Faupel Musser Love, P.C.

Is your spouse hiding assets? Watch out for these tricks

Are you worried that you may not get what you deserve in the divorce? It's a concern for a lot of people, but not just because of what a court will decide. They also worry that their spouse may hide assets and money from them, trying to make it look like the division of assets is fair when it's really skewed heavily in their favor.

If you worry about that, watch out for these three tricks that people use:

Stashing aside "cash back:" Every trip to the store is a chance to casually take money out of an account as cash back, counting on you not to notice it. They then put all of that cash aside for months or even years, building up a secret personal fund.

Lying about new income: Your spouse may say that they haven't gotten a raise in four years. The reality is that they got a raise every year, but they never told you. The income looks legitimate to you, but that's because your spouse is setting aside all of that additional money in another account.

Buying prepaid gift cards: This is just another way to hide money in daily transactions. If your spouse buys a $100 gift card every time they go to the store, they can set all of those cards aside to use at a later date.

These are just three potential tricks, but they help you see the lengths people will go to in order to hide money. Make sure you know how to locate these funds in a divorce to help ensure that you get a fair settlement.

No Comments

Leave a comment
Comment Information

Contact The Firm 

When you are facing a difficult legal situation, turn to Faupel Musser Love, P.C. For a free initial 15-minute phone consultation, call 734-881-9484 or to schedule an in-office appointment, contact us online.

Attorneys Serving Ann Arbor And Throughout Southeastern Michigan

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Contact Us

Office Location:

4844 Jackson Rd STE 204
Ann Arbor, MI 48103

Phone: 734-881-9484
Fax: 734-677-0760
Ann Arbor Law Office Map

Call for a Consultation 734-881-9484