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The Stogsdill Law Firm, P.C.
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DuPage County divorce mediation lawyerIn previous blogs, we have discussed the many advantages of divorce mediation. Mediation is an alternative dispute resolution method that is much less stressful and expensive than court litigation. When a couple disagrees about child custody, spousal maintenance, or other terms of their divorce, mediation can help them reach an agreement that works for both parties. However, mediation is not right for every divorcing couple. A qualified divorce attorney can help you decide whether or not mediation will be in your best interests while working to protect your rights throughout the divorce process.

Marriages Involving Domestic Violence or Abuse

The main element of any abusive relationship is an imbalance of power. An abusive spouse may use physical violence, threats of harm, intimidation, gaslighting, and other tactics to maintain power and control over his or her victim. It is important to note that domestic violence does not only include physical abuse. It can also involve financial abuse, emotional or verbal abuse, and sexual abuse. If a person is leaving an abusive marriage, divorce mediation is rarely recommended, because the imbalance of power makes a cooperative mediation process virtually impossible.

Divorce Involving Financial Fraud

Many divorce issues discussed during mediation involve finances. In order for spouses to negotiate the terms of their divorce, both spouses must be transparent and honest about the assets they own, the income they earn, and the debts they owe. If a spouse is hiding assets or lying about income, property, or debts, mediation may be a waste of time. Some spouses may even dissipate, or waste, marital assets prior to divorce by spending money on an affair, drug or alcohol addiction, gambling addiction, or for other reasons. If you have reason to believe that your spouse is lying about their finances or has dissipated marital assets, you should contact an attorney right away.

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Wheaton, IL divorce attorney for asset dissipation

Marriage is just as much a financial union as it is a romantic partnership. When a couple marries, their debts and assets become deeply intertwined in a variety of ways. Undoing this financial entanglement during divorce can become quite complicated – especially for couples with complex assets or a high net worth. In some cases, a divorcing spouse may attempt to deceive his or her partner regarding the couple’s assets and income. Financial fraud is a common issue that anyone getting divorced should be aware of.  

Financial Fraud Is Common When One Spouse Has Total Control over Finances

Some married couples share responsibility for financial decision-making and money management. In other cases, one spouse has sole responsibility over the finances, while the other is completely uninvolved in financial decisions. While this division of labor works well for some couples, being in the dark about one’s assets and debts can put a person at a significant disadvantage during divorce. However, spouses who were not involved in household finances are not the only people who can find themselves victims of financial fraud during divorce. Even if you were heavily involved in paying household bills, making purchases, and completing other financial transactions, it is still possible to be deceived by an untruthful spouse.  

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