Question: My husband and I live in Sandy Springs but we have vacation homes in North Georgia and Florida. Our marriage has been rocky for some time and he has been spending a lot of time on Facebook. I think he is having an affair with my friend who lives in Alpharetta because I read some of their emails. We both graduated from the University of Georgia and were in the same sorority.
Recently I overheard my husband on the phone speaking to someone I think was a banker in another country. I think that because when I looked at the phone bill I saw that he was speaking to someone in Switzerland. If we get divorced I'm worried that he's hiding money from me. My husband works in Buckhead for a luxury car dealership. Where do people hide money in bank accounts? How do I find out?
Answer: Most people hide money in bank accounts here in the United States. They simply utilize another person's bank account. The other person may be a family member or friend. Other people will try to hide funds in overseas bank accounts. Countries like Switzerland, Luxembourg, the Cayman Islands and Panama are some choice havens for such activities. These locations are chosen because of banking secrecy laws, ease of opening an account and relative political stability (you don't want money in an account that can be seized by a government).
The discovery process in divorce is when assets are supposed to be disclosed. If money or other assets are hidden, you want to present your divorce lawyer with all of the documentation you have – emails, texts, phone records, receipts, bills of sale, etc. The attorney may investigate on his or her own or they might consider hiring a private investigator. Subpoenas can be used to facilitate discovery.
We at the Sherman Law Group also try to answer as many questions as possible on our blog. If you have a question, email it to us and we'll do our best to answer it. No names will be used. If you want to speak to an experienced divorce lawyer at the Sherman Law Group, please call us.