Money manipulation in divorce refers to the use of financial tactics or strategies by one spouse to gain an advantage or control over the other spouse during the divorce process. Some common tactics manipulators use include:

1. Hiding or destroying financial records: A person might try to hide or destroy financial records, such as bank statements, credit card statements, and tax returns, to make it harder for their spouse to get a complete picture of their financial situation.
2. Refusing to disclose financial information: A person might refuse to share financial information with their spouse or with their spouse's lawyer or financial advisor. This might include information about assets, debts, income, and expenses.
3. Misrepresenting financial information: A person might intentionally provide incomplete or inaccurate financial information to their spouse or to the court. For example, they might underreport their income, overstate their expenses, or hide assets.
4. Transferring assets to third parties: A person might try to transfer assets, such as money, property, or investments, to a third party, such as a friend or family member, in an effort to hide them from their spouse.

Financial manipulation is emotionally and financially harmful to the victim and can make it difficult for them to negotiate a fair settlement or protect their interests in the divorce. Sadly, victims encounter financial insecurity, loss of assets, and the burden of unknown debts. Importantly, this type of manipulation can be hard to detect. If you suspect that your spouse is manipulating money in your divorce, it is important to seek the guidance of a trained professional, such as a lawyer or a financial advisor, to help you understand your options and protect your rights. It may be helpful to gather financial records and documents to help you get a clear picture of your financial situation.

It is important to note that hiding assets, transferring assets to third parties, running up debts, misrepresenting income or expenses, and withholding financial information is not always illegal, but it may be considered unethical or abusive. If you are a victim of money manipulation in divorce, it is important to take steps to protect yourself and seek the support you need to navigate this difficult time.

Schedule a consultation with Bop Services to learn more about how mediation can reduce the stress and cost of divorce.