Financial infidelity and property division

When falling in love and entering into a new relationship, most people think about living together, binding their lives together and sharing everything in common.

Everything, that is, except the money. For many people in married or live-in relationships, the money is a separate thing. More and more people are hiding money from their spouses, keeping secret accounts and large amounts of cash out of view from their partners. How do these hidden assets impact divorces and separations?

Hidden Assets

Hiding some small assets from a spouse is nothing new. People have been doing this for many years. But according to CNN Money, the trend is becoming more commonplace and the amounts of money being hidden are increasing rapidly.

“Some 15 million people are hiding credit cards, checking accounts or savings from their live-in partners.” Further, “Young people are hiding more than other generations, with 31% of Millennials admitting to having a secret account, compared to 24% of Gen Xers and 17% of Baby Boomers.”

Clearly, hiding money in marriage and other committed relationships is a growing phenomenon.

Financial Infidelity: Discovering Hidden Assets in Divorce and Separation

For some people in marriage relationships, the expectation is to have all income and assets in common. Hiding money amounts to a form of infidelity – cheating.

At any rate, in divorce or separation, the courts will divide assets equitably, so the law sees all money and other assets as shared among the partners in a relationship. The problem with hidden assets is that the court does not have visibility over these assets. A judge can’t divide assets he or she can’t see.

Therefore, it is critical to work with an experienced lawyer who knows how to uncover hidden assets and bring them to the light, so they can be divided equitably. Even if you don’t expect that your partner is hiding assets, a skilled attorney will know where to look and how to bring out these hidden assets.

It is important to protect yourself and your future, so make sure you don’t cut any corners when it comes to looking into your partner’s assets in the divorce process.

Reach Out To Our Experienced Team For Help With Your Legal Issues

How The Siemon Law Firm Can Help

Contact our Georgia Family Law Firm by calling 770-888-5120 or by completing this contact form.

An attorney will respond within 24 business hours.

    Fields marked with an * are required

    I Have Read The Disclaimer *

    Our Office Locations

    Cumming, Georgia

    347 Dahlonega St #100,
    Cumming, GA 30040 770-888-5120 Cumming Law Office Map

    Marietta, Georgia

    1850 Parkway Pl Suite 715,
    Marietta, GA 30067 770-888-5312 Marietta Law Office Map

    Alpharetta, Georgia

    4555 Mansell Rd,
    Alpharetta, GA 30022
    770-888-5093 Alpharetta Law Office Map

    Atlanta, Georgia

    3400 Peachtree Rd NE Suite 555,
    Atlanta, GA 30326 770-888-5078 Atlanta Law Office Map