As you go through a divorce, you’ll begin to think about the steps you can take to ease the pain and put yourself in better position for a positive future.
Unfortunately, this often leads to a situation in which an individual attempts to hide assets from the court (and one’s soon to be former spouse).
Do you have reason to believe that your spouse is hiding assets? Are you concerned about the impact that this will have on your divorce and your future?
If you find yourself in this position, there are a few things you need to know:
— Search the electronic trail. In today’s age, technology can go a long way in helping you uncover hidden assets. For example, your spouse may make the mistake of posting new purchases to his or her Facebook account. Or maybe you can review his or her online back account activity for a better idea of money that is coming in and going out.
— There are attorneys with experience uncovering hidden assets. In short, you want a legal team on your side who can help you uncover any assets that the other party may be attempting to hide.
— There is more than one type of asset. Don’t think of this as nothing more than physical items. You should also think about things such as cash, stocks, bonds and bonus payments (just to name a few).
If you have any reason whatsoever to believe that your spouse is hiding assets during your divorce, it’s time to take action to protect yourself.
Source: The Huffington Post, “Uncovering Hidden Assets in Divorce Litigation,” accessed May 15, 2017