Are you thinking about a divorce? Maybe you are worried that your spouse will hide their assets from you.
Divorce can not only be emotionally draining, it can also be financially draining. Even so, men and women alike will take advantage of their spouses when they are vulnerable.
If your spouse is hiding assets from you, you will not get the proper divorce settlement that you deserve.
When a couple gets divorced, all the assets must be considered.
You may find that your spouse is hiding assets from you. This is very concerning especially if you don’t know much about their assets.
Steps to Take
Here are some steps you can take today to prevent your spouse from hiding assets:
- Make a list of all known assets in the marriage
- Try and get copies of tax returns filed by your spouse in the last 3 years
- Make a list of all income and expenses of your spouse
- Get a copy of your spouse’s previous wills – which will usually contain a list of their assets
- Check if your partner has any debit orders of their bank statement for life insurance or any kind of savings
It is important to be on the lookout for these key signs that your spouse is starting to hide assets from you.
These are:
- Your spouse has become very defensive and secretive.
- Another sneaky trick is if your spouse defers his salary and bonus from work by signing a new work contract. By doing this, his income from work will be shown as reduced until the divorce is finalized. They then claim a small income which will mean less money for child support or maintenance.
- Another way is if your spouse overinflates his expenses by claiming they now owe money to friends and relatives and must pay them back.
It is unfortunate that some spouses attempt to hide assets before or during a divorce to avoid sharing them with to their soon-to-be ex.
Contact our offices today for assistance on your divorce
