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Is the money missing from your account related to your divorce?

You can't keep track of your spouse's whereabouts 24/7, and you wouldn't want to, even if you could. In fact, if you are like many spouses who are preparing for divorce, you may be looking forward to gaining a bit of distance between you, so that you can leave the past behind and move on to a new lifestyle. There are, of course, numerous legal issues you must first address before you can achieve your goal.  

It would be nice if you could simply sign some papers and that was it. However, that's not how it works, and if you have reason to believe that your spouse is up to no good concerning marital assets and upcoming property division proceedings, you may need some outside support to help you resolve the problem.  

How to uncover a hidden asset scheme 

If you have a jointly owned bank account with your spouse and you've noticed a few withdrawals that you were unaware of, it might be a sign that your spouse is trying to hide assets to keep you from getting them when the court divides your marital property. The following list includes other issues that should definitely cause you concern if you suspect a hidden asset problem:

  • Has your spouse been electronically transferring money to a friend or relative? If it seems out of the ordinary, it might be a sign that he or she is hiding assets. 
  • As mentioned earlier, money disappearing from a jointly owned account is a red flag. If you notice that your spouse has opened an individual account, you may want to inquire about the origin of the funds he or she is currently depositing there. 
  • If your spouse overpays taxes before the court finalizes your divorce, it may be great cause for concern. This is a common trick spouses use to hide assets. 
  • If your spouse claims to be paying back a loan that you never knew took place, it could be a way of hiding assets by asking a third party to hold money until the court finalizes your divorce. 

You can't simply march into a courtroom and accuse your spouse of being underhanded and trying to keep marital assets from you without producing evidence to support your accusations. In fact, the more evidence you can gather before you bring the matter to the court's attention, the better. You deserve an equitable division of property; besides that, hiding assets is illegal. 

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