Financial Abuse by a Narcissist During DivorceFeb 07, 2023
Financial abuse by a narcissist during divorce is a common tactic used to gain power and control over a spouse. The abuser uses his or her financial resources and savvy to manipulate the husband or wife and keep him or her in a state of dependence. This abuse can be devastating and leave the victim feeling helpless and trapped.
Here are some of the tactics a narcissist may use during a divorce to financially abuse their spouse:
- Withholding financial support: The narcissist may refuse to pay for household expenses, bills, or their spouse’s living expenses, leaving them struggling to make ends meet.
- Hidden assets: The narcissist may hide assets, transfer money into secret accounts, or undervalue their assets to reduce the amount of money they have to pay in a divorce settlement.
- Controlling access to funds: The narcissist may control the access to joint bank accounts, credit cards, or other financial resources, leaving their partner without access to the money they need to live.
- Sabotaging credit: The narcissist may intentionally damage their partner’s credit by running up debt on joint accounts, not paying bills, or engaging in other damaging financial behavior.
- Using the legal system: The narcissist may use the legal system to their advantage by dragging out the divorce proceedings, running up legal fees, and making it difficult for their partner to get a fair settlement.
To protect yourself from financial abuse by a narcissist during a divorce, it is important to take proactive steps to secure your financial future.
- Gather financial records: Gather as much financial information as possible, including bank statements, credit reports, and other important financial documents.
- Get professional help: Consider hiring a financial advisor, forensic accountant, or divorce financial strategist to help you navigate the complex financial landscape of a divorce.
- Open separate accounts: Open separate bank accounts and credit cards to ensure that you have access to your own funds and credit.
- Keep track of expenses: Keep detailed records of all household expenses, bills, and other financial transactions to ensure that you are not being taken advantage of.
- Seek a restraining order: If you believe that you are in immediate danger, consider seeking a restraining order to protect yourself and your assets.
- Be prepared for a fight: Expect that the narcissist will use their financial resources and savvy to manipulate the situation and make it difficult for you to get a fair settlement.
Remember that financial abuse is a form of domestic violence, and you have the right to protect yourself and your assets. You do not have to endure this abuse, and there are resources available to help you. If you are experiencing financial abuse, reach out to a local domestic violence organization for support.
Financial abuse by a narcissist during divorce is a common and devastating form of abuse. The tactics used by a narcissist to manipulate and control their partner can be complex and difficult to navigate. By taking proactive steps to secure your financial future, you can protect yourself from financial abuse and regain control of your life.
To get started on the financial stuff with your divorce, take a look at our resource The Top Ten Money Questions You NEED to Ask Your Attorney.
Join our mailing list to receive the latest news and updates from our team.
We hate SPAM. We will never sell your information, for any reason.