spender or an investor. Since they have different beliefs toward money, it may be a matter of time before their fights become significant, potentially leading to a divorce.

Business partner mentality 

When a couple has wealth, they may find themselves making crucial decisions daily regarding their assets, businesses and so on. If they lack a balance between handling these matters and their marriage, they may start to see each other as business partners. And this can affect their romantic relationship. All conversations can surround money – they may not even know what’s happening in each other’s lives. With time, they may feel distant from each other and can file for a divorce. 

Wealth is believed to reduce the chances of a divorce because spouses have the resources to handle other problems. However, a couple can divorce despite having money. If this is your case, you should get legal guidance to protect your interests.   

FindLaw Network