How Can I Tell if My Spouse Is Hiding Assets from Me?

 Posted on October 13,2023 in Divorce

In a typical happy marriage, both spouses are open and honest with each other. But for many couples, this is not their reality. In many marriages, someone might suspect their spouse of infidelity, someone might feel they are married to the wrong person, and someone might think their spouse is hiding assets from them.

In a high-asset divorce, concealing assets is a fairly common practice. One reason for this is that the spouse hiding the assets is hoping not to need to share them with their ex in a divorce settlement. Another reason is there are common misunderstandings about what each spouse is allowed to do with their marital assets. Being married does not mean your spouse is entitled to whatever they want in your joint finances. 

If you are considering divorce but suspect that your spouse might be hiding assets that you would legally have rights to in a settlement, a Kane County, IL divorce lawyer can guide you through this stressful period.

Some Signs That Your Spouse Might Be Concealing Assets

There are several warning signs that your spouse might be hiding assets from you ahead of a possible divorce, including:

• If they are receiving mail from institutions you are not familiar with: If you and your spouse have maintained the same bank accounts for the duration of your marriage, there is no logical, innocent reason why they would suddenly begin receiving mail from a different bank or investment firm. If they are indeed getting mail from a new bank or financial institution, they may be secretly directing money into secret accounts that they are keeping concealed.

• If they have suddenly started spending more money: If it seems as though your spouse has started spending significantly more money than they used to, or they are withdrawing unusually large sums of cash, it may mean that they are diverting funds to a bank or investment account that they are keeping hidden from you.

• If they evade questions about your finances: If questions you ask your spouse about your marital finances are met with vague, evasive answers, they may be trying to hide something from you. 

If any of these situations have happened in your marriage, you may be right to suspect your spouse of attempting to conceal assets. It is important for your divorce attorney to be informed of this so that they can advocate for your rightful share of whatever assets your spouse may be trying to hide.

Contact a St. Charles, IL Hidden Asset Attorney

If you are considering divorce and suspect your spouse is concealing assets from you, our committed Kane County, IL divorce lawyers will explain your rights to you with sensitivity and compassion, and work to uncover any concealed assets with passion. Please call Goostree Law Group at 630-584-4800 today to schedule a free consultation.