Divorcing spouses may reach an out-of-court settlement regarding divorce issues like property division or the case may go to litigation. Regardless, the spouses will need to divulge detailed financial information about their income, assets, and debts. Without this information, it is impossible to make an informed decision about financial issues during divorce. Lying about financial information on a financial affidavit is against the law, but unfortunately, some spouses do it anyway.
If you are getting divorced, it is important to be on the lookout for signs of financial deception. Failing to disclose full, accurate financial information can significantly impact a divorce case.
Red Flags a Spouse is Lying About Income and Assets in a Divorce
Child support, spousal maintenance, and the division of marital assets and debts are all influenced by the spouses’ financial circumstances. Some spouses try to manipulate the outcome of their divorce by failing to disclose all forms of income, inflating debts or expenses, or hiding assets.
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