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Warning signs that a spouse is hiding property

On Behalf of | Dec 5, 2016 | Marital Property Division

When you entered a marriage agreement, you probably did so with the ultimate trust in your partner. Sharing your emotions, your finances and even your bed often strengthens that trust, which can prove problematic in that it sometimes makes you blind to the true nature or intentions of your partner.

If you are under the suspicion that your spouse may be preparing to leave you and is hiding property or funds in order to do so, listen to your gut. You likely already know that about half of all marriages end in divorce, and financial matters are a driving factor in many marriage dissolutions. If you suspect your spouse is hiding something from you, keep an eye out for the following.

Selling expensive items to friends or family members

Say your spouse suddenly decides he or she no longer needs that boat taking up space in the garage and unloads it to a friend or family member at a phenomenal rate. That friend or family member may be in on your spouse’s plan to leave you, and there may be an agreement to sell back the property following a divorce.

Limiting your access to shared banking accounts or credit cards

If you suddenly find that you are unable to access your bank accounts due to, say, a changed password, this could be a sign of your spouse attempting to conceal assets. He or she may have transferred large sums of money out of a shared account into a private one or otherwise made purchases in preparation for leaving you, such as putting down a deposit on an apartment, and changed the account password to avoid detection.

Setting up a post office box or having mail sent to a separate address

Just as your spouse may want to prevent your access to financial accounts, he or she may also want to keep you in the dark regarding the mail. If a new post office box is opened, or if bills, bank statements or related forms are getting delivered to somewhere like an office address, this is another indication your spouse is likely hiding something.

While these are a few of the more obvious signs your spouse is prepping to leave you, he or she may also take trips to countries with relaxed banking laws, make uncharacteristically large purchases or lead you to mistakenly believe a family business is circling the drain. If your spouse has begun taking any of these aforementioned actions, and if you suspect a divorce filing is looming, you may want to protect yourself by contacting an attorney.

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