Living with a financially irresponsible spouse can be stressful, and it can mess up your own financial goals. If you have children, your spouse’s lack of care could even jeopardize their futures. It is no surprise that many people choose to divorce spouses who cannot commit to managing their money better. If this is the path that you have chosen, our Nassau County divorce lawyers can assist you.
Is Being Financially Irresponsible Grounds for Divorce?
Being financially irresponsible is not necessarily grounds for divorce in New York. In this state, grounds for divorce are more like adultery, cruelty, or abandonment. However, you can file for a no-fault divorce as long as you meet certain requirements, including a residency requirement.
Pursuing a no-fault divorce can be simpler, even if you think that the fault for the dissolution of your marriage lands at one person’s feet. Putting that aside and opting for a no-fault divorce with your financially irresponsible spouse can be the best way to escape your situation.
How Can a Financially Irresponsible Spouse Affect a Marriage?
Having a financially irresponsible spouse can affect your marriage in many different ways. People dealing with this often deal with:
- Excess stress
- Poor sleep
- Mood swings
- Hits to their own credit score
As you deal with the fallout from your spouse’s actions, life just continues to get more stressful. Do you have to get a second job because of their irresponsibility? Are you at risk of losing your home now? Can you afford everything that your children need?
If your spouse does not understand or care what you are going through, it may be time to consider divorce.
Should I Recieve More Marital Property?
When marital property is being split up, we can help you argue for a larger slice of the assets. If your financially irresponsible spouse wasted a significant amount of money, we could say that they squandered your marital assets. The court does not look kindly upon this.
Some people waste marital assets as soon as they know a divorce is coming. Others spend an inordinate amount on an affair partner. Others, like your spouse, might just be unable to handle money. Whatever the case may be, the spouse who did not try to burn marital assets before the divorce proceedings could begin will generally be looked favorably upon.
Should I Hire a Divorce Lawyer?
You are not required to hire a divorce later, but handling all of these negotiations on your own can be difficult. Our attorneys will do their best to help you secure a more favorable arrangement when it comes to property division, child support, and alimony.
Contact Our Law Firm
Whenever you are ready to get this process started, reach out to Peter V. Mandi & Associates, Inc. Our law firm would be happy to schedule a free initial consultation. Contact us today.