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How to find hidden assets in a divorce

Florida is one of the most stressed states in the country. Part of this could potentially relate to the state's relatively high divorce rate compared to other states.

Throughout a divorce, a judge will equitably divide assets. As a result, some spouses attempt to hide assets so that they do not come into play in a divorce. It is a sneaky tactic, but it is one you are able to fight.

Check around the house

One of the simplest ways to discover hidden assets is to search every nook and cranny of the house. Some spouses simply keep cash tucked away somewhere. You may also locate a safe deposit box, private bank statements or stock certificates.

Look at joint and separate bank accounts

If you and a spouse share a bank account, then you need to keep an eye on any suspicious behavior. In the months leading up to a divorce, some spouses may start to transfer relatively small amounts of money to a friend or acquaintance. The friend holds onto the money for the time being, and after the divorce is final, the friend sends it back. The spouse may justify this as he or she needed to pay that friend back for a debt. However, you need to take any excuses with a grain of salt. 

Look at business expenses

It is easy for a spouse who owns a business to hide assets. He or she may hire a phony consultant or new employee and transfer funds to a separate account. Be mindful if your spouse is paying someone you have never met or heard of before. 

Hire the professionals

At the end of the day, if you worry that your spouse has hidden assets, you may want to call a private investigator or forensic accountant. An expert can more thoroughly look into your spouse's fiscal situation to see if there are any red flags. Additionally, an attorney can demand that your ex's legal team hand over certain documents. 

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