California residents like you will have to divide your assets with your spouse upon divorce. But what happens if your spouse doesn’t report all of their assets? This is a real issue that some people may face, and you may have seen the warning signs yourself.
Sometimes, people will start hiding money before the divorce has even been announced. If they intend on announcing an intent to divorce or there is enough foreshadowing that it might be coming, spouses who intend to hide assets will likely start acting more furtively about finances. They may start cashing checks instead of depositing them directly and start using cash more often than credit cards in order to save a portion while eliminating a paper trail.
Often times, assets are hidden in a physical location as it leaves less evidence than digital attempts to hide money. For example, spouses may begin to buy expensive items like electronics or jewelry. They do this with the ultimate intention of returning or selling these items once the divorce is finalized to get their money back. They may even hide actual cash in physical locations such as their place of work, in their car, or around the home. This isn’t uncommon because as mentioned, cash is harder to track.
If you believe that your spouse has been hiding assets, then you have every right to reveal any potential wrongdoings that may be going on behind the scenes. Consider pursuing your suspicions in order to gain the assets you deserve.