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What should you do if you suspect “financial infidelity?”

December 30, 2019 | Firm News

When marriage becomes tough, it is not uncommon for parties to hide things from one another. One thing parties (wealthy parties in particular) routinely hide is money. Hiding money and other significant assets both in marriage and divorce is known as “financial infidelity.” According to HuffPost, financial infidelity occurs in two out of three marriages, and nine out of 10 attorneys report that they have had clients rely on their smartphones to uncover dishonest financial behavior. If your case is one of the two out of three, know that you do have options for uncovering hidden assets and securing what you rightfully deserve. 

One of the first things you should do if you suspect financial infidelity is to sniff along the electronic trail. You may be able to find clues in social media updates, bank statements, emails, company benefits plans and ATM withdrawal notifications. Also, consider installing a spy app on your smartphone or setting up phone tracking software on your spouse’s device. The latter allows you to check in on his or her location at any time. 

If you merely suspect financial infidelity but cannot find any conclusive evidence, it may be time to hire a divorce attorney who has experience in recovering hidden assets. These lawyers have the technological capabilities and resources to quickly identify hidden funds and assets. If the attorney’s high-tech strategies do not work, he or she should have a forensic accountant on retainer. 

In short, technological advancements have made it easier than ever to uncover hidden assets and for parties of divorce to get what they rightfully deserve. If you are suspicious of your spouse, there are plenty of ways you can work to achieve peace of mind. 

The contents of this article do not serve as legal advice. It is for educational purposes only. 

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