When going through a divorce, financial matters are one of the most challenging things to deal with. In particular, discovering that your spouse may be hiding assets can be a major challenge. Not only does this complicate the divorce process, but it can also leave you feeling betrayed and uncertain about your future. That is why you want to be able to recognize the signs that your spouse may be hiding assets and what steps you can take to protect yourself.
What Are Some Of The Signs Your Spouse May Be Hiding Assets?
Determining whether your spouse is keeping money hidden can be extremely challenging, but there are some financial and behavioral warning signs you can watch out for. One of the most obvious signs is unexplained bank transactions or changes in spending habits. If your spouse suddenly starts making large purchases or withdrawing significant sums of money without a clear explanation, this could be a red flag. Additionally, if your spouse seems to be hiding financial information from you, such as account statements or tax returns, this could cause concern. Another sign to look out for is if your spouse suddenly starts transferring assets to family members or friends. This could be an attempt to hide or protect assets from being divided during the divorce.
What Are The Steps To Take If Your Spouse Is Hiding Assets?
You can take several precautions to safeguard yourself if you have reason to suspect your spouse is planning to hide assets. First, you should gather all your financial documents, including bank statements, tax returns, and investment records. After collecting your financial documents, it is critical to consult with a divorce attorney with experience dealing with hidden assets. Your lawyer can advise you on the best course of action, which might involve hiring a forensic accountant or investigator to locate the hidden assets. Additionally, your attorney can help you file a motion with the court to request additional financial information from your spouse, such as through a deposition or a subpoena.
Are There Legal Remedies For Dealing With A Spouse Who Is Hiding Assets?
Several legal remedies are available to deal with a spouse hiding assets. One of the most common is discovery procedures, which allow you to request documents and information from your spouse that may reveal hidden assets. This can include depositions, interrogatories, and requests to produce documents. Another option is to hire a forensic accountant or investigator. These professionals are skilled at uncovering hidden assets and can help you build a strong case against your spouse.
For more information, contact a divorce lawyer near you.