Fiscal Infidelity

BY SHARON LEVINSOHN There is a dirty little secret lurking in many marriages today, and it is called fiscal infidelity. While you may have heard of the term sexual infidelity, you may not be as familiar with the financial version. Fiscal infidelity involves deceit, planning and deception. This syndrome necessitates spouses going to great lengths to hide major purchases, lie about personal spending proclivities and/or maintain secret bank accounts. The financially unfaithful plan out elaborate schemes and construct numerous lies in order to carry out this financial form of cheating. The numbers of fiscally unfaithful couples are staggering. According to a joint survey sponsored by Redbook magazine and lawyers.com, almost... [Read more]

Expert Advice on Divorce

The advice you need when divorcing in these troubled financial times BY ODETTE M. BENDECK DEPENDING ON YOUR PERSPECTIVE, now is either the best time to divorce or the absolute worst. In complex cases—it could be both. Understanding your finances and evaluating those options carefully with ounsel can make the difference between a good decision and a devastating one. Understandably, even in good economic times, contemplating divorce is one of life’s biggest decisions fraught with emotional and financial pitfalls. By the time a party seeks legal counsel, the matter tends to fall into one of two categories: when to divorce, or whether to divorce at all. Spouses that fall into the “when to divorce” category... [Read more]