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Divorce is a complex and unpleasant process that can be made substantially worse when one partner attempts to hide marital property from the other. Wishing to avoid losses during the division of marital property, one spouse may attempt to conceal income and assets in an effort to come out on top after the divorce is finalized.
In addition to being illegal and carrying substantial penalties, hiding, concealing, or otherwise dissembling about marital property can backfire because it so often makes the divorce process longer and costlier. Here are four signs that your spouse may be attempting to hide marital property in your divorce.
Sudden Financial Secrecy
A spouse who is attempting to hide income or other assets may suddenly divert their personal or business income from a shared marital account into a separate, private account. They may no longer be paying bills on time, or fail to disclose which bills have been paid and which have not. If you ask legitimate questions about shared finances, they may become hostile and withdrawn. If these behaviors are uncharacteristic for your spouse, he or she may be attempting to hide their true income.
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