What to Do When You Think Your Spouse Is Hiding Money
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In many marriages, one spouse typically handles the money and the other is — voluntarily or not — usually unaware of exactly how much money is going into and out of the couple’s bank accounts.
Ideally, both spouses would have a solid handle on their finances, if only because the death or disability of the money-handling spouse can leave the non-money-handling spouse in a bind when it comes time to pay the electric bill. But in the real world, most couples divvy up duties, and when the marriage is happy and healthy, it’s usually not a major problem.
When the relationship isn’t solid, however, not knowing the nuts and bolts of your and your spouse’s economic situation can be devastating to the spouse who has been left in the dark. Legally, married couples have a fiduciary duty to one another (at least until they hire a divorce lawyer), meaning that each spouse has a duty of honesty and fair dealing to their spouse.
Nevertheless, I frequently hear from clients that they suspect their spouse is hiding money, which would, of course, be a violation of that spouse’s fiduciary duty. When that happens, I always have a few questions, starting with...
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Carol Wilson provides expertise, focus and compassion in times of family turmoil, having skillfully litigated and tried complex divorce, property division, and child custody cases for more than 30 years.
She has been Board Certified in Family Law by the Texas Board of Legal Specialization since 1992. Subscribe to the firm's newsletter here.
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Nexus Recovery Center Named ASC 2023 Beneficiary
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Nexus is one of only three women-only drug and alcohol treatment centers in Texas and the only one that allows a mother to bring up to three children with her into the program, allows pregnant women to participate in the program, and has onsite child care, thereby benefiting the whole family during the mother’s recovery.
I was honored to serve as a member of the Charity Selection Committee, which oversaw the rigorous nominations and selection process and narrowed the field of charities down to three finalists. The final selection was determined by a vote of ASC membership.
Watch this space for more events and opportunities to support this worthy organization.
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"Carol and her staff are exceptional to work with — knowledgeable, responsive, and thorough in everything that they do!"
- B.T., former client
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The highest compliment I receive is your referrals. If you know someone in need of assistance in a family law matter, please don't hesitate to share my contact information: carol@cawilsonlaw.com and 214-303-0142. Thank you!
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