Concealing Assets

How Can I Prove That My Spouse is Concealing Assets in Our Divorce Proceedings?

One of the most critical aspects of divorce is dividing property fairly, but that can only happen if both spouses provide full financial disclosure. Unfortunately, some people try to hide assets to avoid sharing them in a divorce settlement. If you suspect your spouse is concealing assets, there are legal steps you can take to uncover the truth.

The first step is gathering financial records. Reviewing bank statements, tax returns, investment portfolios, and property records can help identify discrepancies. If something doesn’t add up, it could be a sign that assets are being hidden.

There are several common ways people attempt to conceal assets during divorce, including:

• Transferring money to friends or family and reclaiming it after the divorce.
• Underreporting income on tax returns to make assets appear smaller.
• Buying expensive items like jewelry or artwork and undervaluing them in court.
• Opening secret accounts or investing in cryptocurrency to keep funds hidden.
• Delaying business revenue or overpaying expenses in a family-owned business to manipulate financial records.

So, what can you do if you suspect your spouse is hiding assets? Here are some steps to take:

• Review tax returns carefully – Look for unusual deductions, income discrepancies, or assets that weren’t disclosed elsewhere.
• Check spending habits – If your spouse is suddenly making big purchases, taking expensive trips, or withdrawing large amounts of cash, they may be trying to move money out of reach.
• Investigate new accounts or property acquisitions – Some spouses will open secret bank accounts or purchase property under someone else’s name to hide assets.
• Look into business financials – If your spouse owns a business, there may be attempts to manipulate financial records by delaying payments or exaggerating expenses.
• Check loan applications – Lenders require a full financial disclosure when approving a loan, which can reveal hidden income or assets.
• Search public records – Property ownership records and tax assessor’s reports can uncover real estate holdings your spouse may not have disclosed.

If you suspect hidden assets, an experienced divorce attorney can help by working with forensic accountants and financial investigators to trace missing funds. If necessary, we can file a motion to compel financial disclosures or request a court order for a deeper investigation.

Hidden assets can have a major impact on property division, and if they aren’t uncovered in time, you could receive far less than your fair share. That’s why it’s crucial to act quickly and get the right legal team on your side.

At RCG Law Group, we help clients uncover hidden assets and fight for fair property division in divorce cases.

Call us or click the Book Now button to schedule a consultation today.