Law Offices of Linda Risinger
Call for a free initial consultation 972-294-6533

Signs your spouse is hiding assets

Impending divorce can bring out the worst in a person, especially when it comes to finances. Many spouses begin squirrelling away assets in order to avoid having to share them with the soon-to-be-ex in the course of property distribution. If you are thinking about divorce, it pays to stay alert to signs of secretive financial activities. Otherwise, by the time the court is dividing up marital assets, the hidden assets may be long gone.

Sudden changes in spending and withdrawals

Abrupt and unexplained changes in financial habits can serve as a red flag. If your spouse suddenly begins withdrawing amounts of money and refusing to tell you what for, you may want to look further. Once withdrawn and turned into cash, the money will be hard to track.

Keeping secrets

If your spouse refuses to share information about income and expenses with you, do not let this go. Even in households where one spouse has assumed the bulk of responsibility for bills and financial paperwork, the other spouse should have access to accounts and be able to view statements. Refusing to provide you with access to information can mean that your spouse does not want you to know how much money he or she has and where it is going. Your spouse may also be using your personal information to secretly open credit lines for which you will bear responsibility.

Unsubstantiated claims of decreased income

When a spouse claims that the household income has decreased yet continues to spend exorbitantly, it is time to question what is going on. Many spouses prepare for divorce by alleging that their business is losing money, their investments are tanking or their salaries have suffered a cut. In reality, it is easy to substantiate these claims by producing statements, tax returns and pay stubs. Refusal to do so can signal misconduct.

Pressuring you to sign documents

Another type of pre-divorce financial shenanigans can occur when a spouse gets the soon-to-be-ex to sign off on documents like powers of attorney or releases of interest. If your spouse pressures you to just sign something quickly, do not do so. Always insist on taking your time to read and understand any document before you sign it. A spouse who reacts negatively to such insistence probably does not have your best interests at heart.

If you do discover signs that your spouse is hiding assets, your best option is to consult an attorney. Avoid taking actions such as closing accounts or transferring funds on your own, since doing so without an attorney's guidance can result in allegations against you. An experienced family law attorney can help you protect your rights effectively.

No Comments

Leave a comment
Comment Information

How To Avoid The Courtroom

Find Your Resolve
  • Testimonials From Our Clients

    "I hired Linda on Monday and by Friday my was son was back home with me! Her price is reasonable and her staff is wonderful. Thank you so much Linda for everything you did for me and my son."
    -Jennifer, CPS client

    Client Testimonials
Email Us For a Response

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Contact Our Team Today

Get Answers To Your Family Law Concerns

Law Offices of Linda Risinger
2591 Dallas Parkway
Suite 300
Frisco, TX 75034

Phone: 972-294-6533
Fax: 214-271-0055
Map & Directions

  • ABA | American Bar Association
  • Frisco Bar | The State Of Texas | Association
  • State Bar Of Texas | Created in 1939