By: Francis Financial

March 23, 2021

Stacy Francis, President and CEO of Francis Financial and Avani Ramnani, Certified Divorce Financial Analyst with Francis Financial were recently featured by Kiplinger on what to do to protect your finances when your spouse has a gambling problem.

Francis begins by listing signs that a spouse may have a gambling problem and shares the story of a Francis Financial client, “Susie”, whose husband refused to quit gambling and whose marriage ultimately ended in divorce because of it.

“The debt that her husband amassed from his gambling was debilitating and put Susie in a precarious financial situation. However, the law can help protect spouses from their partner’s bad financial behavior. Gambling can be considered wasteful spending and dissipation of assets,” Francis explains.

Francis, Ramnani, and several matrimonial divorce experts then detail what actions you can take to protect your financial future. “The best thing to do if you suspect your spouse has a gambling addiction is to get your finances in order, become financially empowered, and seek advice from a professional sooner rather than later. The more documents that you can collect, the easier it will be to prove your spouse’s wasteful use of marital money,” Ramnini summarizes.

Read the full article here

Learn more about the divorce financial planning process and how Francis Financial can help you or contact a Certified Divorce Financial Analyst.