What to Do When My Spouse iS Hiding Money in a Divorce Case?

Financial deception is unfortunately common in divorce cases. When one spouse attempts to hide assets, it can impact settlements, child support, and alimony agreements. Understanding how to identify hidden assets and what legal steps to take can help protect your financial interests.

Identifying Signs of Hidden Assets

• Unusual Financial Behavior
• Sudden large withdrawals or transfers of money
• Unexplained reduction in household income
• Missing financial statements or restricted access to accounts

Business Manipulation

• Underreporting business income or inflating expenses
• Delaying business contracts or bonuses until after divorce proceedings
• Creating fake debts or overpaying creditors with intent to reclaim money later

Secretive Investments

• Undisclosed bank accounts, safety deposit boxes, or cryptocurrency holdings
• Investments in real estate or offshore accounts without transparency
• Purchasing expensive assets (art, jewelry, cars) and undervaluing them

Hidden Debt Transfers

• Transferring money to friends or relatives with the intent to reclaim post-divorce
• Creating fake loans or liabilities to reduce net worth
• Overpaying taxes to receive refunds after the divorce is finalized

Legal Steps to Uncover Hidden Assets

• Work with a Forensic Accountant: 
• A forensic accountant can analyze financial records to trace discrepancies.
• They can help uncover concealed income sources, hidden bank accounts, or fraudulent transfers.
• Subpoena Financial Records:
• Your attorney can request financial documents through court orders.
• This includes tax returns, business records, bank statements, and investment portfolios.
  

Depose Your Spouse and Use Discovery Tools:

• In a legal deposition, your spouse must answer questions under oath about their financial situation. If they provide false information, they may face legal penalties.
• Interrogatories and requests for production of documents can compel your spouse to disclose financial details.

Protecting Your Financial Future

• Monitor Financial Transactions Closely.
• Keep track of any changes in bank statements, credit reports, and tax filings.
• Maintain copies of important financial documents before filing for divorce.
• Hire an Experienced Divorce Attorney.
• Seek Court Intervention. 

Divorce is already stressful without the added challenge of financial dishonesty. If you suspect your spouse is hiding assets, taking legal action early is crucial. By recognizing warning signs, leveraging financial experts, and working with a skilled attorney, you can protect your financial rights and secure a fair divorce settlement

Please contact us today to determine your options legal options. Book your consultation today to start the process by clicking here or give us a call at 832-844-1677.

Attorney, Ashley Nicole Green is a  family, divorce, and child custody attorney who services clients in Houston, Harris, Fort Bend, Brazoria, Galveston, and Matagorda County! Contact the Law Office of A. Green today to schedule consultation!

You can always connect with us via phone 832-844-1677 or via email at agreenteam@lawofficegreen.com