If you are going through a divorce in 2026, you may be worried about whether your spouse is being honest about their finances. Our DuPage County divorce attorney helps clients when hidden assets threaten a fair settlement.
Hiding assets during divorce is more common than many people realize. According to the National Endowment for Financial Education, about 41 percent of adults who have combined finances admit to hiding money from their spouse. Knowing the warning signs and how to protect yourself can make the difference between a fair settlement and being taken advantage of.
What Does Illinois Law Say About Hiding Money During Divorce?
Under Illinois law, both spouses have to provide complete and honest information about their income, assets, and debts during divorce. The Illinois Marriage and Dissolution of Marriage Act at 750 ILCS 5/501 requires a full financial report to be sure of fair property division. Failing to disclose assets is not just unfair; it breaks the law and can lead to serious consequences.