Don't take threats about finances during divorce lightly

An impending divorce can bring out the worst in some soon-to-be ex-spouses. Arguments that erupted during a marriage over finances and child-rearing often persist and grow more contentious during the divorce process. In some cases, an angry ex may takes things a step further and make threats related to an ex-spouse becoming impoverished or being entitled to nothing.

While often anger and anxiety producing, these types of threats are typically empty. It's important, however, for an individual to keep track of what's said during these combative exchanges and to take appropriate steps to prevent taking a financial hit.

For example, an angry husband's assertions that his soon-to-be ex-wife won't get a penny of his retirement or investment assets could turn out to be more than just an idle threat. In some cases, these types of threats could mean a husband has or is planning to hide or move assets in an attempt to prevent an ex-wife from receiving her fair share.

Individuals going through a divorce who are dealing with a spouse who makes financial threats would be wise to document all such conversations. In some cases, statements uttered during a heated argument may provide clues related to an ex's attempts to hide assets or cheat a spouse out of his or her fair share.

For New York residents going through a divorce, it's important to seek the advice and counsel of an attorney who has experience handling contentious divorces in which spouses attempt to hide or lie about assets. With the assistance of a legal professional, an individual can help ensure their financial interests are protected.

Source: Forbes, "How To Cope With Your Husband's Financial Threats During Divorce," Jeff Landers, Jan. 8, 2014

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