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What are the signs your spouse is hiding assets?

On Behalf of | Oct 1, 2018 | Divorce |

If you are getting a divorce in Pennsylvania, one of the most trying parts of the process is dealing with your marital assets. You will need to split them between you and your spouse. If you fail to come to an agreement, the court will divide your assets. While many times, the process goes smoothly, there are sometimes when a spouse tries to hide assets. Knowing the signs of this beforehand can help you to uncover if your spouse is trying to hide away money so you do not get your fair share.

One sign you may notice, according to Forbes, is the transfer of assets. This is often done discreetly and you may have to investigate to discover what is happening. Another sign is an increase is spending or expenses. A bill can easily be altered and the extra money stashed away.

Your spouse may also start keeping finances more secret and refuse to answer any questions about finances. You may also notice that a bonus normally received at a certain time is not received. This could be a result of your spouse asking his or her employer to delay the bonus pay until the divorce is final.

One last sign is a change in investing behavior. While your spouse may explain it away by saying the market is doing well and it is good time to invest, there could be more sinister motives. You should ask for information on the investments and keep track of them yourself. This information is for education and is not legal advice.