![]() In this way, you will have sufficient account information to obtain further records, as well as any information about purchases and any estate planning that your spouse has engaged in. The documents should be copied and returned to their original place. You should also copy credit card statements, insurance policies, deeds and wills and trusts. These include financial statements from banks, credit unions, investment firms, or other financial institutions. First, if possible, before you separate and litigation begins, make copies of all relevant financial documents you can obtain in your home, or if you have legal right to access them, in your spouse’s place of business.If you believe there is hidden income, there are several ways to determine actual income. The purpose for non-reporting is to minimize tax liability, and if divorce litigants’ testimony is accurate, it is a rare business person who reports all of his or her business income to the IRS. It is a virtually universal complaint that a spouse who runs a business does not report all of the business income. The most common type of income concealment is when a spouse owns his or her own business. There are ways to determine income, or to make an educated guess about income that the court will consider in determining alimony or child support. Many people believe that their spouses are hiding income. Obtaining an appropriate award of spousal maintenance (alimony) or child support depends in large part on obtaining accurate information about your spouse’s income.
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