Many people try to hide their assets during their divorce to get out of paying their partner the alimony they deserve. However, hiding the assets can ensure that their partner gets less of the property and possessions when splitting up.
Dealing with a divorce can be very stressful and emotionally heavy. Upon that, it can become quite overwhelming, like splitting all the possessions that you shared with your partner.
If you suspect that your partner is hiding their assets during divorce, get in touch with Kenosha divorce lawyers so that you can find out if there are any assets your partner may be trying to hide.
How to find out if your partner is hiding assets during divorce?
Here are some ways to discover whether your spouse hides the shared assets during your divorce trials.
- Extravagant or expensive gifts
Gifting expensive things is a way of concealing assets. While these might seem like presents given to a person, the person is most likely to return them after the divorce trial is over. This way, someone can remove the asset from consideration in the divorce proceedings and then get it back once the trials are over.
Keep a watch on extravagant gifts like jewelry, artwork, furniture, antiques, etc. moreover, cars and other property assets can also be considered; however, the legal barriers can make it challenging to transfer the ownership. Therefore, such significant assets are tough to hide.
- Personal postboxes
Your spouse might be concealing their financial activities if they are trying o hide assets. If your partner uses a separate or private letter box to store all the upcoming activities, they might also be keeping some vital paperwork in there.
However, it is not definite that it can be something fishy. Splitting will involve changes like different addresses and the mail work that is delivered to their office or a relative house. It can be a warning if you combine other signs of your partner hiding assets from you.
- Excessive spending
Since you have been living with your partner for a long time, it is natural to know an estimate of their income. Depending on their earnings, if you see them buying things that are not feasible in their pay scale, your partner might be hiding something from you.
When your partner suddenly starts spending on luxury items like clothes, accessories, cars, or exotic trips to places, it could be a sign that they have an undisclosed supply of money.