Getting divorced may leave you questioning everything you thought you knew about your marriage. Even more frustrating is dealing with suspicions that your spouse is concealing assets from you.
If you can establish evidence that your spouse is indeed hiding money or moving things around to prevent you from having them, he or she may face legal trouble. Your vigilance in watching for warning signs may aid you in recognizing questionable activity before it is too late.
Strategies for concealment
According to Forbes, income plays a large role in determining how much support you and your spouse receive. It may also influence whether or not you receive a requirement to provide support. As such, your spouse may employ strategies such as requesting that bonuses or commissions be temporarily held. This way, his or her income remains lower which may yield a more desirable outcome.
Other means including inflating expenses, overpaying taxes and continually moving money around are also ways that your spouse may try to conceal assets. Address concerns about your spouse’s behavior immediately, and carefully follow the money in question. Document its movement and ask questions. If your spouse refuses to answer your questions, it may indicate dishonesty.
Consequences for concealment
Hiding assets is a terrible idea. If the evidence proves that your spouse has withheld assets in order to boost his or her outcome, he or she may face serious legal trouble. Depending on the severity of the offense and the circumstances of your case, the courts may require him or her to pay fines. In serious cases, consequences may include jail time.
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