When Should You be Concerned Your Spouse is Hiding Money?

By November 17, 2011Finances
By Paule, Camazine & Blumenthal, P.C. of Paule, Camazine & Blumenthal, P.C. posted in Finances on Thursday, November 17, 2011.

By Alisse C. Camazine

We are often asked what to do when a spouse is secretive about money.  In these situations, an accountant will be retained to complete a forensic evaluation of the finances.  This occurs in many different scenarios, including the following:

  • Has your spouse been hiding money or become secretive about finances?
  • Have passwords been changed on financial accounts.
  • Have there been lifestyle changes, including new purchases of large items?
  • Has your spouse’s income declined suddenly?
  • Have there been large transfers of money from one account to another or convoluted financial transactions?
  • Has your spouse all of a sudden borrowed money or incurred significant expenses?
  • Have large sums of money disappeared?
  • Has your spouse been gambling?
  • Has your spouse been taking a lot of “business trips?”
  • Have there been a lot of cash withdrawals?
  • Does your spouse all of a sudden have a lot of cash?

In these circumstances your attorney should seek the assistance of an expert who can assist with a thorough evaluation of the finances.

Disclaimer

Alisse C. Camazine

Alisse C. Camazine

In her over 30 years of practice, Alisse Camazine has become one of the leading family law practitioners in the St. Louis area, focusing on child custody and complex divorce and property litigation. She has been listed in Naifeh and Smith’s, The Best Lawyers in America, for Family Law, since 1993.

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