When it comes to divorce, both parties are required to provide full financial disclosure. This means that each person must provide all relevant financial information, including bank statements, credit card statements, and investment records. In some cases, one spouse may try to hide assets by keeping them off of the financial disclosure forms. However, credit card statements can be a valuable tool in uncovering hidden assets.
If you suspect your spouse is hiding assets, request copies of their credit card statements for the past few years. Carefully review the statements for any unusual charges or patterns. For example, if you see frequent charges to luxury retailers or hotels/resorts in locations where your spouse has claimed they were on business trips, this could be evidence of hidden spending. Similarly, large cash withdrawals or transfers to other accounts could also be indicative of asset hiding.
Of course, there could be innocent explanations for any suspicious activity on credit card statements. So, if you have concerns about your spouse's finances during divorce, it's best to speak with a lawyer or financial expert who can help you interpret the documents and gather additional evidence as needed.