February 15, 2015

Resuming 6 Signs Your Ex May Be Hiding Assets in Divorce (Pt. 1), here, we will continue revealing some of the more prominent indications that a former partner may be trying to conceal assets from you in a divorce proceeding.

Hiding Assets in Divorce: More Red Flags

Sign #3 – Your ex suddenly becomes secretive and/or lies about money.

When an ex suddenly has a drop in income or becomes secretive about money, these situations could indicate that (s)he may be hiding assets in divorce.

When an ex suddenly has a drop in income or becomes secretive about money, these situations could indicate that (s)he may be hiding assets in divorce.

When a former partner who used to be open about money and/or finances suddenly starts lying or becoming very evasive about these issues, it may be time to become more suspicious and do some more digging to find out if this change may be an indicator of hiding assets in divorce.

Of course, an ex may stop talking to you about money – or about everything – after a divorce petition has been filed with the court. However, should you start to notice any of the following, you may want to take some further action:

  • Your ex is flat out lying to you about financial matters.
  • You find out that your ex has accounts or money you never knew about.
  • Your ex avoids answering your direct questions regarding money and/or other financial matters.

Sign #4 – Your ex’s salary or income suddenly takes a big hit.

One way that some people can try to hide assets in divorce can involve trying to make it seem like they are earning less money in the months leading up to – or during – the divorce. Some of the various ways this can happen include (but are not exclusively limited to) by:

  • Making deals with employers to hold off giving them raises, commissions and/or bonuses until the divorce has been finalized
  • Changing the way their income is structured, such as changing salary-based income to commission-based income (as commissions may be easier to hide).

While such reductions in a partner’s income can end up reducing his or her spousal support obligations in divorce, it can also be a manipulative (and illegal) way for that spouse to attempt to retain more assets for him- or herself through the divorce.

Look for the upcoming conclusion to this blog series for some final common signs of hiding assets in divorce.

Littleton, Colorado Divorce Lawyers at Bahr, Kreidle & Flicker

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Categories: Divorce, Family Law