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  1. #1
    Join Date
    Aug 2010
    Posts
    1

    Default Recovering Funds and Preventing Spouse from Siphoning/Hiding Her Assets

    There was no major inciting event or action (e.g. affair) that put us on the path towards possible divorce. Rather it is the result of my wife's unstable and childish behavior. I am completely naive to the process (although I have begun to do research on the matter and will look for a lawyer) but she has a legal-savvy family with attorneys.

    Background for questions:
    When we married, she supposedly had no money to her name. She demonstrated that her income supported her entire budget although I now very much suspect that she may have given all her money to her sister/family prior to marriage. Trustingly, I put a lot of my own money (several years of savings) into a joint account to which we both put in our incomes for nearly three years. Now she says she wants to manage her money/income separately, with minimal contribution to the joint account.

    Thankfully, no children yet.

    Q1) I can do the same but is there a way I can recover some of the money I put into the joint account?

    Q2) How well can she siphon her current income from her private account to lawyer happy family, etc. by cash withdrawals and other methods on which she will no doubt be advised? Will I be able to get access to a paper trail that reveals this during divorce (if it finally gets to that point)?

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Recovering Funds and Preventing Spouse from Siphoning/Hiding Her Assets

    As you were told when you posted, laws vary by state.

    Typically, joint earnings during a marriage as well as fund commingled in the family amount are treated as a marital asset, not something you can after-the-fact claim to be your separate property. If you don't want her to be able to withdraw money you put into a joint account in order to pay for her lawyer, don't put money into the joint account.

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