Hiding assets are a common scenario during divorce cases. Spouses often try to hide their assets so that they need to give any share of those assets to their partners.

Cash is the most liquid and easy way to hide your assets. But hiding cash during a divorce often creates several problems and hassles. In the following sections of this article, you will get to learn details about it.

Is Your Spouse Hiding Cash from the Divorce Process?

If in your family, only one person is the earning member that is your spouse, there is every chance that your spouse can hide a portion of their earnings from you.

For example, if your spouse is a doctor, a lawyer, or a businessman, you might not know how much he earns a single day and how much he saves from his income.

Cash is one of the easiest ways to hide your assets. You can easily hide your cash by depositing it in any accounts or investing it in another business.

While making a divorce, spouses normally try to hide their assets, especially cash, from their partners. But it creates problems for both parties.

You have to show all the ins and outs of the assets or cash to the court in the divorce process. It will help the court to divide the money or assets equally between the couples.

Or else if the court can get the information of your hidden cash ever, you will face serious punishment.

How to Hide Cash During A Divorce? 

Spouses who want to hide cash from their partners can do it in many ways. Such as,

 1) they can start saving cash from the very beginning of their job, deposit the cash in any bank account which is unknown to their partners

2) if both couples are working persons, they can apply for separate taxation processes where they can hide their cash by overpaying taxes

3) nowadays, there are lots of shopping malls or brands that provide cashback offers. Spouses often can hide some cash which they get back while paying their shopping bills

4) online bank accounts such as PayPal, Payza, and so on in which you can deposit your extra income that means you can start an online business and the cash out of it you can save on that account

5) bitcoin is now on its popularity; you can earn your bitcoins and hide them from your spouse

6) personal credit cards, gift cards, prepaid cards also provide you the benefits to hide cash from your spouse.

When your divorce process is pending, you might not inform the court about that cash. Of course, you do not want to share your hidden properties with your partner, but this might be problematic if it goes uninformed.

How to Get Proof of That Cash?

If you can learn that your spouse is hiding cash from you, start searching for the secrets. You must gather all the information and proofs of that hidden cash if needed later.

You can observe your spouse whether they take and keep money in a specific corner of house or not for proof. If yes, then try to find out that cash and take pictures or make videos of that cash.

Try to find out if there are any gift cards, shopping payback receipts, or not. If there is any, take sufficient pictures as your evidence.

If you know the mobile or email passwords, you can often check the emails or messages if there is any message from banks or other financial institutions.

Cash Hiding and Financial Dishonesty in Marriage 

Hiding cash often causes financial dishonesty in your married life. In addition, it might create mistrust in your partner.

They might think that you are depriving them of your properties or something else like that by hiding cash.

Even it is a common conception among many people that you are saving money only by your names, which means you plan to divorce in the future.

In a divorce case, hiding money and hiding the information are both problematic. Therefore, you better hire a professional lawyer to handle this issue while making a divorce.

If you have your hidden cash over $1 million, you need a high net worth divorce lawyer in Regina. They are experts in this field.

Conclusion 

So, now you know the details about hiding cash in a divorce. We have also discussed how to hide some money from your spouse. If your spouse does so, how to get proof of that cash.

If you have any hidden cash that your spouse does not know till now and you are planning for a divorce, you can follow this information. But, better, you can hire a lawyer specialized in this area.