Tag Archives: financial abuse

IL divorce lawyerWhen most people hear the word domestic violence, they think of physical and emotional abuse. However, financial abuse does not often come to mind. Financial abuse is a common yet overlooked type of domestic violence, which can make life a real challenge for a victim. Let’s take a closer look at the major warning signs of financial abuse.

1. No Control of Finances

Often, one spouse is better equipped to handle finances than the other and takes care of most of the family’s money management. Although this scenario is perfectly okay, sometimes, it can get out of hand. When one spouse takes complete control of the finances and prevents the other from accessing funds or information, there is an issue. If the spouse who is not involved in the family finances only pays cash for items and/or does not have access to a checkbook or credit card, financial abuse may be taking place.

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