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Is your spouse hiding assets?

On Behalf of | Jun 15, 2022 | divorce

Divorce can be messy and emotional. It can bring up topics that you don’t want to think or talk about. Because of all the negativity surrounding some divorces, you may want to get it over with as quickly as possible.

However, rather than trying to rush through the process, take your time to examine your life, assets and financial situation to ensure you are getting a fair share of your marital assets. If you find something that seems off or “fishy,” it may require more investigation.

A common move for some people is to try to hide assets during a divorce to keep more of the money and wealth that should go into the marital division to themselves. Knowing the signs that your spouse may be hiding assets can help you know if it is time to act.

Your spouse maintains total control of all your bank accounts and financial information

Does your spouse handle paying all the bills, making investments and managing your financial situation? Do they rarely share information about your financial situation with you? If you answered yes to either of these questions, it might be a sign they are hiding assets from you.

You notice statements and correspondence from banks you have never heard of

Did you notice new bank statements coming in from banks you have never heard of or that are located in another country? If so, it is another sign that your spouse may be trying to stash money to have access to after your divorce.

Protecting your rights in a divorce

Unfortunately, cases of hidden assets are more common than some people realize. Be sure you are aware of your financial situation to ensure you get a fair amount of the marital assets.