How Do I Find Out If My Spouse Is Hiding Money?

Is your spouse hiding money? Is your spouse diverting his or her income into separate accounts? Is your spouse taking unnecessary deductions from his or her paychecks? Is your spouse funneling money into cryptocurrency? Is your spouse gifting money to other family members?

These are just a few questions to ask yourself under the umbrella of hiding or diverting money in contemplation of a divorce or during a divorce. The first steps you should take are to get informed. Review income documentation in conjunction with reviewing the bank statements to trace the funds coming in and the funds going out. Look into Venmo accounts, Quickpay, Coinbase, and other online platforms to exchange funds. Check out the deductions on paychecks (mandatory versus non-mandatory) and educate yourself on that income. The more financial information that you have, the better. Educating yourself lays the groundwork for discovering whether or not a spouse is hiding or diverting money.

Once you have retained a family law attorney, options in regards to discovering assets and income grows. Attorneys have the power to issue formal discovery in the form of interrogatories, financial affidavits and requests for production of documents. Family law attorneys can issue subpoenas and take depositions. Information is power.

Reach out to Jennifer Ward of WARD FAMILY LAW, LLC for a consultation today; you can schedule with her directly via email at jward@wardfamilylawchicago.com.