Knowledgeable Family Law Representation

Signs your spouse may be hiding assets

On Behalf of | May 21, 2024 | Divorce |

If you are filing for divorce, you will likely examine your financial situation closely. This is especially true if your spouse usually handles things. 

Unfortunately, you may find signs your spouse is hiding assets. Knowing the signs is essential to ensure you receive what is fair in your divorce. Some top signs your spouse may be keeping assets secret are found here. 

Unexplained changes in finances

One of the first indicators that your spouse might be hiding assets is unexplained financial changes. This could include sudden withdrawals or transfers from joint accounts, unusual spending patterns or significant cash withdrawals. It could be a red flag if you notice that your spouse frequently makes large purchases without any clear reason.

Secretive behavior about money

If your spouse becomes unusually secretive about financial matters, this could be a sign they are hiding assets. This behavior can manifest as refusing to share passwords for financial accounts, keeping financial documents out of reach or avoiding discussions about money altogether. A spouse who suddenly insists on managing finances alone or becomes defensive when asked about financial details may have something to hide.

Discrepancies in financial documents

Discrepancies in financial documents are another warning sign. Look for inconsistencies between reported income and lifestyle. For example, if your spouse claims a low income but spends extravagantly, there might be unreported assets. Additionally, missing or altered financial records, such as tax returns, bank statements or investment reports, can indicate an attempt to conceal assets.

Knowing what to look for will help you protect yourself financially. It may be smart to work with a financial advisor, who can help you find assets or determine if your spouse is hiding them.