What to Watch Out for If You Think Your Soon-to-Be-Ex Spouse Could Be Hiding Assets
In Maryland, as an equitable distribution state, marital assets are divided based on what the court considers fair, rather than an equal split. This determination involves a comprehensive review of each spouse’s contributions and the circumstances of the marriage. It is crucial to understand this process because the division of assets will significantly influence your financial future post-divorce.
During the divorce proceedings, you have a legal claim to assets rightfully yours. Consulting with experienced legal counsel is essential to safeguard your interests, particularly if you suspect your spouse might be concealing assets. This behavior is not only unethical but also illegal, and there are specific signs you should be alert to:
How to Find Hidden Assets in Divorce
To confirm suspicions of asset concealment, be vigilant for these indicators:
- Denial of access to joint bank account information;
- Unexplained opening of new bank accounts in their name only;
- Redirection of bank statements to another address or exclusively to personal email accounts;
- Purchases of high-value items such as art, jewelry, or luxury vehicles, particularly if these are out of character;
- Pressure to sign financial documents without adequate explanation or opportunity to read them thoroughly;
- Claims of insufficient funds despite displaying a lavish lifestyle on social media, with trips and luxury purchases;
- Any behavior that triggers your suspicions based on your intimate knowledge of your spouse’s typical financial behavior.
Trusting your instincts is important, as they are often honed over years within a relationship. However, financial deceit in divorce can be covert and shocking. If you suspect that your spouse is hiding assets, it’s imperative to communicate your concerns to your attorney without delay. A skilled divorce lawyer can initiate forensic financial analyses to uncover hidden assets and ensure they are equitably included in the divorce settlement.
Protect your future by getting in touch with a Maryland divorce attorney today to discuss your situation and explore your options.
