New Hampshire is an equitable distribution state, meaning that your marital assets will be divided fairly in your divorce. This doesn’t mean that those assets will be split in half, so there might be some work to do to secure the resources you deserve. But before you can start advocating for your share of the marital estate, you need to ensure that all assets are included in the property division process.
How to spot red flags of hidden assets
In far too many divorces, spouses try to hide assets to remove them from the property division process. When they’re successful in doing this, they keep those assets for themselves, leaving the other spouse cheated out of the financial resources they need and deserve.
If you want to prevent that from happening to you, then you need to be on the lookout for red flags that your spouse is hiding assets from you. Here are some of them:
- There are large transactions on a marital account without explanation.
- Your spouse avoids conversations about marital assets.
- Your spouse starts giving money to other individuals without consulting you or getting your approval.
- Business accounting records seem suspicious.
- Valuable assets are suddenly unaccounted for.
- Your spouse avoids telling you where certain assets have gone.
- Income is underreported or simply unreported on taxes.
- Debt is owed to friends and family members.
There are a lot of ways that assets can be hidden. So, if you see something suspicious, then you should dig deeper to find out what’s really going on.
Use legal tools to protect yourself in your divorce
The good news is that the legal process gives you a lot of tools to use to protect your interests. You can subpoena financial records, compel disclosure of the location of marital assets, and force your spouse to answer other questions that are relevant to your property division. If you’re ready to advocate for the outcome you deserve, then, now is the time to get to work.