Financial changes may signal that a Florida couple is heading toward a divorce long before the process actually begins. Looking into shared bank accounts and other financial matters may help determine whether any suspicions reflect realistic concerns.
A spouse selling stocks when analysts predict they could move higher might be a sign that an individual is seeking extra cash. Liquidating stocks generally results in paying capital gains taxes. If a spouse does not prepare the required Schedule D portion of a tax return, it may indicate an intent to file later with a single taxpayer status after a divorce, as noted by CNBC.
A married couple may file each individual’s tax return separately, or they may choose to file jointly. The IRS accepts amended filings within three years of the original filing date, as noted on the IRS website. A spouse making an unexpected or sudden change in filing status might suggest an issue within the marriage.
Alterations in paycheck deductions
A spouse may notice his or her partner acting distant, working longer hours or remaining away from home for extended lengths of time. Accompanied by a change in tax status, retirement withholdings or the number of dependents on a W-2 form, it may reveal a desire or plan to separate. If an individual is planning to move out, he or she may find ways to increase a weekly paycheck by reducing payroll deductions.
Starting up a new business to hide assets
Some individuals attempt to hide cash and assets from a soon-to-be ex-spouse by setting up a new business. While transferring personal assets to a business is generally permissible, property acquired during a marriage belongs to both spouses in Florida, as reported by SmartAsset. An individual attempting to hang on to jointly owned property may run into difficulty during the divorce proceedings.