When a marriage dissolves, financial transparency should be non-negotiable. However, in high-asset divorces, it is not uncommon for a spouse to hide wealth in subtle, strategic ways – sometimes in places others may not think to look.
Identifying hidden assets requires a combination of forensic accounting and investigative skills. Knowing where to start can make all the difference.
Offshore accounts and foreign investments
One of the most common strategies for asset concealment involves offshore accounts and foreign investments. These holdings can be tucked away in jurisdictions with strict privacy laws, making them difficult to trace without legal help.
If your spouse frequently travels internationally or has business dealings overseas, there is a possibility that a portion of their wealth is not accounted for in domestic financial statements.
Shell companies and business assets
A spouse with business interests may use corporate structures to hide assets, funneling them through shell companies or underreporting revenue. Undisclosed stakes in partnerships, deferred compensation or inflated business expenses can mask true financial holdings. A deep dive into corporate filings, tax records and financial agreements can reveal discrepancies that point to concealed assets.
Collectibles, valuables and cryptocurrency
Some assets do not show up on traditional financial disclosures. Fine art, jewelry, rare collectibles and luxury vehicles can retain significant value while being overlooked in asset division. More recently, cryptocurrency has become a vehicle for financial deception due to its anonymous nature. Uncovering digital wallets, purchase records and blockchain transactions can bring hidden holdings to light.
A thorough financial investigation can do much to facilitate a fair settlement in a high-asset divorce. Having a forensic accountant as well as experienced legal guidance, can help uncover concealed assets, which is crucial to safeguarding your financial rights.