4 Signs Your Spouse may be Hiding Assets
On behalf of Gregory W. Stevens, Attorney at Law on Friday, December 6, 2019.
Given the uncertainty divorce often causes, leaving a spouse can be stressful. If you are thinking about ending your marriage, you may also worry about your financial future. Fortunately, Utah law allows you to receive an equitable share of marital wealth.
If you and your partner are on good terms, reaching a settlement through divorce mediation may be simple. Nevertheless, if your spouse hides assets from you, you may not receive what is rightfully yours. Here are four signs that your spouse may be concealing assets in the leadup to your divorce:
Even if your partner handles the finances during your marriage, you have a right to know about marital resources. If your spouse is secretive about them, he or she may not be being truthful with you about your financial situation.
While there is nothing wrong with splitting household duties, your spouse should not isolate you from financial decisions or records. If your soon-to-be-ex-spouse exercises too much control over marital finances without letting you have a say, he or she may be hiding assets.
Your husband or wife may try to physically separate you from financial documents. For example, he or she may open a post office box to collect important records. Or, your spouse may have documentation mailed to his or her office. If there is a physical separation between you and your financial information, hidden assets may be the reason.
Finally, your partner may try to move money around before you reach a divorce settlement. If your spouse buys artwork, makes sudden loans, takes trips or otherwise behaves strangely, you may need to ask an investigator to determine if your partner may be concealing assets.
Following your divorce, you want a solid financial foundation on which to rebuild your life. While Utah law protects your interest in marital property, you should always keep an eye out for hidden assets.