Key Points
To help empower and enable women on this Womens Day (8 March), ET Wealth elaborates on the various ways they can be duped out of their hard-earned money by their spouses, and how they can avoid it so that they are not left in the lurch in case the marriage breaks down..
Its a big red flag if the husband refuses to make any contribution to household expenses or childrens school fees, saying his business is not doing well or that he will take care of the savings and investments instead..
If the property is in the husbands name while you are paying the loan EMIs, understand that the spouse can stake a claim to it unless you can show proof of your contribution to the purchase, says Raj Lakhotia, Founder, Dilsewill..
Even though I had paid half the amount for the purchase of the house, it was only in my husbands name and I didnt have any proof of payments because I assumed it would be our house, she says.. If you are heading towards a separation, the wife continues to have the right to stay in the property till the divorce and property settlement are finalised..
While theoretically it is a good idea to start a joint account after marriage for common household expenses so that both the partners can pool in the money, it may not work to your advantage in case the relationship turns hostile or breaks down..
