Personal Attention And Compassionate Representation

Finding ways to uncover hidden assets during a divorce

On Behalf of | Nov 30, 2023 | Divorce |

Preparing to dissolve a marriage can be a complex process and it can be challenging to know every step to take to protect one’s interests in the process. One topic that may be vital to address during a similar life change could involve knowing how to uncover the possible presence of hidden assets, as such issues could have a significant impact on the outcome of a divorce. Knowing some signs that might indicate the other party is attempting to conceal wealth could help individuals in Minnesota prepare to seek advice on the best course of action to take to address the issue. 

Possible signs 

There are numerous types of signs a person might exhibit when attempting to conceal wealth. For instance, those who engage in such unlawful behavior may become secretive about finances or attempt to shut the other party out of financial decisions. Behaviors such as being evasive about finances or attempting to hide key financial documents could also be red flags to watch for. 

Experts also indicate that those who try to conceal wealth could also attempt to transfer funds into secret bank accounts. As such, watching for large withdrawals or transfers could be vital to safeguarding one’s interests. In some cases, those who exhibit such behaviors may also be reluctant to talk about debts or may attempt to create fake debts to conceal wealth.  

What next? 

Those who are facing a divorce and have concerns about the possible presence of hidden assets might not always know what to do to protect against such issues. With so much at stake, a person might consider speaking with a family law attorney for advice on the next steps to take to address the issue. An attorney can help a client prepare to take every necessary measure to identify all sources of marital wealth and assist in creating a strategy with which to safeguard his or her future during subsequent divorce proceedings.