• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Divorce Magazine

Since 1996 Divorce Magazine has been the Internet's leading website on divorce and separation. We provide advice about divorce law, divorce lawyers, family law, custody, support and other divorce related issues along with a directory of divorce professionals.

  • Home
  • Divorce Professionals
    • Add Your Listing Here
  • Blog
    • Alternative Dispute Resolution (ADR)
    • Children’s and Parenting Issues after Divorce
    • Considering Divorce
    • Co-Parenting after Divorce
    • Coping with Divorce
    • Financial Issues
    • Inspirational Stories and Advice
    • Legal Issues
    • Relationships and Dating
    • Becoming a Blogger for DivorceMag.com
    • Video Blogging
  • Articles
    • Alimony and Spousal Support
    • Child Support
    • Child Custody
    • Children and Divorce
    • Coping with Divorce
    • Divorce and Annulment
    • Divorce News and Statistics
    • Family Lawyers
    • Financial Issues
    • Legal Issues
    • Relationships and Dating
    • Write for Us
    • General
  • FAQs
  • Videos
  • Podcasts
  • eNewsletter
  • Advertise
  • About Us
    • Press Releases
    • Submit an Article
    • Be Our Professional Blogger
    • Become a Blogger
    • Contact Us

How To Spot Hidden Assets And What To Do About Them

Worried your husband or wife might be hiding money before a divorce? Learn how to spot hidden assets and where you might be able to find them.

By Christopher Jarvis Updated: July 26, 2019Categories: Considering Divorce, Financial Issues

How To Spot Hidden Assets And What To Do About Them

Worried your husband or wife might be hiding money before a divorce? Divorces are stressful enough without having to worry about whether your and your spouse’s assets will be divided properly. Unfortunately, plenty of people seek hidden assets before a divorce; in fact, there are even articles about how best to do it. Unfortunately, human nature is human nature, and people often try to take advantage of their spouse in this fragile time.

Protecting assets is best done proactively; if you spot the signs that your spouse is hiding money or assets early, you can protect what’s rightfully owed to you. Let’s run through some common signals that your spouse might be seeking to conceal assets.

How to Spot Hidden Assets

  1. Look out for bank and credit card statements that you might not be familiar with. (Remember, its illegal to open someone else’s mail – just record the bank name).

  2. Keep an eye out for ATM receipts for accounts you’re not familiar with.

  3. Watch out for overpaying of paying credit cards, utility accounts, and other bills. While not as common as it used to be, this is a technique to squirrel away cash.

  4. Be aware of ACH (Automated Clearing House) payments that are being made from your joint account to accounts you’re not familiar with.

  5. This is obvious, but that’s all the more reason to check. Look for large withdrawals that are being made from your joint account without discussion.

  6. Purchasing expensive artwork, antiques, cars, etc. is a way to convert cash into assets with a less tangible, more subjective value. Your spouse may be converting money into physical assets and under-reporting the value.

  7. Look out for income under-reporting. This is less likely for W-2 employees, but if your spouse gets paid in cash or other assets, they can easily under-report what they actually make.

  8. Look for custodial accounts in your children’s names. By opening an account in your child’s name, it’s possible to funnel money away in the guise of something to benefit your child, like a college fund.

  9. Keep an eye out for unusual debt repayments or large gifts. By paying a nonexistent debt to a friend or relative or giving generous gifts, your spouse could be transferring money away with the understanding that it’s to be returned to them at a later date.

  10. Fake payroll payments. If your spouse owns a business, it’s possible they could have fake employees on the books. By paying false employees, money can be transferred away.

  11. Mismatch between salary and payroll deposits. It’s often possible for payroll to deposit salary split over multiple accounts.

  12. Charges from the local post office. Your spouse may have purchased a PO box to receive bank statements, rather than have them sent to your home..

  13. And, of course, your spouse being secretive or defensive about money can be a sign. Being able to have an open conversation with your significant other about money is important – it could help you avoid a divorce in the first place.

If you’re looking to do a bit of your own snooping, you should have a look at this article about doing your own online research and investigation.

What to Do About Them

If you’re about to go through a divorce, or are currently negotiating your way through one, not to worry. If you want to know how to spot hidden assets legally, there’s a way to find any of your spouse’s hidden assets called discovery.

Discovery, in simple terms, is the lawful procedure of obtaining evidence from the other party or parties (in this case, your spouse). Some tools for the discovery process include:

  • Document demands. You can demand that your spouse produce documentation, including bank statements and tax returns.

  • Interrogatories. You may ask written questions called interrogatories. Your spouse is required to answer these, and in these statements you can have them formally admit to statements and facts you know to be true.

  • Inspection demands. This is great for inspecting property like safety deposit boxes, homes, and those antiques we mentioned earlier.

  • Testimony. When under oath, your spouse has to tell the truth or risk committing perjury. This is called an oral deposition, and it’s an opportunity to ask your spouse questions they must answer truthfully by law.

We do suggest that you seek professional help for this process. Divorce attorneys that have experience in investigations know the best ways to get the information you’re looking for. We would also suggest that you talk to your attorney about whether or not it makes sense to hire a private investigator to help find your spouse’s hidden assets.

Related Content

  1. 6 Ways to Uncover Hidden Assets When Divorcing
  2. Buried Treasure: Looking for Hidden Assets in a Divorce
  3. I’m worried that my spouse will try to hide assets from me. How can I be …

February 22, 2017 (0) Comments Categories: Considering Divorce, Financial IssuesTags: Debt and Divorce, Divorce Advice, Divorce Financial, Property Division

About Christopher Jarvis

Reader Interactions

Add A Comment Cancel reply

sidebar

 

Divorce Professionals

Divorce Lawyers

Divorce Mediators

Business Valuators / CPAs

Collaborative Practice






Divorce Magazine
2019 Spring Issue

Download Now

top divorce blog
Ranked as the #1 Divorce Blog on the Internet since 2016!

Recent Articles

  • How to Use Finances to Rebuild the New You

  • How an Injunction During Divorce Can Keep You Safe

  • How to Remain Optimistic During Christmas

  • Protect Yourself from Burnout: Find Harmony in Everyday Life after Divorce

  • Divorce Support Groups: How to Find the Right One for You

Recent Posts

  • How to Use Finances to Rebuild the New You
  • How an Injunction During Divorce Can Keep You Safe
  • Divorce Support Groups: How to Find the Right One for You
  • How Financial Mismanagement Impacts a Marriage
  • The New Decade: Will You Choose Freedom or Fear?

Footer

Helpful Divorce Article Categories:

  • Alimony and Spousal Support
  • Child Custody
  • Child Support
  • Children and Divorce
  • Divorce and Annulment
  • Divorce News and Statistics
  • Financial Issues
  • Legal Issues
  • Relationships and Dating
  • DivorceFAQs
  • Divorce Podcasts
  • Divorce Blogs


Visit Our Websites:

  • Divorce Marketing Group
  • Divorced Moms
  • The Divorce School

Follow Us on Social Media

Follow Us on FacebookFollow Us on TwitterFollow Us on PinterestFollow Us on LinkedInFollow Us on Instagram
  • Contact Us
  • Writer's Guidelines
  • Terms & Conditions
  • Privacy Policy

Copyright © 2019 Divorce Marketing Group & Segue Esprit Inc.
All rights reserved. Reproduction in whole or in part without prior written permission is prohibited.