What Should I Do If I Suspect Hidden Assets?

man and forensic accountant reviewing documents

Going through a high-asset divorce can be a difficult process, but when you suspect your spouse of hiding assets, it can make the process even more difficult. You may be wondering what you can do to find hidden assets and ensure that you get your fair share during the divorce.

Keep reading to learn more about how to find hidden assets during your divorce.

Review Financial Statements

When trying to find hidden assets, one of the first places you should look is through your financial statements. This includes their tax returns, pay stubs, bank statements, investment account statements, and other financial documents.

Pay close attention to any discrepancies between these documents and what your spouse has told you about their finances. For example, if your spouse tells you they make $150,000 per year, but their tax return shows them making $200,000 per year, that's a red flag that they may be hiding income.

Look for Unexplained Changes in Lifestyle

If your spouse has suddenly started living a much more lavish lifestyle than they did during your marriage, that could be a sign that they are hiding assets. For example, if they've started flying first-class or taking luxurious vacations but don't have the income to support this new lifestyle, that's a red flag. Similarly, if they've suddenly started paying cash for everything instead of using credit or debit cards, that could also be a sign they are trying to hide wealth.

Consult a Forensic Accountant

If you believe your spouse is hiding assets from you, another option is to consult a forensic accountant. A forensic accountant is a certified public accountant (CPA) who has specialized training in investigating fraud and financial crimes. They will be able to review your spouse's financial documents and look for any irregularities that may indicate hidden assets.

Together, you and your forensic accountant can help you review your financial situation and determine if your spouse is hiding assets.

Tampa High-Asset Divorce Attorneys

When preparing for divorce, it can be frustrating if you notice some of your marital assets are missing. An experienced high-asset divorce attorney can help you review your financial documents and uncover any hidden assets, helping you leave your marriage with what you deserve.

Do you believe your spouse is hiding assets? Call our firm at (813) 223-5421 to schedule a consultation with one of our attorneys. We are waiting for your call!

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