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Is Your Spouse Hiding Your Assets?

| Oct 28, 2020 | Divorce |

magnifying glass looking at assets

Divorce is a complicated process that can sometimes reveal unpleasant aspects of your spouse. Some may even try to hide assets during your divorce in an attempt to avoid dividing them equally.

Fortunately, there are ways your divorce attorney can find these hidden assets and ensure you are getting a fair settlement in divorce.

How To Find Hidden Assets

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Openly disclosing all income, expenses, assets and debt is a legal requirement for all divorcing couples, but there are several ways your spouse may attempt to hide or conceal some assets in order to exclude them from your settlement.

However, there are several ways you can uncover your spouse’s attempts to hide assets. Usually, this starts with getting an idea of all assets owned by you and your spouse at the beginning of your divorce process. This is when you may realize some of your property or accounts are missing or inaccurately recorded. Figuring out what exactly you own and gathering information about your accounts and assets is a good way to begin discovering any hidden properties.

If, now you suspect that your spouse may be concealing or hiding some of your joint property, now is the time to enlist the help of your divorce attorney. They can use a formal process of discovery to get information about your accounts and assets through document demands, inspection demands and requests for admission. Depositions and other discovery process tools are good ways to get information from your spouse if you suspect they are being dishonest.

Having an experienced divorce lawyer on your side during this process is essential when trying to uncover hidden assets and put them back in play for your settlement.

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