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Are you concerned about a hidden bank account in divorce?

On Behalf of | Nov 8, 2019 | Property Division

Once you decide to move on from your marriage, you’ll turn your attention to the divorce process. This entails many key details, with property and debt division typically moving toward the top of the list.

At some point, you may develop concerns about your soon-to-be ex-spouse hiding assets from you and the court. This can be accomplished in many ways, with a hidden bank account among the most common.

Since you want to get everything you deserve from your divorce settlement, it’s critical to dig up these hidden accounts in advance of the divorce process. Here are some tips for doing so:

  • Examine bank statements: Once you have access to the other individual’s disclosure of assets, review the bank accounts that are listed. Look for things such as transfers to other accounts and missing monthly statements. If you come across a red flag, continue to dig until you find an answer.
  • Check cryptocurrency accounts: With cryptocurrency growing in popularity, your ex may attempt to hide money here.
  • Make formal requests: If you find something that doesn’t add up, you can make a formal request for financial information. The law requires your ex to answer truthfully, so don’t hesitate to take this step if necessary.

Don’t assume that the person you’re divorcing will act in a truthful and honest manner before and during the divorce process. If you have concerns about a hidden bank account, take action to learn more. Doing so will put your mind at ease, while also positioning you to receive all the assets you deserve.