Where to Look for Hidden Assets in a Divorce

Protecting Your Rights to Property

When a couple decides to end their marriage and get a divorce, one of the first orders of business is usually to figure out how to divide their assets. This can be a difficult process, especially if one spouse is trying to hide assets from the other. In this blog, learn some common places where people try to hide assets during a divorce in California. If you are going through a divorce, it is important to know where to look for hidden assets so that you can get what you deserve.

Secret Bank Accounts

One of the most common places people try to hide assets during a divorce is in a secret bank account. If your spouse has a secret bank account that you don't know about, they may be trying to hide assets from you. To find out if your spouse has a secret bank account, you can check their credit report or ask their employer for a copy of their pay stubs.

Investment Accounts

Another common place people try to hide assets during a divorce is in investment accounts. Many people choose to move assets from a primary bank account to an investment account that their spouse does not have access to. To find out if your spouse has investment accounts, you can ask their financial advisor for copies of their statements.

Retirement Accounts

Another common place people try to hide assets during a divorce is in retirement accounts. Whether they participate in a work-sponsored retirement program or have their own account, it’s common to see someone take financial assets and move it to a retirement account to hide it from their spouse. To find out if your spouse has retirement accounts, ask their employer for copies of their statements.

These are just a few of the places where people try to hide assets during a divorce. If you are going through a divorce, it is important to know where to look for hidden assets so that you can get what you deserve. It may be wise to speak with a forensic accountant to protect your financial rights.

Get Help from a Divorce Attorney

If you are currently going through a divorce and need help protecting your assets, contact the experienced divorce attorneys at Schweitzer Law Partners. We can help you figure out where to look for hidden assets and provide you with guidance on how to proceed.

Learn more about our California divorce attorneys or schedule a consultation by calling (626) 788-5225 or by visiting our website.