Getting divorced is never a fun situation. However, in order to ensure that everyone gets their fair share, both parties need to play by the rules and that means disclosing all assets. But what happens if you think your spouse is hiding assets during the divorce process? That is illegal and can negatively impact your share of the settlement in the divorce so you should make every effort possible to determine if they are in fact hiding assets. How do you do that? Keep reading to learn more about how to tell if your ex is hiding assets during a divorce Kendall Gkikas & Mitchell, LLP can help you through the process.
If you think that your spouse is hiding assets, ask them about it and pay attention to their reaction. If you notice big withdrawals from a joint bank account, inquire about it. If they fly off the handle or get very defensive with no actual explanation provided, that is a big red flag.
Do a Thorough Review of Bank Statements and Tax Returns
You should also do a thorough review of bank statements, credit card statements, and tax returns. Look for any big purchases that you aren’t aware of or hefty overpayments on credit cards or tax filings. This is often used to hide assets as they will get a big refund at some point.
Pay Attention to the Financials
As you go through the divorce process, you should also keep an eye on your spouse’s financials. Has their income drastically decreased or a bonus they were expecting not arrive? This can be a sign that they are trying to hide assets and you should look into the matter further.
If you need help during your divorce, contact Kendall Gkikas & Mitchell, LLP today.
If you are going through your divorce and think that your ex might be hiding assets, it is important to address that matter. At Kendall Gkikas & Mitchell, LLP, we have over 29 years of experience and have handled many cases involving assets being hidden. Our experienced team will fight tirelessly to ensure that you get a fair settlement. If you are ready to move forward, contact us today at 909-482-1422 to schedule an initial consultation to discuss your case.
To learn more about the reliable and quality family law services that we offer, visit us on the web at Kendall Gkikas & Mitchell, LLP.