Money troubles in divorce often start when one spouse tries to hide assets. This can happen more than you might think. Finding hidden money and property matters because it affects how much you’ll get in your divorce settlement.
What counts as hidden assets?
When someone hides assets, they keep money or property secret during a divorce. This can include cash, business funds, investments or valuable items. In Tennessee, both spouses must tell the truth about everything they own. If they don’t, they break the law and face serious consequences, including fines and a smaller share of property.
Signs that your spouse might be hiding assets
Before we list the warning signs, know that one red flag alone doesn’t prove wrongdoing. Still, these signs tell you it’s time to take a closer look:
- Business profits dropping without an apparent reason
- Large cash withdrawals from bank accounts
- New purchases in other people’s names
- Delayed work bonuses or commissions
- Sudden loans to friends or family members
- Strange moves with digital currency
- Reports of lost or stolen valuables
- New bank accounts in other countries
Many of these signs appear in bank statements, tax returns, and business records. That’s why detailed financial review matters so much in divorce.
Next steps if you spot these signs
If you notice any of these warning signs, act fast. Exceptional accountants, called forensic experts, can track down hidden money. They check digital records, business books and banking trails to find assets your spouse might try to hide.
Tennessee courts take hidden assets very seriously. If your spouse gets caught hiding money or property, you could receive more than your usual share of assets. A divorce lawyer who knows about high-value cases can help protect your rights and ensure you get what you deserve. The sooner you act on your concerns, the better your chances of getting a fair settlement.