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Hiding Assets Part III: Red Flags That Your Spouse Is Hiding Money

During divorce when emotions are careening out of control, one spouse often believes that the other party may be hiding assets.

In 2011, The National Endowment for Financial Education (NEFE) released a study finding that 31% of people who combined finances with their significant other have been deceptive with their spouse/partner about money. Of those who committed a financial deception:

  • 58% say they hid cash from their partner/spouse.
  • 54% hid a minor purchase from their partner/spouse.
  • 34% say they lied about finances, debt, money earned.

Read article here.

Hiding Assets Part II: 8 Ways Your Spouse Can Hide Assets Before A Divorce

For those readers that have not seen “The Other Woman” it is funny, cute comedy about a terrible man (played by Nikolaj Coster-Waldau) that does terrible things to his wife (Leslie Mann), and his two mistresses (Cameron Diaz & Kate Upton). One of the terrible things he does is move assets around, robbing his wife of her financial freedom in the event of a divorce. However fictional the movie was, it opens your eyes to a very real issue; the power that someone can obtain when there is 100% trust in the relationship. Assets can be hidden and transferred, without the other partner having any suspicion. Then, when the divorce happens, they won’t even question it, because they don’t know the assets exist in the first place.

Read article here.

Hiding Assets Part I: Here’s Where Spouses Typically Hide Assets

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Could your husband be hiding assets? And if he is hiding assets, does that mean you won’t get the divorce settlement you deserve?

If you’re a woman going through divorce, you need to ask yourself those two tough questions, and while there’s obviously no way I can know the answers that apply in your case, I CAN tell you this:

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