Going through a divorce raises a variety of financial challenges. You may have suspicions that your spouse is attempting to hide assets so they do not have to be divided in the settlement.
While this may seem unfair, there are steps you can take to uncover the truth.
1. Do your own research
If you have access to financial documents, review recent bank and credit card statements, tax returns and property records to look for suspicious activity. Also, look for unusual transfers of assets to friends or relatives. Document everything you find that looks questionable. Your own diligence can bring potentially hidden assets to light.
2. Hire a forensic accountant
A forensic accountant can find assets and money trails. They can dig deeper and access records you do not have access to. Hiring one may cost more upfront but allow you to recoup more in the long run.
3. Request sworn financial statements
Many states require full written financial disclosures from both spouses during a divorce. If your spouse initially refuses, you can formally request sworn financial statements that they must legally provide or face contempt charges. False representation on these can also bring perjury charges.
If you believe your soon-to-be ex is concealing money, property or other assets that you should divide in the settlement, take action to investigate and uncover the truth. This can help ensure the divorce settlement is fair and equitable. Look for more than just hidden bank accounts. Cryptocurrency, investments and even tangible high-value assets qualify in these cases.
