Marriages are partnerships, and like other forms of partnerships, the partners to a marriage often divide between themselves the responsibilities that need to be completed. In some Massachusetts marriages, one of the partners handles household tasks while the other handles financial obligations. While these divisions can provide some balance to the load of work forced upon many couples, they also often leave some spouses in the dark when it comes to the money matters of their marriages.
For example, when one spouse handles all of the bills, budgets and investments for the pair, the other may be unaware of how their money is being spent and where it is being held. If a divorce were to occur, the money-controlling spouse could be at an advantage to better understand the financial picture of the couple’s life. This advantage could unfairly benefit that spouse during the property division process at the end of the couple’s relationship.
While litigated divorces are designed to give individuals opportunities to secure records and information through the discovery process, uncooperative spouses are sometimes motivated to hold back on sharing all of the financial data they have in order to enrich themselves in the divorce process.
A spouse could sometimes find themselves in less than stable financial positions when their partner fails to disclose or under-disclose all of the couple’s assets. When a person is unsure of where marital money is located and how it is controlled, he or she can find himself lost during the couple’s asset division negotiations.
A zealous advocate can be an asset to someone who does not have all of the information that he needs to bring about the end of a marriage. Attorney Kevin Walters of the Walters Law Offices supports his clients through the entirety of their divorces and has worked hard to obtain the financial materials required for past clients to obtain a fair property division determination. To learn more, check out our divorce website. Although no property settlement or resolution can ever be promised, strong advocacy and the careful collection of information can help a person prepare to get a fair financial outcome during dissolution.