Dividing property during a divorce can be stressful, especially when one spouse suspects the other of hiding money or assets. In Illinois, each spouse is legally required to fully disclose their finances during the divorce process. Unfortunately, some people attempt to conceal assets to avoid sharing them. If you suspect your spouse is keeping marital assets from you, a Wheaton, IL divorce attorney can help you uncover the truth.
Signs That Your Spouse Is Hiding Assets in Illinois
Several red flags may suggest your spouse is trying to hide money or property. One common tactic is transferring funds to a friend or family member temporarily. Some spouses might also open secret bank accounts or overpay taxes with plans to collect a refund after the divorce. Others may suddenly claim their business is losing money or undervalue assets.