Posted on August 23, 2021 in Family Law

The division of a couple’s joint property is often one of the most significant aspects of a divorce, especially in high net worth divorce cases. Whether spouses are able to reach an out-of-court property division settlement or property division is decided by the court, the division of assets and debts should be based on accurate, current financial data. Unfortunately, some spouses attempt to sway the outcome of the divorce in their favor by lying about their assets and income.  

How Spouses Hide Assets in a Divorce

To divide property in a divorce, both spouses must disclose detailed financial information. However, some spouses fail to tell the whole truth.

Some common tactics used to conceal assets or manipulate property division in a divorce include:

• Transferring money or property to another individual
• Physically hiding cash in a safety deposit box or other secret location

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