Even when both spouses are fully cooperative, divorce is often one of the most stressful, difficult experiences that people go through in their lives. When one spouse resorts to trickery and dishonesty, however, the divorce process can be harder still.
Unfortunately, perhaps because of the high stakes, the uncertainty of the financial future, and surging emotions that divorce often involves, spouses may not always be completely honest with each other when disclosing assets and sharing financial information.
Warning signs that a spouse may be hiding assets
One of the best ways to protect yourself from asset concealment during divorce is simply to be aware of the risk and pay attention to what your spouse is doing. If you notice that he or she is engaging in any of the following behaviors, it could indicate that something is amiss:
- Taking out unusual amounts of debt.
- Paying off large debts.
- Complaining of sudden financial hardships or business difficulties.
- Being secretive or controlling about financial matters.
- Opening new bank accounts.
- Living a lifestyle that seems mismatched with his or her income level.
Talk to your lawyer about asset protection
If you suspect that your spouse may be trying to hide assets from you during your divorce, a Goranson Bain Ausley family lawyer can help you make informed decisions and figure out the right next steps. Request a consultation today.
Learn more about Thomas A. Greenwald here.
