Divorce can bring out the worst in some people, especially during the asset division process. Indiana follows an equitable division process, which means assets are divided based on what is fair rather than strictly equal. However, some spouses believe they have an inherent right to certain marital assets or a much larger share of the marital estate. These people may go to great lengths to hide assets and keep more than is fair.
Is your spouse acting strangely about marital assets during your divorce? Have you noticed changes in joint accounts? Do you believe your spouse is hiding assets? If so, then you may need to learn more about hidden assets and what you can do.
What are the signs your spouse is hiding assets?
If your spouse is hiding assets ahead of a divorce, there are likely a few signs. Here are a few common signs that assets are being hidden:
- Unexplained withdrawals: You may notice several consistent transfers from joint banking accounts, including cash withdrawals or transfers to unknown accounts.
- Sudden changes in spending habits: Your spouse may have suddenly started making a lot of expensive purchases, such as jewelry and travel.
- Digital assets: Your spouse could be investing in digital currency, such as cryptocurrency, to hide money.
If you notice any of these signs, then you can take steps to protect your assets.
How can you locate hidden assets during a divorce?
During a divorce, a thorough investigation in financial records can be done during the discovery process. This process can help identify discrepancies in marital assets and locate hidden property.
Hiding marital assets is not only unfair to the other spouse, but it can also be a serious offense. If you believe your spouse is hiding marital assets in preparation for or during the divorce, it’s crucial to notify your legal representative. Having experienced legal guidance can help you take steps to locate hidden assets.