“I’m going to need to borrow some cash.”
Has your ex asked you for money while you’re going through a divorce? If it’s happened to you, you’re not alone. Many former spouses, often unfamiliar with running a household on a single-income budget, go to each other for money when things get tight. In ourSan Bernardino family law firm, our clients have shared a wide range of requests; we’ve heard everything from needing money for mortgage payments to wanting an all-expenses-paid trip to the Caribbean.
Should You Give Your Ex Money?
Every case is different, but one thing remains the same: if your ex asks you for a substantial amount of money during your divorce, you need to call your lawyer before you write that check. He or she can give you advice based on your individual circumstances.
If giving your ex money won’t negatively affect your case, then the decision is up to you. Make sure you consider what it will be used for and whether you can afford to part with it.
- Will the money go to your children’s needs?
- Will the money support your ex’s lifestyle?
- Will the money help your ex cover real living expenses?
- Will the money go toward a new girlfriend, boyfriend or spouse?
Make sure you let your lawyer know—and that you keep receipts—if you give your ex money. It’s probably a good idea to keep a list of how much you’ve given so that you don’t turn into a bank that’s quickly bleeding cash.
The amount of money you give your ex could even affect the amount of spousal support you give or get, so it’s incredibly important to keep your lawyer informed. Remember that you’re both adults, and if your ex says that he or she will pay you back, be prepared to collect.