Florham Park Legal Blog

What steps should you take when your spouse hides assets?

Posted by Sharon E. Johnson | Feb 21, 2025 | 0 Comments

Dividing assets in a divorce should be fair, but sometimes a spouse may try to hide money, property, or investments. If you suspect this is happening, you need to take action to protect yourself. Following the right steps can help ensure a fair outcome.

Look for warning signs

If your spouse suddenly becomes secretive about finances, it may be a red flag. Watch for missing bank statements, unexplained withdrawals, or sudden transfers to family members or new accounts. If they claim a sudden drop in income or report unexpected debts, investigate further.

Gather financial documents

Collect copies of tax returns, bank statements, investment accounts, and property records. Look for any inconsistencies or transactions that seem unusual. If you don't have access to certain documents, request them from financial institutions or use legal methods to obtain them.

Work with financial professionals

A forensic accountant can analyze financial records to uncover hidden assets. They look for unusual spending, shell companies, or off-the-books income. A financial expert can also estimate the value of assets like businesses, real estate, or valuable personal property.

Use legal discovery tools

During divorce proceedings, you can request financial disclosures, subpoenas, or depositions. Your spouse must provide accurate information under oath. If they fail to disclose assets, they could face penalties, including fines or a larger share of the marital assets awarded to you.

Stay informed and persistent

Hidden assets can be difficult to find, but persistence pays off. Monitor financial activity, ask questions, and seek help when needed. Taking action early helps prevent financial loss and ensures a fair division of assets.

About the Author

Sharon E. Johnson
Sharon E. Johnson

Sharon E. Johnson is a principal with the law firm of Johnson & Johnson and has been engaged in the practice of law for more than 25 years. Sharon concentrates her practice in the area of matrimonial/family law and related matters including divorce litigation, divorce mediation, collaborative div...

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