Dividing property in a divorce often depends on full and honest financial disclosure. When one spouse hides money, investments or property, it can delay proceedings and lead to unfair outcomes. Concealing assets is more than dishonest. It can result in legal consequences and damage trust during an already difficult process.
Whether you are anticipating a contested divorce or dealing with property division, it is important to be aware of the risk of hidden assets. In many cases, hidden financial details come to light through a careful review of available records and financial activity.
Ways hidden assets can be found during divorce
When hidden assets are suspected, several tools and strategies can help reveal the truth. Below are some common methods used during the divorce process:
- Review of voluntary financial disclosures: Early in divorce proceedings, both spouses typically share financial statements. These records may include income, bank accounts, property and debts. Comparing these disclosures with past tax returns or account records can uncover inconsistencies that suggest hidden items.
- Use of formal discovery requests: During the discovery phase, one party may request additional documents such as tax returns, retirement account statements or property titles. If a spouse fails to disclose these items or provides vague answers, further investigation may be justified.
- Testimony during a deposition: A deposition is a formal question-and-answer session held under oath. If a spouse denies owning certain assets and later evidence contradicts their statement, that information can become critical in court.
- Digital and social media clues: Online activity can reveal large purchases, luxury vacations or income-generating ventures. A spouse claiming financial hardship may post photos or share updates that contradict those claims. These details may help identify hidden income or property.
Finding hidden assets can protect your share of marital property and support a fair outcome. If you suspect your spouse is concealing information during the divorce, seeking legal guidance may be necessary to uncover the truth and protect your interests.