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blog home marital financial issues | Pennsylvania Family Law Blog - The Law Offices of Sheryl R. Rentz

marital financial issues | Pennsylvania Family Law Blog - The Law Offices of Sheryl R. Rentz

How Technology Has Made It More Difficult to Hide Money from your Spouse

By Sheryl Rentz on May 11, 2012

An unfortunate part of marriage is the deceit that occurs when a twosome hides money from one another, either to splurge on extramarital mischief or simply to keep from sharing it in the event of a divorce. According to a report in The Wall Street Journal, electronic discovery has made the hiding of monetary assets much harder for a deceiving spouse or partner to do. Financial mischief is a very common problem in relationships, and a survey conducted by the National Endowment for Financial Education shows 31 percent of U.S. adults who combined assets with a partner or spouse say they have been dishonest about money. More than half of the adults surveyed say they hide cash from their significant other.

With financial deceit being such a common part of unions, electronic discovery, or the use of technology to uncover hidden assets, can help a person unearth any wrongdoing. A part of the reason electronic discovery is increasingly popular is because more people are using technology to hide assets to begin with. Spouses or partners who may be suspicious of their loved one’s activities can investigate their social networking accounts or their web viewing history to find signs of a hidden business deal or bank account. In addition, forensic experts and divorce attorneys are now using advanced search tools to swiftly analyze things such as credit card bills or online bank statements. Read the rest »

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