When you file for divorce in Louisiana, you are required to include a comprehensive list of your marital property, or the property and assets that were amassed during the course of the marriage. The court-appointed judge will then take the marital property, or community property, and divide it equally in half. According to Louisiana statutes, each party is entitled to half of the community property. In some cases, spouses may try to hide marital property or assets away so that they can keep it all to themselves.
There are, however, certain signs that may warn you that your former spouse is not reporting all of his or her assets. Some of these warnings involve the spouse engaging in the following behaviors:
- Has complete control of the bank accounts, including the account information and passwords.
- Has a private mailbox or P.O. box where the account statements are mailed.
- Suddenly deletes a program containing financial information, such as Quickbooks.
- Is demanding and impatient when asking for signatures on certain documents.
- Owns a business in which he or she has exclusive control over the profits and other documents.
Spouses may start to give gifts of property and/or money to their close friends and family members prior to a separation or divorce. Once the divorce is finalized, the spouse will reobtain possession of the property. He or she may also attempt to hide assets by overstating debt or expenses and then putting the additional money in a hidden bank account.
This information is intended to educate and should not be taken as legal advice.