It is understandable that divorce can be an emotionally unsettling time for Cincinnati couples. Some get angry with their former spouse, some may feel the effects of depression, and some may feel panicked that their lifestyle is changing drastically. This panic can lead to negative consequences for both spouses, and in some high asset divorce cases, it can lead to a spouse attempting to hide assets.

While a feeling of panic may be understandable for a spouse who is facing a massive life change, their former spouse is the one who may suffer the consequences. When someone sees a suspiciously small settlement, compared to the finances they thought they shared, the question of hidden assets comes to mind. It could be an honest mistake made on the part of a former spouse, but there are ways that one can be sure.

Past income tax returns are a good place to start for these individuals, as one may hide something from a spouse but is less likely to hide something from an agency that can put them in jail. Viewing statements for savings and checking accounts can also reveal "secret" purchases and investments made. One should also be on the lookout for false debt repayments to close friends or relatives, as well as large sums of money going into accounts set up in a child's name.

Many of these are simply being aware of one's finances, both shared and individual. This awareness makes it harder for couples divorcing in Cincinnati to hide assets from each other, as they will know exactly when something is missing. Having this knowledge, as well as working with an experienced professional, can help keep high asset divorce settlements fair for both spouses.

Source: The Huffington Post, "Finding Your Ex's Hidden Assets," Brendan Lyle, July 12, 2012