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When Should You be Concerned Your Spouse is Hiding Money?

By November 17, 2011February 24th, 2022Alisse Camazine Featured, Finances
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.

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