Where do People Typically Hide Assets during Divorce?

If you are going through divorce, you know that matters of property division will come to the forefront in the near future. At that point, you will do whatever it takes to receive the property that you are entitled to.

But what happens if your soon to be former spouse hides assets during the divorce process? This is a concern for many. It is also one that can work against you if you don’t pinpoint the problem right away.

Here are a few things you should be aware of:

— Cash could be stashed in a safe, out of the way place, such as a safe deposit box at a local bank.

— Under-reported income on financial statements and tax returns.

— Overpaying creditors or the IRS. By doing so, your partner can receive a refund in the future.

— Defer salary, commission, and bonuses. A common trick, this ensures that the money is not included during divorce proceedings.

— Transfer stock. This entails the transfer of stock and/or other investment accounts to somebody else, such as a family member or business partner. Once the divorce is over, the person then asks that the assets be transferred back.

It is your hope that your partner is 100 percent honest during the divorce process, but you cannot assume this will be the case. If this person hides assets, it could work against you in the long run. It is important to understand how assets are often hidden during a divorce, as this will help you avoid a situation in which you are duped.

Source: Forbes, “Divorcing Women: Here’s Where Husbands Typically Hide Assets,” accessed April 18, 2016

Protect Your Money And Your Family

We remove fear associated with divorce, protect your money & maximize time with your kids!

We're here to help. Let's determine your best options.

Call Us 24//7 at 801-685-9999 to Speak with a Live Representative

Utah Divorce FAQs
Top 100 Divorce Blog
What Clients Are Saying…
BrownLaw icon
Excellent
Brown Family Law
Based on 980 reviews
I would highly recommend Clay to anyone! He is absolutely amazing and keeps you updated and informed with everything going on with your case!
Paul is a first-class attorney who not only has the skill to stand up for justice and guide your case to a successful resolution, but also demonstrates genuine care for his clients. A truly unique presence in his field.
Clay Randle at Brown Family Law is a master of clarity in the midst of complexity.

I hired Clay to help me navigate a divorce involving contested marital and premarital properties spread across multiple states. The legal terrain was anything but simple. Valuation disputes, and emotionally charged negotiations. Clay handled it all with precision, professionalism, and a calm that made a difficult process feel manageable.

What stood out most was his ability to distill complicated legal issues into clear, actionable steps. He was responsive, strategic, and always one step ahead in anticipating challenges. I never felt lost in the process—Clay made sure I understood my options and the implications of every decision.

If you’re facing a divorce with significant property concerns —Clay is the kind of attorney who brings both legal rigor and human empathy. I’m grateful for his guidance and would recommend him without hesitation.
Dani was very knowledgeable. She answered all my questions in timely manner. Would highly recommend working with her!
Paul Waldron offers a competent and mindful approach to navigating family law. Thank you Paul for being an asset in our community that we can all depend on.
Clay really knows how to take care of his clients!
Clay is one of the most knowledgeable attorneys I’ve talked to. He has a great grasp of family law and is an amazing advocate.
I send all my family law clients to Clay. As a lawyer myself, I know how important good representation is. Clay honestly cares about his clients and is a very good strategist. He’s also really funny.
Clay is an amazing, compassionate, and talented lawyer. Highly recommend him and the firm.
David and Dani were very helpful and made my case as stress free as possible.
yH5BAEAAAAALAAAAAABAAEAAAIBRAA7

Categories