As I have mentioned before, when it comes to marital finances, often the best defense is a good offense. From the very beginning of your marriage, make sure that you are an active participant in all of your financial affairs. Have full knowledge of all marital assets, liabilities, income and expenses, and know where all copies of tax returns and other financial records are located. (See this earlier post for even more advice about building a solid financial footing with your husband.)
If it’s now too late for preventive measures, and you’re already in the throes of divorce, my advice is different. First, you may want to strategize your next financial steps with a divorce financial expert. Second, you should immediately start to be on the lookout for these tell-tale signs that your husband may be hiding assets and/or income:
- Bank and other financial statements are no longer being delivered to your home address. A change in regular delivery could signal that marital assets are being diverted or dissipated. Check with your bank, credit card companies, etc. to make sure that you receive copies of your statements. You’ll want to start gathering these, as well as tax returns, pension/IRA/401K statements and other financial documents, so that you can keep your own records and be alerted to any unusual activity.
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