Is your Spouse Hiding Assets? Signs Asset Searches could be Needed

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Asset Searches Putting Together The Puzzle of Who Owns What

It’s not uncommon for one spouse to begin hiding assets whenever he or she is contemplating a divorce. Fortunately, there are some telltale signs that will alert you to this possibility. Here are some signs that indicate asset searches might be needed.

Secretive and Controlling

A person who is hiding assets may become secretive and controlling when it comes to financial matters, and may:

  • Insist on having complete control of banking and financial information
  • Have business expenses that he or she claims have not been reimbursed by an employer
  • Claim that a hard drive containing financial information has suddenly crashed
  • Have a cell phone or post office box that you are unaware of

A partner who is being controlling or secretive may react angrily when questioned about financial affairs. He or she may also try to put pressure on you to sign paperwork or complete certain deals.

Decrease in Income

Spouses who are hiding assets may suddenly claim to have a decrease in income, even though his or her spending habits do not reflect this. There may also be claims that a business is failing or that certain assets are depreciating in value.

Loaned Money

A common tactic used to hide assets is to “loan” money to a friend or family member. Your spouse may claim that person failed to pay the money back, when it is actually being held until after the divorce is final.

If your spouse is exhibiting one or more of these behaviors, the reason could be because he or she is hiding assets. Should a divorce ensue, this could greatly affect your settlement, which is why you should contact us for help in getting the settlement you deserve.