Spouses may engage in some underhanded behavior during the divorce process, especially when it comes to assets and property. If you think your spouse is hiding assets to keep you from obtaining your fair share as you dissolve your marriage, you will need an experienced divorce attorney to help you protect your interests.
Is My Spouse Hiding Assets?
It can be hard to tell if your spouse is hiding assets, especially if you were not too involved in managing your household’s finances. However, there are some red flags that you should be aware of that may suggest your spouse is hiding marital assets.
Here are some indicators:
- Your spouse gave assets or property to a family member or trusted friend.
- Your spouse overpaid the IRS.
- Your spouse did not collect bonuses or invoices, thinking that would make these assets exempt from marital property.
Here are some of the steps involved in uncovering hidden assets:
- Demand that your spouse provide certain documents, including tax returns and other financial statements.
- Ask for an inspection of property to search for hidden assets.
- Require testimony under oath.
When spouses hide assets, they can potentially face some severe consequences. If you can successfully prove that your spouse hid assets, it is likely that a judge will impose fines and sanctions against your spouse. Moreover, you may also receive a better outcome when it comes to property and asset division.
In severe cases, hidden assets may also result in criminal charges against a spouse since perjury is a federal crime.
Set Up a Case Evaluation with an Experienced Divorce Attorney to Protect Your Assets!
If your spouse is hiding assets, you should not hesitate to speak to a knowledgeable legal professional as soon as possible. At Cynthia Tracy, Attorney at Law, P.C., our legal team is committed to helping clients navigate the divorce process and protecting their interests. We understand how difficult the divorce process can be for some and will do what is necessary to ensure the best results. With more than 30 years of experience on our side, you can trust in our ability to help you.
Reach out to our law office today at (281) 612-5443 to request an initial case review with our skilled attorney to get started.