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How to know if your ex is hiding assets

On Behalf of | Jan 10, 2023 | Family Law

Financial disclosures, often called financial affidavits, are common for divorce proceedings. Each party in the divorce may file a financial affidavit detailing their assets, expenses, and income. In an ideal situation, all assets appear on the statements to facilitate adequate division in the settlement.

Sometimes, one party conceals assets to try to keep them out of the divorce. Here are some indications that your ex is hiding assets in your divorce.

Does the asset list look incomplete?

If your ex files a financial affidavit to the court, you should receive a copy. Review the asset list carefully for signs that anything might be missing. If anything appears incomplete, that could indicate an attempt to hide assets.

Are you no longer receiving bank statements?

If you have stopped receiving statements for investment and bank accounts that you received prior to filing for divorce, your ex may be intercepting them or changed your access to the accounts. In some instances, this attempt at deception could be covering up assets that the court does not know about.

Has your ex been hiding tax records?

If you have not seen tax records for the last few years, or if this year’s tax records are materially different from previous years, your ex may have hidden assets. Sometimes, they are in other accounts or in business funds, resulting in significant variances in tax records.

When you have access to historical financial data, it is easier to spot the changes that could indicate dishonesty. If you have any indication that your ex is hiding assets, address it with the court to hold them accountable.