Divorce is never easy, and it can become even more stressful if your spouse is hiding assets.
In Phoenix, like in other parts of the U.S., both spouses must fully disclose their financial details during a divorce.
However, some people try to hide money, property, or investments to avoid sharing them.
If you suspect your spouse is being secretive about assets, it’s crucial to contact a Phoenix divorce attorney to help uncover hidden finances and ensure a fair settlement.
Here’s what you should do if your spouse is being secretive about their assets during the divorce process.
Look for Warning Signs
Before taking action, watch for red flags that your spouse may be hiding assets:
- Sudden changes in financial behavior
- Large cash withdrawals or unusual spending
- Secretive behavior about money
- Missing financial documents
- Business losses that seem suspicious
If you notice these signs, it’s important to start gathering information.
Gather Financial Records
Make copies of all financial documents, including:
- Bank statements
- Tax returns
- Property deeds
- Investment accounts
- Business records
Having these documents can help you track any missing money or property.
Hire a Divorce Attorney
A divorce lawyer who understands Arizona’s laws can guide you through the process. They can help you request financial disclosures and take legal steps if your spouse is hiding assets.
Request a Court Order
If your spouse refuses to share financial details, your lawyer can ask the court to order full disclosure. Arizona law requires both spouses to provide complete and honest financial information. If your spouse lies, they can face legal consequences.
Work with an Accountant
If you believe your spouse is hiding money in business accounts or offshore investments, a forensic accountant can help. They specialize in tracing hidden assets and can provide evidence in court.
Use Legal Discovery Methods
Your lawyer can use legal tools like:
- Interrogatories – Written questions that your spouse must answer under oath.
- Depositions – A formal interview where your spouse answers questions under oath.
- Subpoenas – A legal request for financial records from banks, employers, or other sources.
These methods can uncover hidden money or property.
Report Fraud if Necessary
Hiding assets during a divorce is illegal. If your spouse lies about money, they could face penalties, including fines or losing their share of assets. In extreme cases, they could even face criminal charges.
Stay Calm and Focused
Divorce is an emotional time, but staying calm will help you make better decisions. Follow legal steps and work with professionals to ensure you get a fair settlement.
Final Thoughts
If your spouse is being secretive about assets during your divorce in Phoenix, it’s crucial to act quickly. Hiding assets is not only unfair but also illegal. By gathering financial records, consulting a divorce attorney, and using legal tools like subpoenas and forensic accountants, you can uncover hidden wealth and ensure a fair division of property.
Arizona courts take financial transparency seriously, and those caught hiding assets can face serious consequences. Staying informed and proactive will help you secure what is rightfully yours. With the right legal support and patience, you can protect your financial stability and move forward confidently.
